Singlife and Microsoft Supports Budding Insurtechs to Adopt Generative AI – Fintech Singapore

Homegrown financial services company Singlife has partnered with Microsoft to support high-growth insurance startups to adopt generative artificial intelligence (AI).

Singlife will work with Microsoft to identify startups for Singlife Connect Plus (SCP) programme, an advanced version of the Singlife Connect (SC) accelerator and venture building programme.

The SCP programme focuses on developing scalable solutions for insurance distribution and offering personalised mentorship as well as access to Singlife’s products and insurance.

In addition, the programme aims to support eight insurtech startups and provide regulatory and compliance support to execute their go-to-market strategies.

The startups identified by Microsoft will receive technical guidance, execution support, and workshops on applying Generative AI in their solutions, access to Microsoft Founders Hub and organisations like OpenAI, LinkedIn, and Github; and be nominated for the Microsoft Pegasus programme.

Michael Smith Jr.

“Generative AI can be very impactful for startups, particularly companies with an early adopter’s mindset, as it infuses innovation, giving them a competitive edge.

We’re seeing a number of best practices among our Microsoft for Startups Founders Hub members, and we look forward to identifying high-growth insurance tech startups in ASEAN with Singlife,”

said Michael Smith Jr., General Manager for Startups in APAC, Microsoft.

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• Source: https://fintechnews.sg/75986/ai/singlife-and-microsoft-supports-budding-insurtechs-to-adopt-generative-ai/