Global reinsurer company Swiss Re plans to launch a fintech startup
accelerator in July, touted to be the India's first to focus
specifically on ventures within the insurance sector. "Approximately 25%
of our revenue comes from emerging business markets. From an
insurance tech perspective, India will be a very strong focus for us
this year," said Jason Richards, head property and casual business
management at Swiss Re.
The company plans on providing non-equity
based grants to the selected startup and will evaluate early stage and
venture based startups.
According to Alok Kumar, managing
director at Swiss Reinsurance company, three core themes will define
their selection of fintech players.
From Internet of Things based
sensors and machine devices to systems of engagement, which include
robo advisory systems such as artificial intelligence driven bots, and
smart analytics, where deep learning will be leveraged for creating
predictive systems, underwriting claims and fraud management.
Source: http://tech.economictimes.indiatimes.com/news/startups/swiss-re-plans-to-launch-a-fintech-startup-accelerator/52035372
