The financial services company Singlife with Aviva, based in Singapore, has introduced Singlife Connect, an accelerator programme designed to help and promote the development of InsurTech start-ups.
Varun Mittal, Group Head, Digital & Ecosystems, Singlife with Aviva, said, “Customers are evolving and InsurTechs have to enhance their offerings. Through strategic partnerships with these start-ups, we hope that Singlife Connect will provide the right tools and platforms for them to grow with confidence and serve their customers with optimum impact.”
To innovate and transform insurance distribution, Singlife Connect will concentrate on creating scalable market solutions. Singlife will make use of its experience to offer chances for technical integration to develop the InsurTech ecosystem.
From ideation to strategy and implementation, successful applicants will gain access to Singlife’s suite of products and insurance verticals as well as personalized mentorship. Quicker client discovery will be possible as a result and required regulatory and compliance support will be provided for them to successfully implement their go-to-market strategies. The initiative will initially help up to eight early-stage InsurTech start-ups, with ambitions to evolve its operating model in the future to serve start-ups