AIP and AIR Conversations on Emerging Markets – EP 02 – Tunde Salako and Thereas Blissing – The Dots Are Being Connected

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Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 170 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Theresa is the founder of the Asia InsurTech Podcast and a Thought Leader on innovation in insurance in Asia. She has worked for ten years for leading multinational insurers in Europe and Asia before turning to management consulting and venture building with the goal of transforming the insurance industry and helping shape its future in the region.

Dr. Tunde Salako is an insurtech enterpreneur with experience in the business of engendering access to insurance and fostering penetration. His background and expertise have obliged him the privilege to have cut across several industries spanning insurance, healthcare , and more recently data science. He has worked with both local and international professionals at c-suite and board levels on diverse missions channeled towards achieving specific goals. Tunde’s interests cut across technology, analytics, and business process automation. He is passionate about the use of tech to galvanize inclusion in the insurance ecosystem hence, the birth of the platform -Africa Insurtech Rising (A.I.R) in a bid to nurture the insurance-technology ecosystem. This platform is an aggregator of stakeholders in the Insur-Tech space with a focus on the African insurance sector passionately reverse engineering insurance inclusion on the continent via technology. The platform is the insurtech partner to the African Fintech Network ,partner to Quesnay Insurtech New York, Insurtech-Story India amongst other notable organizations. He is also Co-founder/CEO of an Insurtech Software-as-aService (SaaS) platform accelerating insurance inclusion via technology and data science in Nigeria, Tanzania. He is a member of the Barcelona Health Hub, Digital Insurance Community Netherlands and an alum of the Insurtech Hub Munich.

Theresa Blissing and Michael Waitze from the Asia InsurTech Podcast and Tunde Salako from Africa InsurTech Rising came together for another episode of Conversations on Emerging Markets. This time the three are discussing alternative forms of distribution. 

Distribution is one of the hardest codes to crack in micro-insurance and in general insurance for low-income populations. Selling insurance to a market that has low financial literacy and with no margin to invest in a strong agent network, alternative distribution channels are key.

In both Asia and Africa we are seeing examples of partnerships with ecosystem players, telcos or international money transfer providers. In some cases, small insurance coverage is complimentary when consuming the service. This freemium concept aims to get people familiar with financial products and sell premium coverage at the next stage.

Episode 5
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