About PRU Fintegrate Partnership

Let's chart the future of insurance, together!

The PRU Fintegrate Partnership is Prudential Singapore's flagship innovation programme for FinTech, InsurTech, HealthTech and MedTech scale-ups around the world.

In 2018, we have identified opportunities for collaboration in 10 rapidly-growing areas where we see tremendous untapped opportunities to innovate with the right partners.

We invite you to submit a solution to any of our problem statements and join our ecosystem of partners.

What's New in 2018

This year, scale-ups can take part in the programme through 2 new categories. Besides entering individually, they can:

  1. Enter the Team Challenge to design a complete solution – we encourage scale-ups to collaborate with each other to develop a complete and comprehensive solution that will address any of the ten problem statements.
  2. Explore the unknowns through our Open Challenge – Is there a problem that we have yet to identify and recognise? We encourage companies to come to us with a problem that they see in the insurance industry, along with a proposed solution.

Overview

Programme Structure

Registrations closed


Problem Statements

Building for the Digital Future

Instant Underwriting, Quotation and Policy Issuance
How can we use data-driven automation to simplify and initiate instantaneous underwriting, quotations, collection of premium and policy issuance, while maintaining prudence and enhancing customer experience?

Straight-through Processing of Claims and Payment
How can we build a system that expedites the claims process, requiring minimal human intervention and allows instantaneous claims payments?

Claims Analysis for Fraud Detection and Early Intervention
How can we better access and evaluate historical and real-time data for fraud detection, predict future claims and potential early intervention opportunities?

Engaging Customers Beyond the Initial Transaction
How can we engage customers beyond the initial transaction to create regular and valuable exchanges between them and their financial consultants; ensuring that financial consultants are well equipped with real-time information on their clients’ changing needs over their lifecycle.

Compliance and Regulation
How do we utilise technology to adhere to the ever-changing regulatory landscape and streamline our internal compliance and legal processes?

Helping People to Live Well

Increasing Healthy Years for Customers
How do we detect diseases early, intervene at the right time and provide community support to customers with pre-existing conditions and use technology to improve their health?

Making Protection Critical
How do we make Protection coverage more inclusive, identify and target under-insured customers?

Financial Inclusion
How can we better help lower-income customer segments fulfill their insurance needs?

Integrated Healthcare Information
How can we empower customers to have access to their own health records from across various providers and with the customer’s consent, use this information to develop personalised insurance products and solutions?

Enabling Businesses to Thrive

Facilitating Insurance Needs of SMEs
How can we encourage SMEs to make informed risk assessments based on their industries and make decisions concerning adequate insurance to cover their liabilities while also keeping their employees engaged?


Open Challenge

Is there a problem that we have yet to identify? Come to us with a problem, along with a proposed solution.

Who Can Apply?

PRU Fintegrate is open to scale-ups from around the world which share Prudential's commitment to reimagining insurance.

Prudential will collaborate with scale-ups with a proven track record in creating solutions that can be applied at scale and speed. Other participation criteria include a valid product set, an existing customer base and secured funding.

Participating scale-ups will be assessed based on their ability to put forward a value proposition that meets business needs, technical and commercial considerations, and market opportunity.

INNOVATION CHAMPIONS

What do you do at Prudential?

Working to have Prudential lead in Customer Excellence.

What problems in the world do you want to solve?

Make the experience of engaging with Prudential simple and memorable.

What is your biggest innovation lesson?

Human Empathy drives the passion and resilience to fuel innovation.

What do you do at Prudential?

Making ideas happen rapidly.

Define innovation in 5 words.

Breaking new grounds with simplicity.

How are you innovating to help everyone live well?

Making connections between businesses, to realise all potential, creating a ripple effect for everyone involved.

What do you do at Prudential?

Making everyone an innovation champion.

Who are your innovation influencers?

The entrepreneurs that have disrupted traditional industries and are creating new industries.

Define innovation in 5 words.

Change that adds value.

What do you do at Prudential?

Empowering employees with emerging technology.

What is your biggest innovation lesson?

You are never too old to embrace new ideas.

Define innovation in 5 words.

Achieving better outcomes via simplicity.

What do you do at Prudential?

Creating awesome digital experiences.

Define innovation in 5 words.

New or better way of doing something that creates value.

How are you innovating to help everyone live well?

Transforming IT to delivery 10X the Digital innovation.

What problems in the world do you want to solve?

Renewable energy, Plastic use reduction, World Poverty.

What is your biggest innovation lesson?

Innovation exists everywhere and in everything we do down to the smallest things.

How are you innovating to help everyone live well?

Bringing exciting digital and spatial experiences closer to people.

What problems in the world do you want to solve?

Social problems through sustainable business solutions.

What is your biggest innovation lesson?

Ideas are the beginning. Execution is key.

Define innovation in 5 words.

Try. Fail. Learn. Improve.

What do you do at Prudential?

Improving service experience through innovation.

Who are your innovation influencers?

Richard Branson and Elon Musk.

What problems in the world do you want to solve?

Lack of education and poverty.