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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