Allianz Launches Asia Lab in Singapore

  • First dedicated digital space for Allianz in Asia Pacific
  • Lab to develop innovative customer propositions in healthcare, mobility and smart city-living
  • Asia Lab established with support from Monetary Authority of Singapore (MAS)

Singapore, 25th May 2016 -- Allianz announces today the launch of its Asia Lab in Singapore, a first for the global financial services group in the region. The lab seeks to harness digital innovation and advanced analytics to deliver intuitive solutions for Allianz’s 18 million customers in the region.

With a starting team of 10 technology specialists and data scientists, the Asia Lab will focus on developing innovative customer propositions in the areas of connected healthcare, mobility and smart city-living. It will work closely with Asian startups, enterprises and institutions to share insights and expertise, as well as incubate and develop market concepts and prototypes.

Established with the support of the Monetary Authority of Singapore (MAS), the lab showcases Allianz’s global strengths in digital strategy and commercial access, while leveraging Singapore’s business infrastructure and ecosystem to create best-in-class experiences for Asian customers. It will also serve as a link to the well-established networks of innovation and data-science teams Allianz operates worldwide, localizing future-ready digital propositions for regional markets.

The team will sit within Allianz’s regional headquarters in Singapore’s Asia Square – an integrated approach to foster deeper collaboration with business teams and drive seamless adoption of next-generation ideas.

Asia Lab - Allianz and MAS team
George Sartorel, CEO, Asia Pacific

George Sartorel, Regional CEO, Allianz Asia-Pacific said, “Customer centricity stands at the heart of everything we do, and technology presents an incredible opportunity to empower the customer experience. The Asia Lab will enable Allianz to redefine our customer proposition and address the evolving needs of Asian consumers.

The Asia Lab also anchors us right in the hub of regional innovation. We value the support from the MAS in this initiative, and aim to collaborate and work closer with Singapore’s fintech community ahead.”

Leong Sing Chiong, Assistant Managing Director, Monetary Authority of Singapore, said, “The Asia Lab will directly contribute to MAS’ strategy to pursue innovation-led growth, and reaffirm Singapore’s position as a leading insurance market. Allianz’s initiative will help to provide cutting-edge insurance solutions for Asian consumers, and deepen Singapore’s innovation ecosystem. We look forward to continued collaboration with Allianz, and to supporting their digital initiatives.”

The launch of the Asia Lab underscores Allianz’s firm commitment to Singapore and the fast-growing markets in this region. Singapore is home to Allianz’s regional head office, from where it services 14 markets across life and health insurance, property and casualty insurance and asset management.