In this episode of the Asia InsurTech Podcast, we sat down with Yamini Bhat, co-founder and CEO of Vymo, to discuss the intricacies of global expansion and the strategic insights she has gained from growing Vymo. Yamini highlighted the critical importance of localizing business strategies to fit different markets, from Japan’s preference for small, highly compliant behavioral changes to the U.S.’s flexible approach that offers a variety of options for sellers. She shared how Vymo leverages data to coach and enable salespeople, tailoring the platform to meet the diverse regulatory and cultural ..read more

“So we’re getting great conversion rates on eligible items. And we’re just in that period. Now. We’re moving to convert those customers to paid customers. So I’ll keep you posted on what that looks like. But really, I mean, honestly, you know, when you launch something, you go, this is going to be crickets. I am prepared for silence. I agree. We’re very prepared for the champagne moment, the launch and then nothing. So the fact that customers are even clicking or understanding what we’re offering us, or seeing it there, online is a huge win for us.” – Katherine Clayton The Asia InsurTech Podca ..read more

“Health is not a sprint. Health is a marathon. We spent seven years only creating the health score. 400 million man years of clinical data. So it was an enormous undertaking to create that health score.” – Peter Ohnemus In this episode of the Asia InsurTech Podcast, Peter Ohnemus, President & CEO of dacadoo, discusses the development of its Health Score & AI-based Lifestyle Navigation Platform that integrates clinical data to evaluate individual health comprehensively. Peter notes that dacadoo spent seven years analyzing 400 million man-years of data to create this scoring system. This ..read more

“When you talk to customers, I would say both we have to make sure that insurers are willing to embark on the journey with us and that it addresses their needs. But ultimately, the end user is super important, if solutions are not compelling for the end users, you know, it doesn’t work.” – Sebastien Gaudin The Asia InsurTech Podcast welcomed back Sebastien Gaudin, the Founder & CEO of The CareVoice, after his last appearance on the show in 2021! Clearly, a lot has changed since then, and this episode dives into those changes, especially focusing on the company’s product evolution and geogr ..read more

“Asia, of course, is a construct of many, many geographies. And each geography is very different…I see a real opportunity to leapfrog and not go through all the stages… Here in Asia, you can make markets, you can create markets.” – Bernhard Kotanko In this second episode of the Asia InsurTech Podcast featuring Bernhard Kotanko, a Senior Partner at McKinsey & Company, we do a deep dive into the future of Property and Casualty (P&C) Insurance in Asia. Amidst a backdrop of rapid technological advancements and evolving societal needs, Bernhard explores the untapped potential within the reg ..read more

Amidst a backdrop of slowed growth rates in Life Insurance, both developed and developing markets in Asia are facing critical junctures. In an insightful episode of the Asia InsurTech Podcast, Bernhard Kotanko, a Senior Partner and Asia-Pacific Insurance Practice leader at McKinsey & Company delves into the transformative shifts within Asia’s Life Insurance sector. Bernhard emphasizes the importance of adopting customer-centric strategies to bridge the gap between consumer expectations and insurance offerings. Despite the rise in digitalization efforts, the penetration of purely digital in ..read more

In a truly fascinating episode of the Asia InsurTech Podcast, Damola Oloko and Victoria Olorunmola dive deep into the transformative potential of InsurTech across the African continent. Highlighting the critical importance of tailoring insurance technology solutions to local cultures and consumer behaviors, they discuss how understanding regional nuances can drive the adoption of insurance products. From the success of funeral insurance in Ghana, rooted in deep cultural traditions, to leveraging Africa’s youthful, digital-first demographic, the conversation underscores the unique opportunities ..read more

The Asia InsurTech Podcast was joined by Gourab Mukherjee, CEO and co-founder of Aktivo Labs, to discuss the transformative power of technology in the health and insurance sectors. Gourab highlighted the significant advancements in health monitoring and management through the integration of real-time data, personalization, and digital health ecosystems. Utilizing smartphone data, wearables, and sophisticated algorithms, Aktivo Labs aims to empower individuals with actionable insights for healthier living. The conversation also touched on the accuracy and evolving capabilities of health-related ..read more

The world of InsurTech continues to rapidly evolve, driven by technological advancements, innovative products, and a push to expand insurance penetration in emerging markets. The podcast was joined by Jack Xia, the Chief Actuary at Igloo, who shed light on several critical insights into the InsurTech landscape, particularly in Southeast Asia. Jack explored how Igloo leverages AI to transform insurance offerings, from automating policies to introducing microinsurance products that cater to the unmet needs of emerging markets. Jack also sheds light on the challenges and successes of introducing ..read more

Welcome back to the AIP News RoundUp co-hosted by Michael Waitze and Theresa Blissing. This episode focuses on key developments in the InsurTech sector for January 2024, highlighting significant trends and strategic movements within Asia’s insurance industry.  Theresa and Michael discuss the notable acquisition of Singlife by Sumitomo Life, marking a significant move in mergers and acquisitions in the region. We also examine OneDegree’s expansion into the UAE, offering cyber policies for cryptocurrency exchanges, and PhonePe’s innovative approach to insurance distribution in India, which ..read more