AIP News RoundUp – Episode 08 – Rahul Mathur and Lyndon Reid – December 17 – Overeating Their Pudding a Little Bit

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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.

Rahul is the Startup lead at Accenture’s FinTech Innovation Lab in London. Prior to joining Accenture, he was an Insurance Product Manager at Laka Insurance, a London headquartered early stage InsurTech start-up which recently won at the British Insurance Awards 2019.  Rahul holds a master’s degree in Statistics from the University of Warwick. He is an Ambassador at the Asia InsurTech podcast.

Guest
Lyndon Reid

Lyndon has worked in and around the insurance industry for the past 25 years with extensive experience in underwriting, distribution and business development across Asia Pacific and the USA.

During this special episode of AIP’s bi-weekly News RoundUp, Rahul Mathur and I were joined by Lyndon Reid, the Chief Commercial Officer at Shift InsurTech.  We had a spirited, fun and informative conversation as we wrapped up the previous two weeks of news in the InsurTech universe.  As always, there was a ton of news to sift through as the InsurTech and there was a great back and forth on this episode.

We began with Aviva’s announcement that they were essentially getting out of Asia, starting with the sale of their stake in Blue to its other joint venture partner, Hillhouse Capital.  We all had a bit of a different take on this, but suffice it to say that I was not impressed, particularly after they announced earlier that they were remaining in Singapore and China.

We moved into a discussion on the significance of SingSaver’s move into digital insurance comparisons and then talked about Carro’s launch of a pay as you drive insurance product with NTUC Income.  

We would be remiss if we had not spent a little bit of time talking about Digit’s capital raise and other news coming out of India.

We ended with a discussion of some recent news coming out of Thailand, including the OIC noting that it may consider special licenses for digital insurers.  Finally, there was Sunday’s announcement that it had raised an $11MM Series A round led by Quona Capital.

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