SG Digest: Plug and Play forms partnerships; Prudential launches startup programme

Photo: Reuters

Silicon Valley-based startup accelerator Plug and Play has partnered with MSIG Insurance and TVS Credit Services Ltd for its Singapore programme. At the same time, Prudential Singapore has also launched the second edition of its PRU Fintegrate Partnership 2018.

Plug and Play forms partnerships

Silicon Valley-based startup accelerator Plug and Play has partnered with MSIG Insurance and TVS Credit Services Ltd for its insurtech and fintech platforms in Singapore, it said in separate announcements on Monday.

MSIG Insurance will become a founding anchor partner of Plug and Play’s Insurtech platform in Singapore, complementing the insurer’s digital transformation journey, improving operational efficiencies and encouraging innovation culture in the region.

While India-based TVS Credit Services will be the ecosystem partner of the accelerator’s fintech programme in Singapore in order to partner, pilot and collaborate with emerging fintech startups. The focus areas include but are not limited to underwriting, customer acquisition, and people management.

Launched in Singapore in 2010, Plug and Play has since invested in more than 30 startups and collaborated with various Singaporean and Indonesian government agencies as well as multinational and regional corporations to run industry-specific accelerator programmes.

Prudential SG launches startup programme

Prudential Singapore announced the launch of the second edition of its digital innovation programme, PRU Fintegrate Partnership.

The insurer has identified 10 focus areas including preventive healthcare, enterprise solutions, customer engagement and underwriting. The final group of successful partners will be invited to showcase their solutions at the 2018 Singapore FinTech Festival and start a full-paid pilot programme of their solutions in 2019.

“PRU Fintegrate is about charting the future of insurance. This means creating truly great customer experiences, working smarter and complementing the efforts of our financial consultants to provide customers with valuable advice and solutions in meeting their changing needs,” said Prudential Singapore’s CEO, Wilf Blackburn.

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