The new accelerator program Singlife Connect will work with early-stage insurtech startups that have a foothold in the Singapore market.
Singapore-based financial services company Singlife with Aviva has launched Singlife Connect, an accelerator program to back the growth of promising insurtech startups, according to a company release.
Singlife Connect focuses on developing scalable market solutions to innovate and transform insurance distribution. Singlife will leverage its expertise to provide opportunities for insurtech-specific technical integration to create growth opportunities for the insurtech ecosystem.
Providing the Right Tools
«Customers are evolving and insurtechs have to enhance their offerings. Through strategic partnerships with insurtech startups, we hope that Singlife Connect will provide the right tools and platforms for insurtechs to grow with confidence and serve their customers with optimum impact,» said Varun Mittal, group head, digital & ecosystems at Singlife with Aviva.
With access to Singlife’s suite of products and insurance verticals as well as personalized mentorship, Singlife Connect applicants can benefit from quicker customer discovery and receive the necessary regulatory and compliance support to effectively execute their go-to-market strategies. The program will initially support up to eight early-stage insurtech startups, with plans to evolve its operating model in the future to support startups with more complex needs.
