Summary

360F supports insurers, banks, and their distributors to scale sustainably. In particular, 360F utilizes marketing science, behavioral finance and psychology to innovate and forward wealth advisory to the next frontier.Cash-flow positive, 360F has a team of 20 in Singapore and Vietnam.360F is a certified Registered Management Consultant

Description of fintech solution

360-ProVestment® helps managers construct for their clients in real time, a holistic financial solution that comprises protection and investment. This application generates a solution that offers the maximum financial happiness possible, in the context of the clients’ financial needs and goals, constraints, preferences, high-level underwriting profile and the managers’ available product universe. An explainer video can be found here: https://youtu.be/FG5tXNSC1nI

Describe your key innovations

PortControl

Solution Lifecycle

Pilot

Founder's Background

The team in 360F is headed by senior management with decades of experience in life insurance and wealth advisory. Michael Gerber is the CEO and founder. Formerly the CEO of a globally active management consulting firm, Michael has led over a hundred projects over the past two decades in distribution, client orientation, process optimization and platforms. Clarie Kwa is the Director and formerly Head of Insurance for an Asian management consulting practice, leading distribution transformations and industry projects sponsored by the Life Insurance Association of Singapore and Hong Kong Federation of Insurers. Clarie is well versed in the mechanics of advisory, having been once a financial advisor representative and agency trainer herself.

Founded (Years of Incorporation)

2016

How are you funded today?

Bootstrap

Number of employees

20

Presence In Region

Asia
Middle East

Technology

Application Programming Interface (API)
Artificial Intelligence
Machine Learning
RoboAdvisors

HQ Country

Singapore

What are the top 3 key benefits your solution will bring to the Asset Management Industry?

With 360-ProVestment®, sales compliance can be managed very efficiently and effectively. The issue of arbitrary product recommendations is eliminated.

Firstly, the sales intelligence is derived from the dynamic interaction among the macroeconomic and individual-specific characteristics e.g. market volatility, mortality & morbidity pricing vs. budget, risk temperament and bequest attitude. In other words, the willingness and ability of the customer is considered. This is unlike the other applications in the market that attempt to extrapolate the propensity to purchase from generally anticipated needs based on life events and demographics.

The application is designed for acceptance. In typical applications, individual preferences are neither scientifically measured nor empathized with – hence leading to subjective or judgmental understanding of the customer. In 360-ProVestment®, mathematical economics and prospect theory are applied to include the effect of emotions, thus tailoring the solution that customer is most inclined to accept. 360-ProVestment® also comes with visual tools to help engage the customers in understanding the basis of the recommended solution and alternatives.

Tell us more about your past client engagements to date and your market penetration?

Selected modules from the application has already been implemented for a digital life insurer in Singapore.

Do you have any case studies of your solution? If yes, please share it in less than 200 words

Case studies are clients' project