In this episode of the AIP News Roundup Michael and Theresa talk about the launch of the new AIP website and its new functionalities. They also talk about the soft-launch of InsurTech Mentors, a global mentoring platform that connects insurers with startups and young talents. In collaboration with Aerate, the team is onboarding insurers and digital talents onto the platform as we write this. Insurers interested to get more information can email Theresa at theresa@insurtechmentors.com
In other InsurTech news, Covid-19 has obviously had a major impact on the insurance industry. PingAn’s OneConnect is in the news on how their technology can help insurers get Covid-19 ready by offering solutions for digital services including digital claims management. Insurers with strong digital capabilities in their front and back-ends definitely have an advantage at the moment. The team predicts that Covid-19 will have a massive impact on insurance distribution and that we will probably see an increase in online sales. In this context, Paytm in India and GoBear in Thailand have just acquired brokerage licenses.
China is in the news again as well as its biggest ride-hailing company Didi is taking a 32% share in Hyundai Insurance China. It looks like Didi is expanding its financial service offerings. While Southeast Asian competitors Grab and Gojek are currently looking at partnerships with insurers, Didi has now acquired a significant share in one.
Other companies mentioned in this episode: Symbo, Roojai, Frank.co.th
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