AIP News RoundUp – EP 60 – Hugh Terry, Theresa Blissing and Simon Phipps – Raising a Round

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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.

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.

Close to the end of 2022, we see more money pouring into InsurTech in APAC. Australian Cover Genius raises $70M in Series D funding, Hong Kong InsurTech platform CoverGo received a strategic investment from Middle Eastern venture capital fund Noria Capital and Singapore InsurTech Igloo increases its Series B to $46M. Many are predicting a colder investment climate so are those the last major InsurTech investments? 

Beyond new funding rounds we have lots of news coming out of Singapore. DocDoc announced their partnership with Aon and more insurers in Asia to offer data-enabled patient empowerment solutions to members of employer health plans. We just had founder and CEO Cole on the show. Listen to the episode here

Singapore Insurer Income announced their expansion beyond Southeast Asia to Japan. Only last month we reported on their expansion into Thailand. ReMark, the digital solutions provider of global reinsurer, SCOR, is the first international partner to adopt Income’s micro-insurance franchise model.

Aggregator MoneySmart launches own insurance brand, Bubblegum in Singapore. Bubblegum seems to be operating under MoneySmart’s license and offers branded insurance products underwritten by a range of different insurers. 

With so much InsurTech activity, the Singapore authorities launch their own initiative. The Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG) announced that individuals will now be able to digitally access and aggregate information on their life, accident and health insurance policies held across different participating insurers. 


On December 8th you can witness the most innovative insurers and InsurTechs globally pitch live at The World’s Digital Insurance Awards 2022 – Global Finals. Watch the live pitches and vote for the winners. You can sign up here.

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