InsurTech in India is not slowing down one bit and powerful US tech players are entering the market! While WhatsApp is currently piloting its insurance offerings, Amazon Pay has launched auto insurance in partnership with licensed InsurTech Acko. What is even more interesting, Amazon is offering extra benefits including additional discounts on premiums to Amazon Prime members. If you would like to learn more, Rahul discussed the topic in detail in his latest blog post.
In the Philippines, SingLife has partnered and launched life insurance products with Filipino mobile wallet platform GCash. The Philippines are the second market for Singaporean InsurTech that is turning into a super FinTech (read more about their story here). Will SingLife be the next Unicorn in Southeast Asia or are rumours fuelled by Lemonade’s IPO success story?
In Hong Kong YAS launched a new micro-insurance platform offering small-bite insurance. Leveraging blockchain and location-based technology, the InsurTech is offering on-demand insurance solutions for golfers and other outdoor enthusiasts.
Malaysia is trying to return to normal and insurTECH Asia 2020 is making a brave inaugural entry to the Malaysian market this November. The conference will gather tech entrepreneurs, investors, insurance innovators, and insurance industry incumbents from across the globe and present InsurTech start-ups that have shaken up the industry. We are crossing fingers COVID will allow us to get back to face-to-face meetings. We are all missing real-world interactions.
Other companies mentioned in this episode: Cover Genius, Digit, Alibaba, PingAn, Jio, Trov, Slice, PolicyStreet, FinancialLink, Claim Genius
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