Vlot's Schmidheiny to Pitch Insuretech Startup's Potential in $309 Billion Insurance Premium Hotspot
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Daniel Schmidheiny, COO and co-founder of Swiss life-insurance software-maker vlot, travels to Hong Kong next month for the Venture Leaders Fintech roadshow. The Asia-Pacific region has seen $309 billion in premium growth during the last five years.
The complexity of modern social security systems is compounded by citizens having more dynamic employment and family lives. Understanding their own life insurance needs has become a big challenge. Vlot's software evaluates a family’s or individual's life insurance coverage needs and helps financial institutions advise them better.
How is vlot changing life insurance?
Today's social security systems have become more complex and less transparent for the end-user. At the same time the advisory workflow for risk life insurance remains a largely manual and inefficient process. Vlot leverages a technology suite to deliver impactful advice, create valuable leads and unlock untapped revenue streams. By digitalising the processes and democratising the underlying knowledge, vlot reduces the distribution pain in risk life insurance, while boosting the efficiency of all parties involved.
How important is it to be in south-east Asia?
The Asia-Pacific region has had continuous and substantial growth in the risk life insurance sector in the last five years. Nearly 70 percent of global premium growth - or $309 billion - is attributed to the region. Vlot wants to be at the forefront, serving these markets with the digital tools and advisory processes to benefit everyone along the value chain.
What do you hope to achieve from the Venture Leaders Fintech 2019 roadshow?
We've been growing our business in Switzerland and Europe, now we’d like to see how our value proposition fits the insurance landscape in Asia. I'm keen on meeting investors and other potential clients at insurers, banks and large corporates.
The Venture Leaders Fintech roadshow 2019 to Hong Kong is organized by Venturelab and swissnex China and supported by digitalswitzerland, EPF Lausanne, ETH Zurich, IMMOMIG, PostFinance, Redalpine, Walder Wyss and Canton of Zurich.
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