Welcome to TDI's first LinkedIn monthly newsletter! Our aim is to inform, entertain, and be a useful input as you explore the world of digital insurance. We have designed it with sections so you can easily dip in and out and get what you need.
We will evolve as we go along and welcome your feedback, suggestions, and encouragement as always. Help us to spread the word, and feed the LinkedIn algorithm, by subscribing (button at the top), sharing, commenting and liking!
We have structured the newsletter into five sections and aim to keep this the same each month.
①News & Views
②Coming Up - Events & Awards
③Newswire X5
④InsurTech Map of the Month - Africa
⑤TDI Updates
We have used 🔥 as the section divider to make it easier to navigate.
So, here we go...
🔥①News & Views
Health ecosystems coming out to party? Amplify Health is a JV between AIA and Discovery. OK, so this was announced in February, but as this is our first LinkedIn newsletter we thought it was worth a call out. Why? Sceptics abound on the success of AIA Vitality but slowly and surely AIA has been building up a competitive advantage throughs its early adoption of the model. The JV announced has AIA in the driving seat with 75% equity outside of Greater China. Read the press release for more info.
Amplify Health is the natural next step in our journey from payor to partner, enabling us to play a leading role in shaping the transformation of the development and delivery of healthcare in Asia
Lee Yuan Siong, CEO, AIA
Are InsurTechs overvalued & overhyped? There has been an interesting debate on this topic over the last few weeks with a clear divergence of opinions. Lemonade overhyped? Root valuations coming down to earth? Matteo Carbone performed a detailed analysis, which lead to considerable debate on LinkedIn. My personal view - don't get distracted by the gyrations in valuations but focus on the long-term business model potential that may take a decade or more to reach full potential - but there is definitely a solid counter argument that has merit. And do note the excellent Vitality Drive example in the analysis (Discovery again!).
TDI Library report of the month:BCG - What the insurance workforce wants. This is a timely and comprehensive review and survey of the insurance workforce. The insurance industry is starting to realise it needs to embrace diversity, inclusion, and a more open, agile culture and leadership style. The survey highlights that insurance staff are worried about automation and the possible loss of jobs. Insurance leaders need to be clear they are willing to, and will invest in taking as many people as possible into this digital age.
On-demand webinar to watch: Helping InsurTechs secure the right funding. An excellent panel superbly moderated and I particularly enjoyed Ben Quinlan's "best practice" framework for a pitch deck - something everyone who has to pitch a business case should take a look at.
Podcast to listen to: Checkout the AIP /TDI monthly roundup podcast for Asia for March where we covered Bolttech, Swiss Re, Income and more. Key Asia InsurTech updates in 30 mins!
InsurTechs in Action: Congrats to Democrance on being one of 12 finalists at the Zurich Innovation Championships 2021 announced last week. Democrance works with insurers in emerging markets to enable digital first business models - See the InsurTech Analysis we released recently.
For more InsurTech analysis check out the complete In Action library
👉🏼Want to help shape and inform our editorial coverage? Contact our TDI Editor - Martin Kornacki
🔥②Coming Up - Events & Awards
A quick overview of TDI events and awards activity coming up over the next six weeks:
Events - Free to sign-up, and virtual unless indicated otherwise
Each month we will cover the events TDI is producing or involved in that you can join by clicking on the link:
Women In Tech Meet-up:26th May: The launch of a much needed community with a superb CEO panel and excellent guest speaker. Heads up - we will launching the TDI Academy scholarship at this event as well!
ITC Asia 2022 (Paid & In-Person): 7-9th June: TDI are partnered with ITC to support ITC Asia on their first physical event in Singapore. Let's get back to face-to-face events! Note, you can also get more info, and a discount code, at the meet-up on 12th May.
The World’s Digital Insurance Awards 2022 - updates
Look out for Finalists for APAC: to be announced in mid-May. Register for the APAC finals and vote for the insurtech and insurance innovation winners (registration is open to all and free).
European Insurance Innovation Awards - applications are now open: Calling for applications from InsurTechs and Insurers. More info
The TDI Newswire curates links in digital insurance from multiple sources around the world and we publish 10 news item on the site each day. Here are the Top 5 for April that caught my attention:
Check out the complete April TDI Newswire. The Newswire is 100% attributable and linked to source journalists and publications, who provide excellent coverage on digital insurance
🔥④InsurTech Map of the Month - Africa
TDI has created the World's Largest InsurTech Database with more than 4,000 InsurTechs listed. Our map of the month is Africa created in partnership with the Africa Fintech Network. Remember our maps our dynamic - you can click through on each logo once the map is open.
🔥⑤TDI Updates
A quick summary of what's going in at TDI:
TDI Connect
TDI Connect is a Global community. We are in beta mode - so far 11 local communities launched with over 1,000 members. It's open to all and free for life - and all housed within a single login.
We have also launched specialist communities. Join our Peoples Champions Community if you are interested in people transformation or our Women In Tech Community that supports women working in digital insurance and InsurTech.
Partnership with the Malaysian Insurance Institute: TDI Academy programmes are now eligible for HRD Corp. More info here
ADI programme - next cohort starts on 11th May: Last call if you would like to join our next cohort, the 8th on ADI, which is our virtual “mini-MBA” on digital insurance. Programme commences on 11th May. Programme brochure here
People Champions is our community on TDI Connect for senior leaders interested in the people transformation agenda for a digital age. Sign up
Check out the testimonials: We are proud of the difference the TDI Academy is making around the world, and with more than 100 testimonials from participants we have launched a new testimonial page
Did you know that in Asia ecosystem orientated InsurTechs are the largest category, while globally it is price comparison sites?
The TDI InsurTech Directory is a free to use database that allows you to find out more about 4,000+ InsurTechs. InsurTechs present their propositions in fun and convenient interactive 'digital booths'.
Try out the TDI Academy - either personally or for your company to accelerate its digital culture, as well as provide new skills and insights.
Can we help you to achieve some of your corporate objectives? Want to build awareness of your corporate activity? Get in touch with any of the team directly or here to see how we can help.
👉🏼Help us to help you! Last but not least, if you can spare three minutes, give us your structured feedback in this four question survey.
SVP, Chief Information Technology Officer @ Prudential Vietnam
2yThanks, Hugh Terry The Digital Insurer for the useful contents!
Head - Customer Experience
2yThanks Hugh Terry The Digital Insurer Great effort.
Managing Director at ASSETtrac Ltd
2yUseful hub Hugh, enables us to go straight to the latest initiatives that interest us!
Deputy CEO | Big Data & AI | Shaping the Future of Insurance
2yThis is undoubtedly the single most valuable digital insurance resource in the World!! 😎
Head of Life & Health Digital Business Accelerator at Hannover Re
2yLoving the monthly round up, thanks Hugh 😊