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Igloo CEO eyes global M&A: ‘We have an appetite to grow more’
Falling token prices have not made AI cheaper to run, as tasks grow more complex. Igloo Co-Founder and CEO Raunak Mehta told Tech in Asia that each new partnership now goes live at a lower cost, and set out what comes next: weather and cyber cover, life insurance with Chubb, and acquisitions beyond Southeast Asia. “If all [goes] well, you’ll probably see us doing more transactions across the world,” he said.
Last to board: why travel may be AI’s final frontier
Only 2% of travel executives say agentic AI is widely deployed, according to McKinsey. In a Tech in Asia feature run by The Business Times, Igloo Co-Founder and CEO Raunak Mehta said AI agents need inventory, pricing and policies in formats they can read before they work reliably across travel. “Not every hotel booking, not every flight booking, tends to have the same terms and conditions associated,” he said.
AI & Me: How is AI changing the way we buy and use insurance?
Insurers already use AI to assess claims and flag fraud, and the next question is how much of the buying journey it will take on. On MONEY FM 89.3’s Reset with Lynlee, in the AI & Me segment, Igloo Co-Founder and CEO Raunak Mehta discussed how AI is changing the way people buy and use insurance, and where humans still need to be involved.
Can Singapore’s AI start-ups build lasting businesses?
Singapore drew 94% of Southeast Asia’s venture funding in the first half of 2026, and investors now want proof that AI start-ups can stay useful as model providers add features. Tin Men Capital Co-Founder and Managing Partner Jeremy Tan told The Edge Singapore a start-up’s defence lies in proprietary data, industry expertise, distribution and customer relationships. “None of these are things that a model provider adds in a release,” he said.
AI to bridge insurance gap in Indonesia, Igloo says
Raunak Mehta, Co-Founder and CEO of Igloo, was featured in The Jakarta Post's executive column exploring how the Singapore-based insurtech is closing Indonesia's insurance protection gap through AI and strategic distribution partnerships. The interview examined Indonesia's sub-3% insurance penetration despite 80% digital adoption, Igloo's partnerships with Telkomsel, DANA, TikTok and Tokopedia, and how the company's early investment in AI is driving 50 to 60% year-on-year growth alongside significant operating leverage.
Can Southeast Asia claim its place in the AI economy?
Murli Ravi, Co-Founder and Managing Partner of Tin Men Capital, was featured in The Edge Singapore's feature exploring whether Southeast Asia can move beyond hosting AI infrastructure to building lasting enterprise value. The feature, which also drew on perspectives from INSEAD, NUS Business School, and AI Singapore, examined the region's position in the global AI value chain and the gap between investment and commercial impact.
The piece highlighted Tin Men Capital portfolio companies Ailytics, Groundup.ai, and Graas as examples of Southeast Asian AI startups solving measurable enterprise problems across construction safety, predictive maintenance, and e-commerce.
A C-SUITE VIEW ON AI
Igloo Co-Founder and CEO Raunak Mehta was featured in Tech in Asia's "A C-Suite View on AI" series, speaking with the publication about how artificial intelligence is being deployed across Igloo's operations and products.
In the interview, Mehta discussed Igloo's AI-native strategy, including how AI agents now handle claims document validation within seconds, how the company's recommendation engine achieves an 80% customer adoption rate, and how the recently launched Igi travel insurance sales bot drove a 20% increase in purchase completion in its first 10 days.
Southeast Asia insurers risk profit hit from weak data systems
Igloo Co-Founder and CEO Raunak Mehta was interviewed by Insurance Asia on how AI deployment on outdated data systems is limiting profitability gains for Southeast Asian general insurers. Mehta told the publication that insurers who make the right AI investments over three to five years could see profitability improve by 300 to 400 basis points, but warned that many still operate on decades-old infrastructure that needs upgrading before AI can deliver results.
"You need to separate the hype layer from what I call the infrastructure layer," Mehta said, noting that most general insurers in the region operate at high combined ratios with thin net incomes.
