Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

VIISA Investment Day #5 - SaveMoney


Published on

SaveMoney provides a full insurance service provider who combines an innovative insurance platform technology with high-quality brokerage advisory. SaveMoney's solution is a highly flexible and highly scalable digital insurance platform with an integrated B2C advisory process using Big data, giving the possibility to design, implement and roll-out existing and new insurance services within 3 months.


Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

VIISA Investment Day #5 - SaveMoney

  1. 1. 1
  2. 2. 90% of Vietnam population does not have voluntary / commercial insurance PROBLEM CHALLENGE Accessibility Understandability Products are not flexible and are not designed for mass Manual process Low conversion 2
  3. 3. SOLUTION Affiliate marketing with Telcos, Banks Automatically Premium Collection Personalization product using Big data Fully digital insurance process Cloud technologyData Integration 3
  4. 4. HOW WE WORK? Telecom Big Data Insurance Agent Insurance Cloud Telco productBank SMS web link/ app Telesales Subscribe20% insurance subscription Platform fees 4
  5. 5. MARKET OPPORTUNITY Source: Insurance Association of Vietnam (IAV) Growth rate per year Life > 30% Nonlife > 15% AFTER 10 YEARS Estimated Premium USD 100 billion Market Size USD 10 billion 5
  6. 6. BUSINESS MODEL 20% per insurance product sold Subscription fee +$1,500/mo per insurance product Platform fee Guaranteed metrics: Customer reach: 35 million Conversion rate: 7% Cost per acquisition: < 10 USD / customer 6
  7. 7. 25K Insurance Subscribers USD 70K Revenue 1 telco 1 product/ partner YEAR 1 300K Insurance subscribers Convert rate 7% from Telco’s targeted customers USD 1.7 Million revenue 1 telco 2 products/ partner Retention 80% YEAR 3 125K Insurance Subscribers USD 700K Revenue 1 telco 2 products/ partner YEAR 2 Users Development Curve 7
  8. 8. TRACTION Big Data Insurance Agent Telco product SMS web link/ app Telesales Subscribe20% insurance subscription Platform fees +35 Million Users 8
  9. 9. 9
  10. 10. DIGITAL MICRO-INSURANCE PLATFORM USING BIG DATA OF TELCOS Customer Data Integration with Telco to access big data. Personalized product and service offerings because SaveMoney pushes the right products to the relevant segment. Digital insurance platform from every participant of the ecosystem Flexible payment (Ex: Airtime) (D/W/M/Y), It’s an easy decision to pay 1 USD/week for insurance. 10
  11. 11. DIVERSE TEAM WITH WORLD-CLASS EXPERIENCE NGUYEN Dang Thanh, CTO PhD Computer Science Professor, University of Chicago TRAN Quang Ninh, CEO Wikipedia of insurance for Vietnam market 10+ years of actuarial experience TRINH Thi My Phuong , COO Finance, Perth University, Australia 10+ years business development in insurance 11
  12. 12. WE ARE FUND-RAISING 70% business development Enrich Telco users data Team/ Operation 30% for InsurTech platforms Infrastructure/ server Functions/ features USD 600K Profiles: 1.5 million Customers: 300,000 Insurance partners: 3-5 TERM PROCEEDS 12
  13. 13. Telco companies are a few, insurance companies are ‘N’ CEO - TRAN Quang Ninh Email: Mobile: +84 918 099 518 13