SFA, LIA Singapore reaffirm commitment to insurtechs, fintechs

Both parties will develop talent pool expertise.

The Singapore FinTech Association (SFA) and the Life Insurance Association of Singapore (LIA) have reaffirmed their commitment to accelerate the country’s insurtech and fintech industry.

Under the memorandum of understanding (MOU), both parties will collaborate on the development of the life insurance and insurtech talent pool and expertise through mentorship, reverse mentorship programmes and deep dive workshops.

Both associations will also collaborate on establishing industry-specific reports, market research and whitepaper publications focussed on life insurance and insurtech.

At the MOU signing ceremony, the SFA also launched a whitepaper jointly developed with management consulting firm Oliver Wyman which focuses on emerging trends in insurance and envisions what the future of insurance would look like over the next 10 years and its implications for insurtechs.