Another incredible milestone for my-insurer!
Less than few months ago, my-insurer reported hitting over 10,000 policyholders and set ourselves what we thought was an ambitious goal of reaching a new milestone of 20,000 policyholders in 200 days. We are now pleased to report that we’ve done it in a fraction of that time and acquired an additional 10,000 policyholders in under 4 months!
We’ve been working tirelessly on bringing more creative and relevant developments, and getting our users more engaged, which ultimately should be good news for my-insurer as a whole. As a result, a much higher proportion of the intermediaries, policyholders and leads are more involved.
These are some of the developments we have embarked on since the beginning of the year:
April 2019 Release
March 2019 Release
February 2019 Release
January 2019 Release
After the blockchain last week, today we’re diving in the Insurtech industry. Matthias de Ferrières, founder and CEO of the Stark group tells us how he started his companies and what it means for him to be an entrepreneur.
Matthias, tell us more about yourself?
I founded my first company when I was 16. It was a community of Lego fans and we were organizing events on weekends. It was really fun and I learned a lot! But I sold it after a year to go back to my studies.
After that I worked for Arthur Andersen for about a year and then I wanted to learn english so I decided to move to Australia. I did several jobs there and I finally got a lawyer degree.
I then moved to Singapore to work for Axa. I started as a intern, and I ended-up as their CMO when I left.
What are you doing now?
So in 2013, digital was starting to boom and we had a product to acquire customers online. I decided to take it and built a company around it, this is how Stark Group started. Today the group has 3 businesses:
It is a marketing platform for insurance intermediaries
What does it mean for you to be an entrepreneur?
The challenge is that the insurance business is not interesting or sexy for anybody. To me this is a great opportunity as an entrepreneur.
I’m convinced that you need experience anyways, whatever the business you’re in. Entrepreneurship is really about knowing your industry inside out and understanding its needs and risks. Today my company works because I spent 15 years working like crazy in a company in this domain. You need 3 things:
What are you objectives in the coming months?
Today I’m very focused on MyInsurer. I have always bootstrapped my businesses and Stark Group has invested SGD400K in MyInsurer, but now is the time for us to raise more funds and hire different types of profiles.
I am very pragmatic: I know I am very good at knowing which products to build and how to sell them, but I need the right profiles to help use on other aspects. Our plan is to raise funds in September to be ready to deploy later in the year.
Your CPF account and calculator is now available on my-insurer both for intermediaries and policyholders to determine the following:
Digitalising Financial Advisers