AIP News RoundUp – EP 59 – Hugh Terry, Theresa Blissing and Simon Phipps – In a Digital World, Strategy Beats Execution

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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.

Guest
Hugh Terry

Hugh Terry, the founder of The Digital Insurer, is an experienced insurance professional with more than 30 years’ experience in the insurance industry covering insurance companies, business consulting as well as successful set-up and exit from his own businesses. Hugh is an actuary by profession. The Digital Insurer is the world’s largest knowledgebase and online community of more than 40,000 professionals who share a common purpose of working together to accelerate the digital transformation of insurance. The TDI Academy launched in 2020 is dedicated to providing best in class learning and development on digital insurance to help as many people as possible be part of our digital future.

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
Simon Phipps

Simon Phipps, Founder of The Digital Insurer, has over 30 years experience across Life, GI and Asset Management businesses within insurers, consulting firms and start-ups. He started his career in intermediated distribution. Previously Aviva MD & KPMG lead partner for Insurance Advisory & Digital Innovation in HK. The Digital Insurer is the world’s largest knowledgebase and online community of more than 40,000 professionals who share a common purpose of working together to accelerate the digital transformation of insurance. The TDI Academy, launched in 2020, is dedicated to providing best in class learning and development on digital insurance to help as many people as possible be part of our digital future.

Another busy month and we see more investments pouring into the region. Warburg Pincus is investing $350m to set up a Southeast Asian digital general insurance platform called Oona Insurance. Similar to other players Oona starts with a range of existing insurance assets including Indonesia’s PT Asuransi Bina Dana Arta Tbk and Philippines’ Mapfre Insular Insurance Corp.

Hong Kong based YAS completes a US$4.5M Pre-Series A round to focus on its Web3 insurance on-chain offering. The InsurTech also announced it is joining forces with fellow InsurTech Avata to launch an embedded NFT warranty service worldwide.

Bolttech is in the news again as well. The InsurTech secured a Series B investment led by Tokio Marine. In Indonesia, bolttech acquires majority shareholding in broker Axle Asia and in Singapore AVA Insurance Brokers and AVA Insurance Agency, which bolttech had acquired in February 2022, have been rebranded to bolttech.

In India, PhonePe announced that it has more than doubled its revenue. The payment company has a broker license and offers insurance products on its mobile wallet which contributed to the revenue growth. 

Singapore-based HealthTech DocDoc and QBE announced the launch of Asia’s first proactive group health insurance solution. For DocDoc, this collaboration personifies the evolution from an insurance technology provider to becoming the primary architect of game changing health insurance solutions.

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