AIP News RoundUp – Episode 28 – Rahul Mathur and Shefali Sonpar – A Knowledge Transfer Partnership


Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His show has listeners in more than 170 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

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.

Experienced leader empowering Insurers to drive growth through digital transformation. Shefali is passionate about building business solutions based on the transformation power of digital and data - pushing innovation boundaries – exploring the possibilities for technology impact on business.

Mid-October is seeing some very interesting developments in the Asian InsurTech space. The product and services space is bursting with innovative offerings. 

This week’s News RoundUp started with a discussion of CoverGenius’ $12M capital raise that in our view is a bridge round. We expect them to come back with bigger news soon. Next we discuss how Sompo Japan is launching a robot insurance product that covers accidents by mobile machines. It creates coverage in the event that an autonomous robot injures a person or causes damage. 

Insurers are leveraging the global ecosystem with Dai-ichi Life Holdings joining Axell’s innovation hub to connect to Israeli technology. Staying with the Japan theme, Tokio Marine Indonesia is leveraging AI to combat auto insurance fraud. We next discuss how Jingdong (JD Health) invests into Chinese InsurTech and how it is strategically tied into becoming a full service play in the HealthTech space. Moving on to SaaS for brokers, China’s EasiTech begins work with AIA and Prudential agents in Hong Kong to bring a better sales experience to meet customers needs especially during COVID.

We wrapped up with a quick conversation about how payments startup Revolut is partnering with NTUC Income’s SNACK platform to embed micro-insurance offerings on Revolut’s mobile app. Revolut’s “Savings Vault” function is a sub-account in the app that helps customers save spare change by rounding up card transactions.

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