AIP News RoundUp – EP 58 – Hugh Terry, Theresa Blissing and Simon Phipps – When it Comes to Digital, There Are No Geographic Boundaries

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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.

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.

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
Simon Phipps

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.

It’s the end of the month again and the AIP News Roundup team has come together to discuss the latest news in digital insurance and InsurTech in Asia.  In India, Liberty General Insurance introduces a new AI claims platform. Over the past few months, we have seen an increase in value chain innovation projects, something that we have witnessed in the West before. 

In Malaysia, MetLife is organizing a virtual hackathon to identify new tech talent from across the world. The company is looking to attract diverse talents to join MetLife and has a focus on gender diversity. According to a LinkedIn post, “advancing female representation in tech is an important priority.” Supporting women in digital insurance and InsurTech is also on the agenda for The Digital Insurer. TDI has launched a scholarship program from women to apply for a free TDI Academy program. Women from around the globe can apply here

In Singapore, Singlife with Aviva has launched two new digital products, a protection coverage for electric vehicles (EVs), and a rainfall protection travel insurance. The rainfall insurance is in partnership with US based InsurTech Arbol which specializes in parametric insurance products using blockchain technology.  
In Korea, digital insurer Carrot raises $250m in funding and is on track to become a unicorn. Startup valuation is an art in itself. If you would like to learn more about InsurTech valuation in China, have a look at the latest China in Focus covering InsurTech valuations  and what’s holding a recovery back? And on 20th October join the free webinar with Ping An’s CIO Jonathan Larsen on InsurTech valuation here.

Episode 256
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