AIP News RoundUp – Episode 21 – Rahul Mathur and Theresa Blissing – Insurance Begins With the Claim

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Michael Waitze has been podcasting with some of the best investors and business builders globally and discussing all things startup with them from an Asian perspective. Michael worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley, and Goldman Sachs, primarily in Tokyo. Michael always maintained a particular focus on how technology could be used successfully to make businesses more efficient and to drive P/L growth. Michael is quite skilled at connecting people and capital to innovative ideas and is a trusted advisor to both investors and founders. Michael is a leader in the digital media space, having pioneered the concept of a podcast network in Asia while building the biggest and fastest-growing listener base in the region. His flagship website, AsiaTechPodcast.com, has listeners in over 100 countries and is available on virtually every podcast player that supports RSS feeds.

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 second half of June had some exciting news coming out of Malaysia with the largest investment yet into a Malaysian fintech. Axiata Group announced a strategic investment of US$ 70 Million by Great Eastern into Boost Holdings Sdn Bhd. Boost Holding currently has several startups in its portfolio including e-wallet business Boost, microfinancing and microinsurance platform Aspirasi, and API platform Apigate.

We are also seeing more InsurTech development coming out of Australia. Brisbane startup Codafication partnered with Suncorp to implement its virtual assistant including video-streaming technology to process claims remotely during COVID-19. Earlier this year Australia created a fintech regulatory “sandbox” allowing InsurTechs to test new products and services for 24 months without obtaining a financial services license from the Australian Securities and Investments Commission (ASIC) in order to boost innovation.

Digitizing along the value chain is more important than ever given the ongoing global pandemic. Manulife has rolled out a virtual insurance sales platform in Hong Kong and Symbo’s agency mobile app won the Insurance Broker award at SBR Technology Excellence Awards
Listen to our episodes with Symbo here.

Other companies mentioned in this episode: Snapsheet, Handdii, Hippo, PingAn, Upcover, Coverhero, Social Innovation Podcast, Anapi, GaoRai,

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