AIP News RoundUp – EP 50 – Theresa Blissing, Hugh Terry and Simon Phipps – Falling IPOs

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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.

Guest
Hugh Terry

Hugh Terry, the founder of The Digital Insurer, is an experienced insurance professional with more than 30 years’ experience in the insurance industry covering insurance companies, business consulting as well as successful set-up and exit from his own businesses. Hugh is an actuary by profession. The Digital Insurer is the world’s largest knowledgebase and online community of more than 40,000 professionals who share a common purpose of working together to accelerate the digital transformation of insurance. The TDI Academy launched in 2020 is dedicated to providing best in class learning and development on digital insurance to help as many people as possible be part of our digital future.

Simon Phipps, Founder of The Digital Insurer, has over 30 years experience across Life, GI and Asset Management businesses within insurers, consulting firms and start-ups. He started his career in intermediated distribution. Previously Aviva MD & KPMG lead partner for Insurance Advisory & Digital Innovation in HK. The Digital Insurer is the world’s largest knowledgebase and online community of more than 40,000 professionals who share a common purpose of working together to accelerate the digital transformation of insurance. The TDI Academy, launched in 2020, is dedicated to providing best in class learning and development on digital insurance to help as many people as possible be part of our digital future.

Happy New Year everyone! We are looking forward to another exciting year in InsurTech in Asia! 

Kicking off the year with a major acquisition story. UOB is looking to acquire Citibank’s operations in Malaysia, Thailand, Indonesia, and Vietnam by 2024. In Hong Kong, eCommerce startup Bloom has announced a collaboration with AIA. This continues AIA’s foray into small-ticket eCommerce protection products. 

In Malaysia, the regulator, Bank Negara Malaysia (BNM), aims to explore licensing new digital insurance and takaful players in 2023. This might ignite more InsurTech activities similar to what we have seen in Hong Kong. 

In Korea, InsurTech Carrot announced that it has sold over 400k policies. The startup appears to be looking for new investment and suggests an expansion into Southeast Asia. 

In the Philippines, Swiss Re settled a parametric insurance claim within days after recent typhoon Rai struck the country. This is a great example of how parametric insurance can be used quickly and efficiently to settle claims, especially after a catastrophic event. 

Episode 214
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