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.