Congratulations to our Singapore Insurtech Batch 5 Startups for completing their batch with us! These startups are providing unique business models and solutions to the regional industry - tapping on focus areas such as Digital Insurance platforms and Digital Brokers, AI Claims, Underwriting, Marketing, Marine Cargo, and Automation and New Products.
The 10 startups are from France, the United States, Hong Kong, the Netherlands, and India.
Zopper - Zopper protects your favourite possessions by providing extended warranty and damage protection plans on a wide range of home appliances, smartphones, and other electronic gadgets. Zopper is a full stack insurtech company that provides life care for electronic appliances and consumer durables. Zopper has partnered with more than half a dozen insurers to create industry-relevant warranty and device protection plans in the consumer durable and mobile devices space.
YAS Insurtech - Headquartered in Hong Kong with operations in Vietnam is a blockchain and OpenAPI-powered microinsurance marketplace. They understand the enormous opportunity in creating new customer segments for the industry by designing new microinsurance products and experiences for the evolving generation. YAS recently launched the world’s 1st microinsurance “NFTY” to insure NFTs (Non-Fungible Tokens); and subsequently launched “RYDE with YAS”, an on-demand GPS triggered passenger protection. YAS is raising its seed round and in discussion with various insurers, re-insurers, and conglomerates in the region planning for expansion in the region.
Unqork - Unqork works with financial services and insurance companies to radically accelerate policy issuance and account opening. Unqork accepts orders for new business policies, account openings, mortgages, complex financial products from all sources. We clean up and validate the input, augment the order with external data sources, and deliver a clean application to the insurance carrier or financial institution. Bind policies and open new accounts in record time at significantly reduced costs and increase sales.
Digital Insurance Group - As Digital Insurance Group we are an insurtech partner to some of the biggest insurance groups in the world (e.g. Zurich, Prudential) and their distribution partners (banks like Santander or Deutsche or Telco’s). We help them grow their business by adding new sales channels (direct online, bancassurance, embedded) or launch new service propositions e.g. on wellbeing (Vitality) or mobility (telematics). With our 10 years of experience in insurance and technology we have built a product that results in a fast time to market and high conversion due to a great customer experience. Our product is a low-code front-end solution that is connected with our proprietary API middleware.
Ignatica - Ignatica is a Hong Kong-Swiss startup that provides a revolutionary insurance product admin platform that is transforming the conservative and inefficient insurance industry. We are creating a diverse, digitally connected ecosystem enabling our clients to offer their customers multiple niche products based on real-time demand.
Skan.AI - Skan.AI is a cognitive engine that leverages computer vision and machine intelligence to help enterprises map, model and manage business processes. Skan observes ad hoc work at scale and from the digital traces of human work identifies hidden process variants and creates a digital process twin.
Monk.ai - Monk.ai is a software solution that evaluates a vehicle's condition based on its visual aspect thanks to AI and computer vision.
MirrorMe - MirrorMe provides workflow and process automation tools for commercial and personal lines of property and casualty insurance. Our self-service platform provides Do-It-Yourself (DIY) claim reporting and inspection tools to customers and service providers, delivering efficiency and transparency to claims, underwriting and risk/loss control.
Safekeep - Safekeep's Claimflo is the industry's most advanced subrogation and recovery platform, designed by recovery professionals from leading carriers. We leverage AI, NLP, and our regulatory rules inventory of over 4,000 business rules to scan claims files across all categories of insurance, predict recovery amounts, and pursue dollar recoveries - making 'no dollar left behind' a reality for carriers and policy holders.
AKUR8 - AKUR8 revolutionizes insurance pricing with transparent AI based on proprietary algorithms, combining the actuarial approach with machine learning techniques.
To know more about our Insurtech program in Singapore, click here.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 30 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 30,000 startups and 400 official corporate partners, we have created the ultimate startup ecosystem in many industries. Companies in our community have raised over $9 billion in funding, with successful portfolio exits including Danger, Rappi, Dropbox, Lending Club and PayPal.
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