FS Brew- Insurtech and insurance in the Middle East
Attention Hacking in Insurance: Insights from Dr. Robin Kiera
The Future of Insurance: Digital Transformation, Social Media, and Innovation with Dr. Robin KieraWelcome to FS Brew, the first podcast in the UAE and the wider Middle East focused on insurance and InsureTech. In this episode, hosts Vidya Veerapandian, founder of Forward, and Renjit Philip, a consultant in M&A funding and go-to-market strategies for startups, sit down with Dr. Robin Kiera. Dr. Kiera is a prominent voice in the insurance industry, an advocate for its digital transformation, and the author of 'Attention Hacking: The Power of Social Media, Selling, and Insurance in Finance'. Join us as Dr. Kera shares his journey into the insurance world, offering valuable insights into how insurance companies can leverage social media to connect with customers, improve their marketing strategies, and engage a digitally savvy younger audience. Dr. Kera also discusses the challenges and opportunities in the German market, the role of InsureTech, and the importance of personal branding for industry leaders. Don't miss this in-depth discussion filled with actionable tips and strategic advice for insurance professionals and InsureTech enthusiasts.00:00 Welcome to FS Brew: Introduction and Hosts00:29 Meet Dr. Robin Kiera: Insurance Industry Expert01:14 Journey into Insurance: Dr. Kiera's Story02:47 The Power of Social Media in Insurance04:57 Challenges and Innovations in Insurance Marketing08:16 The German Insurance Market: An Overview12:30 InsureTech Landscape in Germany19:09 Challenges in Reaching Younger Customers20:55 Importance of Social Media for Executives21:42 The Role of Personal Branding24:51 Consumer Behavior in Germany and UAE28:14 Strategies for Midsize Insurers32:57 Rapid Fire Questions36:13 Conclusion and Final ThoughtsRenjit Philip:Newsletter: https://www.onemorethinginai.comSocials:Twitter / X: @renjitphilipLinkedIn: https://www.linkedin.com/in/renjit-philipVidya Veerapandian:https://www.linkedin.com/in/vidya-veerapandian/
From Unicorn Dreams to Revenue Reality: Minh Q. Tran on Venture Capital in Insurtech
Insurtech Innovation & Collaboration: Insights from VC Expert Minh Q. TranWelcome to FSBrew, the Middle East's premiere podcast on insurance and insurtech. In this episode, hosts Vidya and Ranjit Phillip speak with Minh Q. Tran, a seasoned venture capitalist with over 25 years of experience in tech and finance, particularly focusing on Insurtech, FinTech, and PropTech. Minh leads Mandalore Partners which specializes in corporate venture capital as a service, helping insurance companies strategically invest in innovative startups.The discussion delves into multiple topics around startup funding and collaboration within the insurance industry, emphasizing the importance of revenue generation, market fit, product competitiveness, business model, and team expertise. Insights on the dichotomy between disruptive and collaborative startups, adoption of AI, and the evolving landscape of Insurtech form key parts of the conversation. Minh shares his views on the emerging trends in Insurtech, the hurdles imposed by regulatory challenges, and specific collaboration models that have found success. He also highlights reinsurance opportunities in the Middle East and explains how startups can better navigate local regulations for expansion.In the rapid-fire round, Minh talks about the impact of blockchain technology, his investment strategies, and valuable advice for aspiring Insurtech entrepreneurs. Don't miss out on hearing about Minh's proudest investments and the critical traits he looks for in a founding team.Tune in for a comprehensive and enlightening discussion packed with actionable insights ideal for Insurtech enthusiasts, entrepreneurs, and industry professionals!00:00 The Importance of Revenue in Startups00:43 Introduction to Fsdru Podcast01:06 Guest Introduction: 02:50 Understanding Corporate Venture Capital as a Service06:49 Challenges and Benefits of Internal CVCs10:58 The Role of AI in Insurance13:31 Evaluating Insurtech Startups16:49 Investment Strategies and Regional Focus20:36 The Importance of Collaboration in Insurtech21:29 Navigating Regulatory Challenges in Europe23:37 Scaling Strategies for Insurtech Startups26:37 Insights on Investment and Innovation30:13 Rapid Fire: Quick Insights and Advice#vc #insurance #insurtech #europe #corporateRenjit Philip:Newsletter: https://www.onemorethinginai.comSocials:Twitter / X: @renjitphilipLinkedIn: https://www.linkedin.com/in/renjit-philipVidya Veerapandian:https://www.linkedin.com/in/vidya-veerapandian/
40 Years in Insurance: Ayman El Hout's Lessons and Predictions
Join us on FS Brew, the UAE's first podcast dedicated to insurance and Insurtech in the Middle East, as co-hosts Vidya Veerapandian and Renjit Philip engage in a deep conversation with Ayman El Hout, CEO of Marsh McLennan in the Middle East. With over 40 years of industry experience, Ayman provides insights into his career journey, the evolution of Marsh McLennan in the region, and the future landscape of the insurance sector. Key topics include the importance of AI, the challenges of medical inflation, climate risk, and the potential of tokenization as a future disruptor. Also, get a sneak peek into Ayman's leadership style, future plans for 2025, and some rapid-fire fun. Don't miss this episode packed with valuable lessons and forward-thinking perspectives on the insurance industry. 00:00 Welcome to FSBrew: Introduction and Hosts 00:28 Guest Introduction: Ayman Elhout, CEO of Marsh McLaren 00:49 Ayman's Journey into Insurance 02:32 Marsh McLennan's Achievements and Client Focus 04:20 Insurance Awareness and Industry Challenges 06:01 Regulatory Landscape in the Middle East 08:22 Attracting Talent and the Role of AI in Insurance 12:52 Climate Change and Renewable Energy Initiatives 16:51 Dubai Reins and Risk Mitigation 19:43 Global Risks and Misinformation 21:53 Navigating Career Challenges and Leadership Lessons 22:35 The Importance of Passion and Continuous Learning 23:58 Rising Costs in Medical Insurance and Solutions 27:31 Innovation and Insurtech in the Insurance Industry 30:09 The Future of Tokenization in Insurance 32:02 Leadership Reflections and Future Plans 33:17 Rapid Fire: Insights and Personal Preferences Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
The Evolution of KSA's Insurance Landscape: Get ready for growth
In this episode of F S Brew, Vidya and Renjit interview Hasham Piperdy, GM of KSA and Director at Badri Consultancy, discussing the remarkable growth in the KSA insurance market. Hasham shares insights into the factors driving this growth, from an industry valuation of around 36-37 billion in 2020 to a staggering 64 billion last year. This includes the role of regulatory changes, successful campaigns to insure more drivers, and the potential of renewable energy projects. The conversation also covers the impact of advanced data collection methods, climate risks, and future market opportunities. Join us as we delve into the dynamics shaping the KSA insurance landscape. 00:00 Introduction to FSBrew and Hosts 00:32 Guest Introduction: Hasham Pippurdi 00:54 Role and Journey at Badri Consultancy 02:25 Growth and Profitability in KSA Insurance Market 07:02 Impact of Regulatory Changes and Data on Underwriting 11:19 Market Share and Investment Income 17:01 Climate Risk and Natural Catastrophes 19:33 Regulatory Innovations and Centralized Systems 24:27 Pricing Trends and Future Prospects 30:24 The Impact of IFRS 17 on Loss Visibility 32:20 Saudi Arabia's Non-Motor Insurance Market 36:53 The Rise of Insurtech in Saudi Arabia 41:54 Addressing Climate Risks in Saudi Insurance 48:51 Challenges for Smaller Insurers in Saudi Arabia 54:24 Rapid Fire: Insights and Reflections Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
From Tradition to Transformation: Insurance in the Digital Age
Digital Transformation in Insurance: Insights from Dark Horse Digital Solutions In this episode of FSBrew, we sit down with the team from Dark Horse Digital Solutions, including Naren, Kishore, and Utkarsh, to delve into their journey and perspectives on digital transformation. They discuss the founding of Dark Horse, the evolving role of IT in business, and the significance of change management. The conversation spans across different sectors with a particular focus on the nuances of digital transformation in the insurance industry. They also shed light on challenges such as legacy systems, customer data integration, and compliance. Finally, the team provides insights into the future trends and the importance of designing for change. #DigitalTransformation #InsuranceIndustry #DarkHorseDigitalSolutions #FSBrew #Technology #BusinessProcessManagement #AI #CustomerExperience00:00 Introduction to FSBrew and Dark Horse Digital Solutions 00:18 The Origin and Evolution of Dark Horse Digital Solutions 01:03 Understanding IT and Change Management 01:55 The Role of Applications in Business 06:24 Challenges in Digital Transformation for Insurance 15:57 Comparing Digital Trends Across Geographies 20:24 Approaches to Large-Scale Digital Transformation 25:26 Demystifying User-Level Challenges 25:46 The Importance of Culture in Large-Scale Projects 26:05 Frameworks and Structures in Digital Implementation 27:13 Open Banking and Open Insurance in the UAE 28:14 The Role of Technology and Openness 32:35 Security and Compliance in Open Architectures 33:26 Designing for Change in Digital Transformation 36:26 Future of Digital Transformation in Insurance 41:43 Customer-Centric Approaches and Technology 44:30 Final Thoughts on Transformation and Partnership Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
FS Brew Insurance and Insurtech News with Analysis Nov 2024
FS Brew: Exploring UAE's New Broker Regulations and Insurtech Innovations In this episode of FS Brew, hosts Vidya and Renjit discuss the latest in the UAE's insurance and Insurtech landscape. They delve into new broker regulations issued by the Central Bank of UAE, focusing on premium collections and outsourcing rules that aim to bring stability to the industry. The hosts also spotlight emerging Insurtechs such as LookInsure and Shory, highlighting their innovations and market strategies. Additionally, they review global Insurtech funding trends, the performance of reinsurance companies, and interesting technological applications in climate risk management. Tune in to get insights and analysis on these critical developments in the Middle East insurance sector. 00:00 Introduction to FS Brew Podcast 00:58 Hot Topic: New Broker Regulations in UAE 06:53 Employee Benefits and Market Insights 10:12 Spotlight on Regional Insurtechs 15:17 Global Insurtech Funding Trends 18:41 Reinsurance Industry Performance 21:39 Innovative AI Solutions in Insurance 23:21 Conclusion and Listener Engagement 🎙 Don't miss out on an engaging discussion packed with insights for leaders in digital insurance and insurtech. Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/ #Insurance #Insurtech #DigitalBusiness #EmbeddedInsurance #Leadership #FSBrew 🎧 Tune in for more!
50: Digital Insurance, Insurtech & Leadership Insights with Gabriel Lazaro
In this episode of FS Brew, we sit down with Gabriel Lazaro, EVP at Chubb Overseas General, overseeing APAC, EMEA, and LATAM regions. Gabriel shares his journey into the insurance industry, the role of Chubb Studio in the group's strategy, and the evolving insurtech landscape. We cover diverse topics, including: - Gabriel’s transition from marketing to insurance - The role of Chubb Studio in embedded insurance and partnerships with insurtechs - How embedded insurance is gaining traction in banks & fintechs across regions - Innovative insurance solutions for e-commerce - Leadership evolution and navigating challenges at Chubb Plus, Gabriel shares personal insights on managing adversity, career lessons, and future goals for Chubb Studio. Rapid Fire Round: Gabriel answers quick questions on leadership, favorite travel spots, tech innovations, and more! 🎙 Don't miss out on an engaging discussion packed with insights for leaders in digital insurance and insurtech. Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/ #Insurance #Insurtech #DigitalBusiness #Chubb #EmbeddedInsurance #Leadership #FSBrew 🎧 Tune in for more!
49: From Science Labs to Insurance Labs: Ken Maw's Journey
Navigating the Insurance Industry with Ken Maw: Insights and LeadershipWelcome to FS Brew, where we dive into the world of insurance and Insurtech in the UAE and the broader Middle East. In this episode, hosts Renjit Philip and Vidya Veerapandian interview Ken Moore, Managing Director at Al Futtaim Willis. With over four decades of experience in the #insurance sector, Ken shares his unique journey from working in the food industry to becoming a key figure in insurance. He discusses the evolution of the industry, the role of trust in building client relationships, and the impact of technological advancements like generative AI on the future of insurance. Ken also touches on his leadership style, the importance of regulatory compliance, and his vision for the future of Al Futtaim Willis. Tune in for an insightful conversation packed with #industry wisdom and forward-looking strategies.00:00 Introduction to FSBrew00:49 Meet Ken Moore: Career Journey03:49 Role of an International Insurance Broker06:48 Leadership and Trust in Insurance08:44 Blogging and Banking Insights13:06 Strategic Goals and Insurtech17:22 Generative AI and Future Risks24:40 Regulatory Landscape and Compliance32:35 Advice for Aspiring CEOs36:43 Rapid Fire QuestionsRenjit Philip:Newsletter: https://www.onemorethinginai.comSocials:Twitter / X: @renjitphilipLinkedIn: https://www.linkedin.com/in/renjit-philipVidya Veerapandian:https://www.linkedin.com/in/vidya-veerapandian/
48: AI, Trust, and 40 Million Policies: How PolicyBazaar is Revolutionizing Insurance, again!
In this episode of FSBrew, the Middle East's premier podcast on insurance and insurtech, we sit down with Sarbvir Singh, Director & Joint Group CEO of PB Fintech (and PolicyBazaar), India's leading insurance marketplace. Sarbvir shares his journey from investment banking to leading one of India's most successful insurtech companies. He offers unique insights into PolicyBazaar's growth story, from its startup roots to becoming a publicly listed entity. Discover how PolicyBazaar is leveraging AI and data science to enhance sales productivity and manage risk. Sarbvir discusses the delicate balance between growth and profitability in the competitive insurtech space, and the company's strategic expansion into physical distribution through its POSP model. We explore the evolving Indian insurance market, regulatory landscape, and PolicyBazaar's vision to move "from transactions to trust." Sarbvir emphasizes the importance of customer experience, employee satisfaction, and strong partnerships with insurers. Whether you're an insurance professional, tech enthusiast, or aspiring entrepreneur, this episode offers valuable insights on innovation, leadership, and building a customer-centric business in a rapidly evolving market. Join hosts Vidya and Ranjit as they unpack the strategies and philosophies driving one of India's most innovative insurance platforms. Tune in for an enlightening discussion on the future of insurance and digital transformation in the industry. Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
47: Making Financial Services Relevant for GenZs and Millennials- CEOs Reveal All.
INNOVATING FOR GEN Z & MILLENNIALS 🌎💡 In this power-packed panel, industry leaders explore how organizations, especially in financial services, can drive meaningful innovation to win over Gen Z and Millennial customers and employees. Panelists Prashant Raizada, Preeti Mundra, Suvo Sarkar, and Vikram Krishna unravel the evolving needs of these digitally savvy, socially conscious generations and the innovation gaps holding brands back. Key takeaways: 📈 Moving beyond banking to embedded finance for lifestyle/experiences 🤖 Leveraging AI for hyper-personalization while being environment-conscious 👥 Fostering intrapreneurship with youth advisory councils 🌳 Integrating sustainability into the brand's core value proposition ePath to sustainability: Bottom-up approach + collaborative problem-solving The consensus? Meaningful innovation requires: ✨ Breaking silos between corporations, educators & youth 🧭 Leadership commitment to long-term value over short-term profits 🏭 Treating sustainability as core to the operating model, not just reporting Is your brand future-ready for the #GenZ #Millennial agenda? Our partner for this discussion, Lumi (https://www.lumi.network/?utm_source=fsbrew), is an award-winning edtech start-up that runs design-thinking-led, cohort-based ‘quests’ for companies. These digital, scalable quests allow participants to produce novel, tech-enabled ideas for business problems. Lumi is accredited by a Stanford University-affiliated institution, and using their program, over 56 companies have been founded, and over $1.2 billion in funding has been raised so far. Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/ #FinancialServices #FinTech #InsurTech #Innovation #Entrepreneurship #Sustainability #ClimateAction #AI #YouthEngagement #Branding #StakeholderCapitalism
46: 🚀 Dive into embedded insurance with Arijit Chakraborty, Managing Director APAC at CoverGenius
In this insightful episode of FS Brew, Arijit shares his diverse experience spanning from being a corporate lawyer to leading InsurTech ventures. Discover: ✅ The story behind CoverGenius' cutting-edge embedded insurance solutions for digital giants like Booking.com, eBay, and Shopee. ✅ How CoverGenius leverages AI, NLP, and data science to revolutionize pricing, product innovation, and claims processing. ✅ Arijit's leadership lessons and advice for insurance professionals aspiring to thrive in the InsurTech space. ✅ The future of embedded insurance and the exciting possibilities of IoT-powered, usage-based insurance models. ✅ Rapid-fire insights on work-life balance, inspiring leaders, and Arijit's favorite city to travel. Join us for an engaging conversation that explores the intersection of insurance, technology, and entrepreneurship. Like, subscribe, and share your thoughts! @covergenius #InsurTech #EmbeddedInsurance #CoverGenius #Innovation #Leadership
45: Cracking the UAE Insurance code: Regulations, Open Finance & The Road Ahead
In this in-depth podcast interview, insurance legal expert Anand Singh from Al Tamimi & Co. discusses the major new insurance regulations introduced in the UAE in 2023. He provides insights into the context, impacts and implications for insurers, brokers and the overall insurance ecosystem. Key Topics: 1. The 2023 UAE insurance regulations cover basic governance, risk management, business planning, ombudsman - areas where 60% of the market may not be fully compliant currently. 2. Upcoming Open Finance regulations could drive digitalization and integration of insurers' systems, increasing data sharing and enabling new product innovation. 3. New rules enhance protection of policyholders' medical data and require robust cybersecurity measures from insurers. 4. Higher capital requirements for branches (previously only subsidiaries) and potential licensing changes could drive market consolidation. 5. Reversal of COVID-era 50% motor insurance premium discounts has improved profitability after initial pricing competition. 6. For insurtechs, the choice of mainland vs free zone depends on B2B vs B2C model and brand-building plans. 7. Ombudsman regulation for consumer disputes could be a game-changer for policyholder protection. 8. Premium collection remains a major challenge, with insurers sometimes forced to deduct premiums from claims paid. 9. Regulatory reforms like advance premium collection could catalyze market growth. 10. Open Finance is seen as the most exciting potential innovation for increasing insurance awareness and penetration. 0:00 Intro 2:28 Overview of 2023 UAE insurance regulatory changes 4:13 Rationale behind basic governance, risk management rules 6:59 Potential impacts of upcoming Open Finance regulations 12:09 Regulations on medical insurance data protection & cybersecurity 15:19 New capital and licensing requirements 19:34 Reversal of COVID-era 50% motor insurance discount 22:47 Considerations for insurtech startups: mainland vs free zone 28:31 Policyholder protection and ombudsman regulations 31:29 Premium collection challenges & wishlist for regulatory reforms 36:39 Most exciting innovation: Open Finance 38:20 Rapid fire Q&A Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/ #InsuranceLaw #UAERegulations #Insurtech #OpenFinance #Ombudsman #DataProtection #CapitalRequirements #Startups #LegalInsights
44: Interview with Renee McGowan: CEO, Marsh India, Middle East & Africa
🔥 Insider Insights: Marsh McLennan CEO Unfiltered 🔥 Renée McGowan, CEO of Marsh McLennan for the Middle East, India & Africa, gets candid about leadership, Gen AI's impact on insurance, and tackling climate risks. 🌟 Highlights Include: - Her transparent leadership style that empowers teams - How their innovative 'Len AI' is transforming client solutions - Navigating the diverse regulatory landscapes across regions - The biggest risks facing the world according to their Global Risk Report - An exclusive sneak peek into her new book "The Friday Email" Don't miss this power-packed episode as the insurance titan shares her inspiring journey, struggles, and vision for the future of risk advisory. Subscribe now for more industry game-changers! Renjit Philip: Newsletter: https://www.onemorethinginai.com (https://www.onemorethinginai.com/) Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
43: News with Analysis: Hayah launches Tribe, Sukoon and Wax tie up and Crypto insurance is here
Hosts, Vidya Veerapandian and Renjit Philip review four news pieces from the UAE insurance industry: - HAYAH Insurance's app called TRIBE BY HAYAH- a great move by the team, creating a more comprehensive 'fintech' proposition starting with term life, medical insurance, and savings-linked investment products - Sukoon Insurance and WAX partnership- opening up a whole new way of segmenting target audience with a differential proposition- (📣reinsurers, take note of the variety of risks being underwritten here!) - Cigna Healthcare Middle East & AfricaHealthcare Vitality Study Report- how and why countries like #uae and #ksa have one of the highest vitality scores! - OneDegree and Dubai Insurance Co.'s partnership to provide Crypto Insurance to firms- a first of its kind and what that means to the region. Renjit Philip: Newsletter: https://www.onemorethinginai.com (https://www.onemorethinginai.com/) Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
42: Scaling InsurTech in Emerging Markets: Insights and Strategies from Amanleek's Journey in Egypt
This episode provides an in-depth look at the journey of Mohab Aboueita, co-founder and CEO of Amanleek, a digital insurance brokerage in Egypt, and his insights into the insurance and InsurTech industry. The discussion covers Mohab's accidental entry into the insurance sector, the foundation of Amanleek, challenges faced in scaling the business, strategies for customer acquisition, co-founder dynamics, and the importance of resilience and grit in entrepreneurship. It highlights Amanleek's approach to addressing the underserved insurance market in Egypt, its experiences with funding rounds, and the company's future focus. Additionally, the episode touches on the broader trends in the Middle East's insurance industry, including digital transformation and customer-centric product innovations. The conversation is packed with practical advice for startups, from managing co-founder relationships to navigating fundraising challenges. Renjit Philip: Newsletter: https://www.onemorethinginai.com (https://www.onemorethinginai.com/) Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
41: Breaking Barriers: Shady El Tohfa's Insurtech Journey with Amenli in Egypt
A wide randing conversation with Shady El Tohfa, the CEO of Amenli, a digital broking company in Egypt. Key learning opportunities for an Insurtech founder in the Middle East include: 1. Recognizing the low insurance penetration in the region as an opportunity for digital disruption. 2. Understanding the importance of regulatory compliance and adapting to local insurance laws. 3. Leveraging existing technologies and platforms to build efficient solutions. 4. Focusing on customer education to increase awareness and trust in digital insurance products. 5. Tailoring insurance products to suit the unique needs and preferences of the regional market. 6. Building a strong team with diverse skills, including tech, finance, and insurance expertise. 7. Prioritizing data security and privacy to build customer trust. 8. Developing a clear and sustainable business model. 9. Embracing innovation to stay ahead in a rapidly evolving sector. 10. Establishing robust investor relations and effective fundraising strategies. Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
40: Building a Global Insurtech Unicorn: Rob Schimeck of bolttech
In this episode, we spoke to Rob Schimek, the Group Chief Executive Officer of bolttech, the fast-growing international insurtech. He is responsible for the company’s development and growth around the world. Before starting bolttech, he held leadership roles with AIG, FWD, and Deloitte, and has an MBA from Wharton School. Rob spoke about the evolution of bolttech, and the varied strategic decisions taken, including their stakeholder mix and acquisitions of companies, as reasons behind its exponential growth rate! Given BoltTech's presence in over 35+ markets, we also discussed the strategies Rob employs to manage and adapt to different regional market dynamics and navigate regulatory challenges. We also discussed bolttech's distribution strategy and the current revenue models- 1] the embedded and 2] the insurance exchange. Must listen episode for insurtech founders looking to navigate the start-up landscape ! Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
39: UAE and KSA Insurance: New End of Service Benefits, Gen AI, Liva Rebrand and More
In this episode of FS Brew, we explore trending insurance sector stories in the United Arab Emirates (UAE) and Saudi Arabia (KSA). Topics include significant employee benefit changes in the UAE, developments in unemployment insurance, the implications of the BOTIM app acquisition, and the introduction of e-monitoring for car insurance in KSA. The episode also gets into a discussion on the exciting potentials of Gen AI's application to insurance underwriting. Lastly, we delve into the fresh rebranding of RSA Middle East to 'Liva' and a tie-up between Zurich and DIFC Innovation Hub. Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
38: How to pitch to a Corporate Venture Capitalist? In conversation with Harald from Standard Chartered Ventures
🔍 Exploring Corporate Venture Capital with SE Ventures In a recent episode of the FS Brew podcast, Harald, the head of Venture Building at SE Ventures, shared some insightful perspectives on the role of corporate venture capital in shaping the future of FinTech. SE Ventures, the corporate venture-building arm of Standard Chartered Bank, operates independently, focusing on areas that complement the banking sector. They have invested in about 25 portfolio companies and launched over 30 ventures in just five years! 🚀 The best approach for startups looking to partner with Standard Chartered Bank is through the SE Ventures bridge application. Patience is vital when dealing with corporates, but the potential rewards are significant. SE Ventures provides support around the business models, tech, and regulations during the incubation stage and continues to offer guidance post-incubation. SE Ventures is particularly interested in startups that can complement the more significant financial services sector, focusing on the digital economy, SME and trade, digital assets, and sustainability and inclusion. They are also keen on Insurtech startups that offer embedded insurance and innovative credit scoring solutions. Harald's advice to startups? Focus on revenue overgrowth and have a clear proposition that can complement the more significant financial services sector. SE Ventures is not just about investment; it's about building a future where the customer is at the center of the proposition and banking is rewired to reconnect with society meaningfully. For startups looking to make a significant impact in the financial industry, SE Ventures could be the partner you're looking for. Renjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/ #SEVentures #CorporateVentureCapital #Startups #FinTech #Insurtech #VentureBuilding #StandardChartered #Innovation #Sustainability #Inclusion #DigitalEconomy #SME #Trade #DigitalAssets
37: Building a Digital Insurance Company in the Kingdom of Saudi Arabia- Preeti Mundhra, CEO of Tree
Here's the podcast drop of our interview with Preeti Mundhra, CEO of Tree 🌳, a digital insurance company based in KSA. Deep dive into the burgeoning Saudi Arabian market, its young consumers, and the impact on the insurance industry. We spoke with Preeti at length on many aspects, including: 💡 the customer insights that went into creating Tree 🌳and how Millennials and Gen Zs are driving the strategy for the company- affordability and flexibility as their top requirements! 🎯how continuously testing new #technologies is critical to keeping up with the 'instant' generation; focus on bringing new ideas into the market yet keeping it simple and engaging for the young #saudis! ⚓ how is it to be owned by one of the biggest insurance brands in #saudiarabia, Tawuniya, and remain agile and 'fiercely independent 🚀 her views on the #banking versus #insurance maturity levels 🧑🏻🤝🧑🏼their sweet spot when it comes to customer segment- the huge middle-class segment that seeks 'value' and Tree 🌳is decoding these 'value maximizers' 🥈 expanding on her top 2 priorities- building a relevant and young team and building an 'invisible' tech stack ⛳ her leadership style and bringing in 'transferable' knowledge from banking, where she spent most of her career in 😎 a fun rapid fire that includes the prominent Deepak Chopra MD (official)🧘🏽♀️And much more! #insurance #insuranceinnovation #insuranceinsights #leadership#banking #ksaRenjit Philip: Newsletter: https://www.onemorethinginai.com Socials: Twitter / X: @renjitphilip LinkedIn: https://www.linkedin.com/in/renjit-philip Vidya Veerapandian: https://www.linkedin.com/in/vidya-veerapandian/
Recommend Channels
Install Castbox APP Now
50,000,000+ Worldwide Audios for Free
Jeff Seid
Insurtech is reshaping the Middle East's insurance landscape, driving innovation and efficiency. Technology facilitates personalized policies, streamlined processes, and enhanced customer experiences. As the region embraces insurtech, the intersection of traditional insurance and cutting-edge technology promises to meet evolving market demands and foster a dynamic insurance ecosystem. https://mobilunity.com/industries/hire-insurance-software-developers/ - more here
Emilia Gray
The conversion of information into digital format significantly speeds up the interaction of various departments, makes the decision-making process short and more visual, which in turn makes it possible to minimize the likelihood of errors in decision-making. In addition, you can always find the best professionals for this purpose here https://devspiration.com/fintech/insurance/
Slevin Kelevra
Oh, that's interesting, and I hope that it'll actually help insurance companies improve their services because it's a challenge to find anything decent nowadays. Well, I managed to discover https://iisinsurance.com/company/ not so long ago, but it took me forever, and hopefully, over time, there will be more companies like that one.