’At Tapoly, our commitment to revolutionising insurance aligns perfectly with this initiative,’ says chief executive
Managing general agent (MGA) Tapoly has said it is set to ”propel” business growth after being selected to participate in EY’s Fintech programme.
Janthana Kaenprakhamroy, founder and chief executive of the MGA, told Insurance Times that collaborating with EY would help it enhance efforts to address financial challenges and develop new solutions.
EY’s Fintech lab is a six week programme that allows for business ideas to be tested.
It consists of a series of workshops and networking events for scaling fintechs – this includes insurtechs as the sector is a subset of fintech.
”At Tapoly, our commitment to revolutionising insurance aligns perfectly with this initiative,” Kaenprakhamroy said.
”Collaborating with EY will undoubtedly enhance our efforts to address critical financial challenges and develop solutions that not only serve underserved freelancers but also propel our business growth.
“I’m excited that Tapoly has been chosen. This is an excellent opportunity to participate in a program focused on accelerating innovation in the financial sector.”
’Deep commitment’
Around 20 startups are taking part on the programme this year.
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Chris Woolard, EY’s Europe, Middle East, India and Africa (EMEIA) financial services regulation leader, said his firm had a ”deep commitment to fintech”.
“Our current season in the lab is focused on generative artificial intelligence and part of this is identifying the highest value use cases and applications of gen AI across the insurance sector,” he told Insurance Times.
”The lab works in seasons, with each season bringing together new fintechs and other collaborators such as established banks, asset managers and insurers looking to solve a specific challenge, through test-and-learn experimentation and fast prototyping.
”We recently established a fintech growth program to provide scaling fintechs and insurtechs the tools, resources and networks to take their companies further.”
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