While banking and investment platforms rapidly moved to mobile apps over a decade ago, the insurance industry’s transition has been slower. This delay has made it more difficult for the industry to adapt to newer technologies like AI and seamless digital integration. The result is a significant gap—especially visible in areas like personal insuranc…

Governments are some of the biggest buyers of construction services, putting them in a powerful position to shape a more sustainable future. In this episode, Andrew Minson, Concrete and Sustainable Construction Director at the Global Cement and Concrete Association, and Jenny Yan Yee Chu, Procurement Specialist at the Asian Development Bank explore…

Artificial intelligence is starting to play a powerful role in transforming the insurance industry, especially in how companies operate behind the scenes and connect with clients. While many insurers are still catching up to other parts of financial services, they are beginning to use AI to improve productivity, speed up processes, and support empl…

Globally, smallholder farmers account for over 80% of farms and are estimated to produce around one-third of the world's food, but with climate change, economic shocks and environmental degradation to contend with what does the future hold for the people who feed billions around the world? ADBI senior research fellow Dil Rahut and Imtiaz Farhan Bin…

The insurance industry is at a turning point, driven by the rapid advancement of artificial intelligence and digital technology. Traditional models of risk assessment and product creation can be slow and often fail to address the unique needs of individuals and businesses. Generative AI is changing this by enabling insurers to develop products fast…

In this episode of the Asia InsurTech Podcast, Peter Tilocca, Head of Underwriting at NobleOak Insurance, dives into the transformative innovations reshaping the underwriting landscape. From digital tools becoming the baseline to the vast potential of wearable data, Peter highlights how technology and data are streamlining risk assessment and enhan…

If you don’t know what InsurTech is, you should. Listen to global insurance expert Susan Holliday explain how this dynamic area of FinTech is shaking up the industry, and how it can support sustainable development and address Asia and the Pacific’s protection gaps.By Asian Development Bank Institute

The Asia InsurTech Podcast recently welcomed back Dhirendra Mahyavanshi, co-founder of Turtlemint, to discuss the transformative journey of his company and the InsurTech industry at large. We spoke about how the evolution of InsurTech is reshaping the way insurance and financial services are accessed and delivered, particularly in underserved marke…

How can smart ports drive sustainability and development? ADB’s Yesim Elhan-Kayalar and maritime expert Eleanor Hadland explore how AI and other digital innovations are transforming ports, reducing emissions and can help countries in Asia and the Pacific achieve their sustainability goals.By Asian Development Bank Institute

The insurance industry is on the brink of a technological revolution, and Satishwar Balakrishnan, Managing Director and CEO of Bandhan Life Insurance, is at the forefront of this transformation. In this episode, Satishwar shares how generative AI is reshaping life insurance by enabling hyper-personalized customer experiences and supercharging advis…

Australia’s InsurTech scene is a hotbed for innovation. Simone Dossetor, CEO of InsurTech Australia, sheds light on why the country’s collaborative culture and global outlook make it an ideal place for InsurTech startups to thrive. With a single national regulatory framework, InsurTechs can efficiently scale and test new ideas in a manageable envir…

Estimates suggest that only 15% of Asian assets have appropriate coverage for disaster risks. How can these “protection gaps” be filled? Yoshihiro Kawai, Chair of Global Asia Insurance Partnership and Tetsushi Sonobe, Dean of ADBI discuss the issue and how a new joint project aims to increase risk resilience.…

In this episode of the Asia InsurTech Podcast, we explore how embedded insurance is transforming the insurance industry with Nigel Fellowes-Freeman, the CEO of Kanopi. Embedded insurance simplifies the buying process by offering tailored coverage directly within products or services consumers already use, eliminating the confusion of traditional in…

The first World Conference on Creative Economy, held in Indonesia in 2018, paved the way by emphasizing the critical role of creativity in driving economic growth and fostering global collaboration. Join ADBI's James Correia and Sheena Leong explore the transformative power of the creative economy and its potential to shape a sustainable and inclus…

In this episode of the Asia InsurTech Podcast, we dive deep into the entrepreneurial journey of Tetiana George, co-founder and CEO of Curium. Tetiana opens up about the challenges of fundraising and why she chose to walk away from investors who offered terms she found restrictive. Instead of being held back by “handcuffs” that limited her vision, T…

In this episode, we dive into the challenges and opportunities facing the insurance industry with Julien Condamines, co-Founder and Chief Strategy Officer at Novo AI. Julien believes there is an urgent need for change, and he highlights the growing gap between claims payments and premiums, driven by inefficiencies and many other factors. He also be…

In this episode of the Asia InsurTech Podcast, Ronak Shah, CEO of QBE Singapore, shares his 20+ years of experience in the insurance industry, shedding light on its significant impact on people’s lives. He emphasizes how insurance provides a critical safety net, protecting individuals and families during life’s most challenging moments. Ronak’s per…

Climate change is likely to have catastrophic repercussions on human health, with health costs amounting to between $2 billion - to $4 billion a year. Estimates also suggest that the economic burden of climate change could rise to a staggering $54 trillion with just a 1.5°C rise. Join Nitya Mohan-Khemka, director of strategic initiatives with PATH …

Cutting-edge technology alone can’t solve the existing and emerging issues of water resources management. That’s why in this episode of Asia’s Developing Future we delve into the key role culture has in tackling water scarcity, promoting conservation and ensuring successful, sustainable water resources projects. Featuring insights from Yoonjin Kim,…

“I do think AI is going to start to play a bigger and bigger role. Because I think it’s just naturally something, when you start to think about opportunities we talked about with data, AI can be used to produce data, so injecting that within business processes where it could take over some mundane tests, […] The post EP 232 – Navigating Unique Chal…

Join independent science journalist Disha Shetty, recent winner of ADBI’s Developing Asia Journalism Awards, and Suling Lin, senior columnist from The Straits Times, as they discuss the challenges facing journalists reporting on development issues in an ever-changing news environment, and how collaboration with research organizations can amplify th…

Hybrid working is a win-win for employers and employees, says Professor Nicholas Bloom, but why hasn’t it taken off in many parts Asia and the Pacific? The economist from Stanford University shares his thoughts and latest research in a discussion with ADBI.By Asian Development Bank Institute

From machine learning to Blockchain, clean tech organizations are exploring innovative ways to support the adoption of renewable energy sources while also addressing energy poverty. In this episode, Onon Bayasgalan, Chief Sustainability Officer for URECA talks about their project in Ulaanbaatar, Mongolia, that is empowering women-led households by …

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,…

“I feel like there’s a convergence going on. And that’s, that’s with InsurTech and FinTech. And what’s being left behind in the world of InsurTech is increasingly, in my view, core systems, a new generation of core systems. But everything else, like when you talk about embedded insurance, it’s becoming part of embedded finance. And […] The post EP …

“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 […] The post EP 229 – From Legacy to Le…

“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 post EP 228 – Building…

“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 […] The post EP 227 – Revolutionizing Health Insu…

“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, […] The post EP 226 …

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 …

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 n…

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 ecosys…

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 …

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 …

The Asia InsurTech Podcast recently spoke with Dr. Avi Baruch, a co-Founder and COO of Previsico. Avi shared his insights on the important global issue of flooding, emphasizing its far-reaching impacts beyond just financial loss. He described how his journey from academia to entrepreneurship led to the development of innovative flood forecasting te…

Women entrepreneurs make a significant contribution to the Indian economy. However, access to formal finance is a crucial barrier to the growth of women-owned businesses. In this podcast, Renana Jhabvala, the President of SEWA, the Self-Employed Women’s Association, will explain the policy tool that the Indian government has been implementing to fo…

Shaun Quincey, co-founder and CEO of Simfuni, is a self-proclaimed “payments geek” who has dedicated his career to building elegant payment experiences. His initial experience in payments led him to start a successful buy now, pay later business, which was later sold to Latitude in 2019. Driven by a desire to continue to innovate in […] The post EP…

When we wrapped 2022, we did a list of the pod’s top ten episodes. This year was a bit different. AIP split into two shows and birthed a brand new podcast we called InsurTech Amplified to give us the opportunity to cover all of the excitement in the Insurance and InsurTech spaces outside of Asia. […] The post Year End Special 2023 appeared first on…

The Asia InsurTech Podcast hosted Fred Hegner, an expert in life and health insurance claims. Fred’s deep passion for the insurance industry, particularly in the realm of claims, makes for a compelling dialogue. Drawing inspiration from his father’s legacy in the field, Fred shares his unique perspective on the evolution of insurance claims, emphas…

Almost two million households across Central Asia suffer from energy poverty according to the World Bank. The challenges are to maintain and provide infrastructure in rural parts of the region and explore new energy models for social inclusion and just transition.In this podcast, ADBI Senior Research Fellow Dina Azhgaliyeva, Zhanna Kapsalyamova fro…

The Asia InsurTech Podcast was joined by Divyajot Singh, the Principal Product Strategist at Neutrinos. He dove into the topic of democratizing insurance through the use of technology and low-code platforms. Neutrinos is a platform that helps insurers and carriers overcome the complexities and backlogs in their IT departments, enabling them to move…

By 2050, the global number of persons above 65 years old will double to over 1.5 billion, according to the United Nations, and Asia will continue to have the largest share of the world’s aged population.In this podcast, Waseda University Associate Professor, Upalat Korwatanasakul provides an overview of demographic transition and its effects on fis…

The Asia InsurTech Podcast had the pleasure of speaking with Theresa Blissing, the Founder of AIP and the best-selling author of the book “The Future of Insurance Volume IV, Asia Rising”. Theresa grew up in a household with parents who owned an insurance agency, she was constantly surrounded by conversations about the challenges and developments [……

The Asia InsurTech Podcast spoke with Michail Chopra, CEO of Mayfair Group, and unveiled an in-depth exploration of the shifting terrains of the insurance industry, particularly through the lens of technology and empathetic cultural practices. Michail and his team leveraged technological advancements, transforming traditionally cumbersome insurance…

The Asia InsurTech Podcast spoke with Terence Ho, Chief Commercial Officer at Nanoinsure, and delves into the evolution of the insurance industry in Hong Kong, especially its digital transformation. A significant highlight was the development of a self-configuration platform by a bootstrapped company, leading to significant growth in their revenue.…

In this episode of Asia’s Developing Future, Keio University professor Sayuri Shirai, a former Bank of Japan Policy Board member and ADBI visiting fellow, explains the role of central banks in promoting green central banking and climate-related monetary policies in developing Asia.She stresses the importance of improving awareness of financial inst…

The Asia InsurTech Podcast spoke with Mark Simmons, the CEO of bolttech for Europe and Asia, and delved into the changing landscape of insurance and insurtech, focusing on emerging trends in Asia and Europe. Highlighting the concept of “life of the asset,” Mark explains how building services around an asset, be it a car, mobile […] The post EP 214 …

In this podcast, the Asian Development Bank Institute’s Santi Setiawati spotlights Japan’s innovative sanitation and wastewater management systems and the implementation lessons they offer developing countries in Asia seeking to address coverage gaps within the sector.The discussion is based on the ADBI policy brief The Financial and Institutional …

The Asia InsurTech Podcast spoke with Marco Mirabella, the founder and CEO of Ensuro to discuss trends in the insurance industry, parametric insurance, and how blockchain can revolutionize this sector. Ensuro, a blockchain-based reinsurance company, uses cryptocurrency as solvency capital for its parametric insurance products. The company’s blockch…

Economic policy prescriptions for crisis-hit developing countries known as the “Washington Consensus” have boosted prosperity in Asia and beyond but also have been criticized for negatively affecting manufacturing jobs and the labor force in developed countries.In this podcast, Jenny Gordon, Honorary Professor at the Centre for Social Research and …