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


Michael Waitze has been podcasting with some of the best investors and business builders globally and discussing all things startup with them from an Asian perspective. Michael worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley, and Goldman Sachs, primarily in Tokyo. Michael always maintained a particular focus on how technology could be used successfully to make businesses more efficient and to drive P/L growth. Michael is quite skilled at connecting people and capital to innovative ideas and is a trusted advisor to both investors and founders. Michael is a leader in the digital media space, having pioneered the concept of a podcast network in Asia while building the biggest and fastest-growing listener base in the region. His flagship website, AsiaTechPodcast.com, has listeners in over 100 countries and is available on virtually every podcast player that supports RSS feeds.

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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