Ep 10 – Shwetank Verma – co-Founder and General Partner Leo Capital – Investing in Asian InsurTech – India Edition


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 AsiaTechPodcast.com show has listeners in more than 170 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Early-stage venture investor in India and South East Asia with Leo Capital. Focused on Digital Health, Insurtech and Fintech. Adviser on open innovation to Fortune 500 companies. Speaker on AI, innovation, digital health and insurtech. Previously, Shwetank headed open innovation at MetLife Asia, where he created and led (Collab) - a platform for matching best of class technology (AI, VR/AR, Blockchain etc.) startups to the right problem statement in the enterprise and bringing culture change to the main enterprise. Prior to joining MetLife, Shwetank was a serial entrepreneur in healthcare and education in India. He was nominated to the primary care task force of the Government of India and worked with the Gates Foundation to re-imagine primary care in Uttar Pradesh, India. Shwetank started his career at PricewaterhouseCoopers LLP in the United Kingdom. Shwetank is a qualified chartered accountant (UK). He also holds a Bachelor of Science in Economics and Econometrics from the University of Nottingham, where he was a Foreign and Commonwealth Office scholar.

Shwetank Verma is a General Partner and co-Founder of Leo Capital, an early-stage venture investor operating in India and SouthEast Asia. Leo Capital focuses on Digital Health, InsurTech and FinTech. Shwetank is an advisor on open innovation to Fortune 500 companies and a speaker on Artificial Intelligence, Innovation, Digital Health, and InsurTech. Prior to founding Leo Capital he headed open innovation at MetLife Asia, where he created and led (Collab) – a platform for matching best of class technology startups to the right problem in the enterprise and bringing culture change to large enterprises.

Shwetank specifies the growing contextual mobile trend in which he emphasizes the key roles of sampling and trust building in insurance selling. While branding does matter in the insurance industry and would create difficulty for recently established brands to grow, he points out that the growing landscape in Indonesia, Vietnam and especially India creates opportunities for new insurance companies that create better claims experiences.

The two major investment trends, as he mentions, are consisted of the important roles of technology in changing the competitive landscape and creating new consumer experiences while solving the existing problems of insurance today. He then gives his opinions on the importance of customization, the regulatory environment as well as recommendations for insurers to adjust to this rising InsurTech trend.

Companies mentioned in this episode:

Leo Capital, Ola, Acko, Amazon, MetLife, Prudential, Lombard, American International Group, Lemonade, Toffee Insurance, Symbo Insurance

Author: Chadhaporn Angpraphapornchai

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