Stark Group – Disrupting The Insurance Industry Stark Group is a start-up incubator and InsurTech lab that aims at disrupting the insurance industry. Since 2014, it has been mandated by numerous insurance companies, banks, and financial advisory firms to work with them and create better value perception for greater willingness to pay. In a talk with Mr. Matthias de Ferrieres – CEO / Founder at the Stark Group, we discussed the current industry scenario and how Stark Group is empowering the change.
The second is the business model. Stark Group invests only in the profitable business model. Rather than looking at the potentials, the future revenue, the growth, it looks at the hardcore finance: Gross and Net margin, cash flow generation. Most VCs or PE bet on someone, a team, a concept. Stark Group design something that will make little money maybe but money for sure.
![]() Matthias de Ferrieres – A Leader with a 360-Degree Innovative Vision
SINGAPORE, 9 April 2020 –Wellnex officially signed on PFP Legacy as a partner to offer Wellnex membership complimentary to all clients and referrals of PFP Legacy's 200 and counting representatives, allowing them to enjoy exclusive promotions in more than 400 clinics and outlets around Singapore. Wellnex is a HealthTech start-up arm of my-insurer Pte Ltd designed to support the insurance industry and its distributors. It aims at creating greater value perception for prospects and clients of Financial Advisors in Singapore through tangible and impactful healthcare and lifestyle benefits. Wellnex membership benefits include access to:
Despite the perception of the insurance industry in Singapore to be all-encompassing, some gaps are left unfilled. Compared to larger corporations, SMEs in Singapore do not have the advantage of economies of scale, making it challenging for them to afford quality employee medical insurance. Likewise, young children, elderly parents and domestic helpers are commonly uninsured due to costly premiums, age barriers, or pre-existing health conditions, among other reasons. Regine Lai, MD of Wellnex, believes that we all deserve a healthy and fulfilling lifestyle. “It starts by being well protected with the appropriate coverage, before having access to affordable and competitive healthcare, fitness and lifestyle services. Through the partnership with PFP, we are completely in line with the strategy of MOH to provide fellow Singaporeans/PRs and expats with the best value proposition when it comes to prevention and protection.” Jeffrey Chow, CEO of PFP Legacy says, “As a company, part of our mission is to improve the community and contribute to the greater good. Thus, we believe that this collaboration with Wellnex to journey alongside our clients on getting the best of healthcare, by lowering costs and increasing benefits is mutually beneficial.” About Wellnex
Wellnex is a HealthTech start-up designed to support the insurance industry and its distributors. Wellnex aims at creating a create greater value perception for prospects and clients of Financial Advisors in Singapore through tangible and impactful benefits. With 40 over partners, and growing, in healthcare, lifestyle, food and beverage, fitness and wellness, Wellnex is the first and leading company in Singapore that helps the Insurance industry to offer peripheral services, assists Financial After 6 months of discussion, Insurance Market Life is ready to generate business and partnered with 5 insurers: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. My-insurer Pte Ltd founded through Stark Group has partnered with key strategic partners to offer affordable and reliable Healthcare services to its users! It will be done through the new app called Wellnex Fullerton Health, the leading and most reliable Healthcare Network in Singapore, Gymmboxx and its 6 Fitness Centers and many other merchants joined to offer the best deals through a new app that can be downloaded for free Matthias de Ferrieres, Founder and CEO of My-Insurer Pte Ltd designed Wellnex as he believes that all deserves a healthy and fulfilling lifestyle . It start by having access to the best healthcare and risk prevention advice. 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. |
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