AIP News RoundUp – Episode 31 – Theresa Blissing and Michael Waitze – Why Does So Much Money Keep Flowing Into InsurTech?


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.

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.

November ends with more news from Singlife. The newly formed holding company Aviva Singlife issues S$550m subordinated notes to be listed on the Singapore Exchange. The money collected will be used for funding the purchase of Aviva Singapore operations and the capital requirements. 

In India, InsurTech startup Turtlemint raises $30 million. Turtlemint works with insurance sales agents / brokers and with over 40 insurance companies helping them to digitise the sales process. In China, rumour has it that Tencent is to invest an additional $150m in Chinese insurtech firm Waterdrop. Only in August, Tencent lead a $230 million series D round together with Swiss Re into Waterdrop. 

And we are having amazing news from several AIP alumni. Australian Upcover goes national with a food delivery partnership offering insurance to the gig economy. In Japan, justInCase partners with Daido Life Insurance to offer free COVID coverage to Daido’s SME clients. And Singapore based DocDoc has partnered with TPA SpesNet Global Group. DocDoc will integrate SpesNet’s digital TPA technology with DocDoc’s telemedicine platform and AI-powered doctor discovery platform, HOPE.

Other companies mentioned in this episode: Grab, PolicyBazaar, Singapore Fintech Festival, Hippo

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