EP 42 – Cole Sirucek, Chang Li, Thibault Demoures and Lyndon Reid – InsurTech Insights Roundtable – The Initial Concept Was Massive Scalability

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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.

Guest
Cole Sirucek

Cole Sirucek is an investor and entrepreneur with over 20 years of experience founding, investing into and otherwise supporting entrepreneurial ventures. He is currently the Co-Founder and CEO of DocDoc, the world’s first patient intelligence company. He is also a Venture Partner at Founders Equity Partners. Cole spent seven years in the direct investment team of Temasek Holdings where he successfully invested over US$500M in private equity direct and secondary transactions. Cole attended MIT, Sloan School of Management and Harvard’s Kennedy School of Government.

Guest
Chang Li

Chang joined Plug and Play in 2018 after a career in one of major Japanese life insurers through work experience in investment investigation, cross-border M&A and profit management. Chang is supporting both Insurtech startups growth and insurers innovation currently.

Thibault has been working in the health insurance space in Asia for over 15 years. First on the distribution front as an insurance broker in China for 10 years - then for AXA Insurance in Hong Kong looking after the development of the Health and Protection line of business in Asia. Thibault is now working with AXA partners, a unit of AXA dedicated to innovation and partnerships. In his current role, Thibault is developing an ecosystem of Health partners. These partners plug their services onto AXA Partners’ health claim management platform to enhance customer journeys and contain medical costs.

Guest
Lyndon Reid

Lyndon has worked in and around the insurance industry for the past 25 years with extensive experience in underwriting, distribution and business development across Asia Pacific and the USA.

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In this episode, AIP founder Theresa Blissing recorded at the InsurTech Insights Conference in Hong Kong with Lyndon Reid – the Chief Commercial Officer at Shift Insurtech, Cole Sirucek – co-founder of DocDoc, Chang Li – Director of Plug and Play Japan,  and Thibault Demoures – the Asia Head for health solutions development at Axa Partners.  

The panel is discussing one of the topics of the conference “How can InsurTechs coexist with traditional carriers.” and give a glimpse of the conversations we had at the two-day event. How will insurers deal with disruption? Which startups are going to succeed and are there lessons to be learned from the telecommunication industry? 

The past three years have seen lots of changes in terms of mindset and approach of insurance companies towards InsurTechs and we might be at the beginning of large consolidation and mass customization. Is there enough space for multiple InsurTechs or is it going to be “winner takes all”? 

Episode 51
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