AIP News RoundUp – Episode 18 – Rahul Mathur and Theresa Blissing – May 15 – They Don’t Have a Legacy System

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Michael has previously worked for major international organisations including Morgan Stanley, Goldman Sachs, UBS and CitiGroup as well as supported and advised local tech giants like aCommerce and investors like Ardent Capital in Thailand. Since 2016, Michael has been running his media business hosting several tech podcasts in Asia.

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
Rahul Mathur

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.

The beginning of May saw lots of InsurTech news and familiar faces. ZA Technology in a JV with Fubon Life acquired a digital insurance license for ZA Life in Hong Kong. Online aggregator and FWD-owned Frank.co.th partnered with Rabbit LINE Pay, the e-wallet service from messenger app LINE in Thailand, and SuperYou by Sequis Life partnered with GigaCover in Indonesia.

In terms of investment, we are seeing undisclosed funding rounds by MetaMorphoSys in India and CXA Group in Singapore. CXA is an interesting case. Founder Rosaline Chow Koo is one of the poster-children for InsurTech in Southeast Asia but the company does not seem to have made much progress in recent months. The undisclosed raise might indicate they were not able to raise as much as they had announced last year.

Another startup making controversial news is GoBear. The Company has just acquired AsiaKredit for an undisclosed amount but key executives seem to keep leaving. One of their co-founders has just joined Standard Chartered while another executive has joined UK FinTech Revolut. GoBear seems to be changing their business model and along with it their management team. Are we seeing a new GoBear soon or is it a GoNowhereBear? 

Listen to the episodes with:

Prem from Frank.co.th
Evan from Sequis Life
Amerson from GigaCover
Bob from FWD

Other companies mentioned in this episode:
eBaoTech, Kroodle, GoPay, Ovo, OneDegree

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