China FinTech > Insurance Services

Dear shareholders,

As most of you will be aware, SMA made an announcement not long ago that they will be adding new services to its payment platforms.

Of interest, as SMA ventures into new business areas within the services sector one will not be surprised if we are to see SMA getting involved in new services... perhaps Insurance.

Considering recent news from China - insurance firm ZhongAn sold a record 13,000 policies per second online;

http://www.theaustralian.com.au/bus...h/news-story/6ad773f78db310f9c09a83f780c866f2

Of course a lot easier to sell services like insurance online, into China. And also a lot easier to manage/distribute insurance - no cool room storage needed, if you get my drift....

According to McKinsey Research arm - life insurance (alone) is estimated to be the third World's largest in China;
http://www.chinadaily.com.cn/business/2016-01/20/content_23166687.htm

Let's see what this new online trend will bring to the business, like to think SMA is working behind the doors with an insurance underwriter...

So many opportunities..

DYOR
--