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Singlife Connect’s purpose is to develop scalable marketplace solutions that revolutionize insurance distribution. Singlife explained that it will leverage its expertise to provide insurtech-specific technology integration opportunities and create growth opportunities for the insurtech ecosystem.
Successful applicants to the Accelerator Program gain access to Singlife’s product range and insurance areas. These businesses will be able to find customers faster with personalized guidance. Singlife Connect also aims to provide regulatory and compliance support to help companies effectively execute their go-to-market strategies.
The program will support up to eight early-stage InsurTech startups. The program also has the ambition to evolve its operating model in the future to support start-ups with more complex needs.
Varun MittalGroup Head of Digital and Ecosystems at Singlife with Aviva explained the purpose of the program. Mital said: Through strategic partnerships with insurtech start-ups, we hope Singlife Connect will provide insurtechs with the right tools and platforms to grow with confidence and optimally impact their customers.
Singlife merged Aviva Singapore Recently announced in 2020 Plan to migrate your entire information technology infrastructure Amazon Web Services The move aims to improve Singlife’s digital capabilities and meet consumer demand for highly personalized digital financial services. This transition also supports Singlife’s Environmental, Social and Corporate Governance (ESG) goals.
Prior to its merger with Aviva Singapore, Singlife built a digital-first service model on AWS to support consumers in Singapore and the Philippines. Singlife is now shutting down its on-premises data center and moving Aviva IT workloads to his AWS. AWS cloud services power all of Singlife’s user interfaces and improve the consumer experience for its over 1.5 million customers.
Romil SharmaGroup Head of Technology and Operations at Singlife with Aviva commented on the decision to go digital. he said: His cloud-first strategy with AWS allows him to stay true to his digital-first tradition, harnessing the full potential of technology to benefit consumers.
Our upgraded data analytics capabilities put us in a unique position to deliver highly personalized experiences to our consumers and empower them to confidently achieve financial freedom on their own terms. “
