Lyndon Reid came back to join Rahul Mathur and Michael Waitze on our bi-weekly trip through the most important news in the Insurance and InsurTech space in Asia. The three started with an announcement from Slice and Sompo Holdings, Asia about a roll-out of an on-demand travel insurance product. They determined that this product did not seem much different from most other travel insurance and that there was not much of an on-demand component to it.
We were all more excited about justInCase’s launch of Japan’s first peer to peer insurance product after working closely with the regulators to get it to happen. The team moved on to discuss Anapi’s partnership with Luma Health to expand into the market in Thailand.
India’s payment startups continue to look for new revenue sources and PhonePe is no different. With all of the money flowing through its app, PhonePe is also trying to enter the insurance space with its first travel product. We stayed in India for a bit to cover some updates on the IRDA and its regulatory sandbox. We closed our update with a focus on Mass Mutual‘s announcement of a new $100MM Southeast Asia fund focused on investing in digital health care, fintech and enterprise software startups. A fund of this size shows a real commitment to the region and the sectors we care about the most. Wow!