Vertex Ventures SEA Portfolio top-funded insurtech, Sunday, adds heavyweight talent to its team

Sunday | 10 May 2022

10 May 2022, Singapore - Vertex Ventures Southeast Asia's portfolio Sunday Ins Holdings Pte. Ltd. (“Sunday”), the full stack insurtech group, today announced Ryuji Wolf as Chief Financial Officer and a member of its executive leadership team. This comes as Sunday continues embarking on rapid innovation-in-action and driving accelerated growth in key insurance verticals of healthcare, electric vehicles and electronics across the region. The group has attracted strong interest from global investors since its launch in 2017, as insurance continues its ascent to be the new core of the fintech disruption.

“Sunday continues to differentiate itself not only through its innovative approach and solutions, but also through its philosophy of making insurance available and affordable to everyone. I am thrilled to join Cindy and the team that is reshaping the industry landscape and setting the gold standard as a true regional insurtech champion.” Said Ryuji*.*

Ryuji spent over a decade working in international markets such as New York, Hong Kong and Tokyo as an investment banker in the Technology, Media and Telecommunications sector. Ryuji joins from J.P. Morgan, where he served as Executive Director and led the Consumer Internet & Media investment banking for Asia Pacific. He has led over $90 billion worth of successful M&A deals and capital raise executions, and has also advised executive management teams in building and transforming their emerging growth businesses into Fortune 500 companies over the course of his career.

“Sunday’s vision is to be a leading digital-native insurer in ASEAN that makes insurance more friendly. As the global insurance landscape and consumer behavior continue to shift, we want to build an insurer that adapts more rapidly using data and technology. While insurance is abstract since it’s all about risk and therefore limitless in opportunities, it is in the end also about trust and service no matter what generation we belong to. Being a full stack insurtech gives us product ownership and the ability to deploy and see our ideas in action. Ryuji and Sunday share the same vision, and we could not be more excited to build a great company in collaboration with him.” Said Cindy Kua, Chief Executive Officer and Co-founder of Sunday.

Sunday continues to be the insurtech partner of choice for many ecosystem and industry players, from leading telcos to new-economy companies. This senior appointment follows from the  recent $45 million series B round last year that saw participation from new heavyweight investors such as Tencent, Vertex Ventures Southeast Asia and India?, Vertex Growth, SCB 10X, Granite Oak and Aflac Ventures. Since then, a string of senior executives across the region hailing from PWC, Cigna, Avrist and SCB Tech X have also joined Sunday. These executives have assumed key positions, collaborating with existing data, technology and insurance work groups to drive Sunday’s rapid growth in Thailand and Indonesia

About Sunday

Sunday is a fully-integrated sales and services Insurtech that uses artificial intelligence and digital platforms to offer personalized insurance products and services that suit all individual and business risks. To reinvent the entire insurance value chain, the company provides its end-to-end solutions via its partners and proprietary distribution channels.

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