AIP News RoundUp – EP 46 – Theresa Blissing and Michael Waitze – I Think It Was Just a Matter of Time

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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 130 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.

Another month with more record-breaking investments in InsurTech. While most economies in Asia are still suffering from the COVID pandemic, investment in InsurTechs is not slowing down. A category that is attracting the most investment is health care. Singaporean Digital health platform Doctor Anywhere raised S$88 million in series C. The startup has a presence in Singapore, Malaysia, Thailand, Vietnam, and the Philippines and is looking to expand even further with the latest funding round. 

In Indonesia, our friend Evan Tanotogono together with his co-founder Bobby Siagian raised $1 million in pre-seed funding to build Rey Assurance, a health service platform including AI-based self-assessment tools, 24/7 telemedicine consultations, and pharmacy deliveries. And in China, The CareVoice launches the next generation of its CareVoice OS, an API-based infrastructure and health ecosystem. Listen to our latest episode with CEO and co-founder Sebastien Gaudin. 

Another major investment round was announced by Bangkok-based insurtech Sunday. The full-stack InsurTech startup raised $45M Series B from investors including Tencent and SCB 10X. Capital raised will be used to expand its retail product suite comprising health insurance, protection for electronics, and motor insurance through its online platform to its existing health members, corporate and SME clients, and partners. We spoke to Cindy a year ago. Find the episode here

The other major trend we are seeing this year is embedded insurance. A globally well-known player in this field is Australian Cover Genius. The company just announced a Series C Funding of AUD$100M. Other players moving into the field of embedded insurance are e-wallet providers. In India, PhonePe just received an insurance broking licence and can now offer products from all insurance companies. In the Philippines, Igloo has partnered with GCash to offer online shopping insurance protection. 


Other companies mentioned in this episode: Bolttech, FWD, SingLife, PolicyBazaar

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