I’m excited to share with you an outcome of past few months of effort. Its a compilation of all things Insurance-Tech (InsurTech) in Singapore with an aim at proving an extra transparency and boost the collaboration between Startups and Insurance Corporates. As always, appreciate your help in spreading the word by liking and sharing this post!
INSURTECH IS COMING… AND SINGAPORE IS AT THE HEART OF IT
2016 has seen an explosion of interest in Insurance-Tech (InsurTech) globally and its not showing any sign of slowing down, unlike its much better known FinTech cousin. The world is waking up to the epic opportunity that tech is holding for insurance. Reducing various frictions that have built up in insurance is just the start.
Singapore is no exception and is in-fact quickly becoming a hotbed of InsurTech in Asia. It has a few really positive things going for it in that regard:
(1) Critical mass of insurance talent and corporate decision makers (a few Asia regional officers are based in Singapore: Chubb, AIG, AIA, Allianz, IAG, Aviva, Munich Re, Great Eastern, Direct Asia, Tokio Marine, MSIG)
(2) Supportive regulator and politically stable environment
(3) Emerging entrepreneurial ecosystem with corresponding enablers (talents, VCs)
WHY MAKE A DIRECTORY OF INSURTECH IN SINGAPORE
The idea for a country InsurTech directory came about when we’ve realized that the same questions kept coming up in pretty much every single meeting…and for those who know us, you realise that we’ve been through a lot of them! Meeting an insurer usually started with the question “WHAT’S THE LATEST STARTUP IN AN <AREA OF INSURTECH>?”.
And meeting a startup usually started with “WHICH INSURER SHOULD WE BE TALKING TO ABOUT OUR SOLUTION?”. This de ja vu question led us to believe that lack of public information was potentially hindering collaboration opportunities. Regular networking meetups and coffees helped but weren’t enough to help everyone. Hence, the directory is our attempt at promoting information transparency and further reducing hurdles to collaboration.
WHAT YOU’LL FIND IN IT
The directory is a snapshot of the Insurance-Tech (InsurTech) ecosystem in Singapore. For Startups it includes pain-points they are focusing on and how they are solving those, how they are looking to collaborate with corporates and some basic details about themselves. For Insurers, Re-Insurers, Investors the info also includes the references of existing startup relationships and what areas are they particularly focused on.
DIRECTORY: SlideShare version below and a PDF here
Please take a full advantage of it to uncover new paternal opportunities and Happy Collaborating!
Would love to hear your feedback / ideas about making it more impactful & relevant.
This article first appeared on LinkedIn Pulse