EP 50 – Chang Li – Director, InsurTech Plug And Play Japan – No Mom, That’s Not The Case


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.

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.

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In this episode, Michael Waitze talks to Chang Li, the Director InsurTech at Plug And Play Japan. Chang Li, originally from China, gives an overview of the differences between the InsurTech market in Japan compared to other countries in Asia and dives deep into the InsurTech startup ecosystem in Japan.

Chang Li and Michael talk about the Japanese culture and how it impacts the type of startups we see coming up in Japan as well as the insurance incumbents. Chang Li gives insight into innovation initiatives by major Japanese insurers and talks about how Plug And Play is helping insurers run workshops to develop their employees in startup practices. 

The two also talk about Japanese InsurTechs, such as JustInCase, which we had on the show last year. Find the episode here. Chang Li shares her view on what it takes to be a successful InsurTech entrepreneur and how to navigate the strict regulatory environment. 

Other companies mentioned in this episode: SureifyNippon LifeSompo.

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