After 6 months of discussion, Insurance Market Life is ready to generate business and partnered with 5 insurers:

1. SingLife
2. AXA
3. AVIVA
4. Tokio Marine
5. China Life

Insurance Market Life will recruit a new breed of Agents and FAs driven by customer services and customer satisfaction rather than productions!
No KPIs but being and remaining compliant.

WE INVITE FAs TO REDISCOVER WHY THEY CHOSE TO BE A FINANCIAL ADVISOR IN THE FIRST PLACE!
​Keep advising your clients on their financial needs while managing personal commitments in total independence ​ Appreciate the professional fulfilment in helping people while earning an additional income in full compliance ​

Wellnex launches its first campaign to support its financial advisors!
Quick designs, quick video, Wellnex tries to explain how things work and why the value proposition is unique! 
Go and check out!
Any new advisors are welcomed! 
Click here

Stark Group is very proud to see the enthusiasm of the financial advisory industry. In less than a week My-insurer has been able to embark more than 30 Life agents into the Wellnex journey.
With more than 60 features that help FAs to generate leads smartly and seamlessly, the start-up has been able to really find the right way to support them.

Wellnex assists them to collect more than 51 data points from leads. 
They can design their own questionnaires through the platform
They will collect 6 data points in 1 minute, 45 data points in 4 minutes and 96 data points in 9 minutes ​​ 

They can share personalised reports on the spot and generate a compliant & formal KYC/FNA, as well as advices & recommendations in real time. 
All in compliance with MAS. ​

All the payment will be managed through the e-wallet of Grab - GrabPay - that has been integrated. 
Now members can go to visit doctors for as low as SGD12, dentist for as low as SGD50... It is a first in Singapore. 

Recognizing Stark Group and its leadership as part of the best professional in the industry make his CEO and founder, Matthias de Ferrieres very proud and honoured. 
The insurance digitisation is not yet at his full pace, yet, Matthias de Ferrieres believes that such support and encouragement sent by the industry to small start-ups like my-insurer or Stark Group, demonstrate the willingness to move faster and better. ​

Full post:
​https://frenchtech.sg/author/thibautbriere/

After the blockchain last week, today we’re diving in the Insurtech industry. Matthias de Ferrières, founder and CEO of the Stark group tell sus 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:

• Insurance republic

The company is mandated by banks or insurers to design their products, from the customer journey to the pricing, etc.). Most insurers today are focused on compliance, legal and risk, not really the product design itself sor we’re filling this gap.

• MotorDBS

In partnerships with DBS we’ve built the first price comparison engine for motor insurance

• MyInsurer

This one works extremely well and takes most of my focus at the moment. 
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:

• Know the industry
• Understand and evaluate the gaps
• Know how to potentially fill them.

By the way, it is probably the next challenge of the entrepreneurs ecosystem in Singapore. The whole environment here is still young. It’s dynamic but it lacks experience and structure.

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.