EP 61 – Michael Lovegrove – Founder and CEO of JRNY – We Need to Be Aligned on a Mission

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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.

On a mission to reduce the underinsured population.

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In this episode, Michael Waitze talks to Michael Lovegrove, the founder, and CEO of JRNY. The Company is on a mission to reduce the globally underinsured population which amounts to approximately USD 1.2 trillion with many of them found in Southeast Asia. The New Zealand startup is working with insurers globally to develop easy to understand insurance products and a convenient customer journey platform. 

JRNY has a mobile-first approach. While most insurers build a desktop version first and then try to make it accessible on a mobile, the startup is focusing on a contextual, mobile solution first that reaches from sales to claims management and digitizes the entire process. A topic more relevant than ever in times of a global pandemic.

The two Michaels discuss the impact of Covid-19 on an industry that predominantly relies on traditional agent and broker distribution. The industry will have to change and enable its distribution partners with digital tools. Partnering with startups appears to be a much faster and potentially even cheaper solution compared to building digital tools in-house in times of a global pandemic and remote work. 

Listen to the panel we recorded with Michael Lovegrove at the Singapore Fintech Festival here and the live special on “Beating the Virus” here

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