Daryl Png

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location of Daryl PngSingapore
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  • Timeline

    Aug 2013 - Dec 2016

    Co-Founder

    RC9
    Dec 2016 - Sept 2019

    Product Innovation Lead

    AIG
    Singapore
    Jan 2018 - Jan 2023

    Design Leadership Forum Member

    InVision
    Sept 2019 - May 2021

    Strategy & Special Projects | Digital Ecosystems

    OCBC
    Current Company
    May 2021 - now

    Assistant Vice President, New Ventures

    Singapore Economic Development Board (EDB)
  • About me

    Assistant Vice President, New Ventures at EDB

  • Education

    • Mit sloan school of management

      -
      Executive education program, mastering design thinking

      Team Project Lead: · Identifying innovation opportunities · Needs analysis · Developing a solution concept· Mapping a customer service cycle

    • University at buffalo school of management, the state university of new york

      -
      Bsc business administration, international business (magna cum laude)
    • Singapore management university

      -
      Mba, finance & strategy (summa cum laude)

      Activities and Societies: SMU New Ventures Club · SMU Impact on Asia Scholarship· Dean’s List

  • Experience

    • Rc9

      Aug 2013 - Dec 2016
      Co-founder

      Formerly Rentcars.sg, RC9 aims to provide secure and affordable car rental services globally. Through RC9's digital platform, customers can easily compare and book rental cars in 7,300+ locations across 150 countries via a mobile app or website. RC9 aggregates a repository of vehicles from over 35 car rental companies, including major international brands like Europcar, Sixt, and Goldcar. Awarded S$50k SPRING Singapore ACE Startup grant and secured investments from a publicly listed company and industry execs. RC9 was fully acquired on Dec 2016.5 startups that will inspire plans for the long weekend ahead - www.techinasia.com/5-startups-inspire-plans-long-weekend Show less

    • Aig

      Dec 2016 - Sept 2019

      AIG On the Go metrics in a 2-year period since inception: • 230% YOY increase in total distance clocked by users: 12M+ km• 190% YOY increase in total trips clocked by users: 900k+ trips• Premiums revenue generated in a 2-year period since inception: S$4M+• Reduced claims paid out to customers by 15%• Increased retention rate of customers by 10%AIG-AAS Online Driver Risk Assessment Tool metrics in a 2-year period since inception: • Premiums Revenue generated: S$12M+AIG CyberPal - Individual Cyber/Home Safety Net Mobile Application• Sprint from POC to Pilot (Singapore/Israel)• Set up Pilot Routines/Monitoring and Infrastructure• Successfully built the basis of the product• Tested the ability to scan home networks and identify IoT devices• Calculation of risk scores of devices which correlates to probability of cyber-attacks • Implemented Chatbot for support with Google Dialogflow Show less • AIG Singapore Innovation Challenge 2017 1st Place Winner• Drove product definition with staged engineering execution, go-to-market preparation and rollout strategy for targeted market• Ensured detailed status updates to all key stakeholders at various stages throughout UBI and telematics product development process• Developed strong internal and external relationships to meet business objectives within budget• Integrated API with AIG On the Go App which facilitated 50+ lifestyle merchants for gamification purposes to provide instant e-reward voucher redemption for app users• Integrated AIG’s internal systems (eWay) with AIG On the Go App to provide real time discount updates to customers• Facilitated 20+ engagement campaigns on AIG On the Go App with external partners• Conducted quarterly market cum competitor analysis of the Telematics solutions and advancements including both country, region and worldwide• Worked with the Head of Personal Insurance and Head of Digital to engage vendors to understand their offerings and assess the right fit with AIG’s UBI and Telematics Artificial Intelligence product roadmap Show less

      • Product Innovation Lead

        Mar 2018 - Sept 2019
      • Product Evangelist

        Dec 2016 - Feb 2018
    • Invision

      Jan 2018 - Jan 2023
      Design leadership forum member

      The mission is to advance the practice of design leadership by fostering a community where the world’s best can learn from one another. We strive to make the forum inclusive and relevant to those confronting the challenges of leading design teams.

    • Ocbc

      Sept 2019 - May 2021
      • Strategy & Special Projects | Digital Ecosystems

        Oct 2020 - May 2021
      • Manager, Product & Strategy | Fintech & Innovation Group

        Sept 2019 - Sept 2020
    • Singapore economic development board (edb)

      May 2021 - now

      Co-building new ventures alongside companies as a venture builder or board observer, while also launching initiatives to grow the broader venturing ecosystem in Singapore.

      • Assistant Vice President, New Ventures

        Apr 2023 - now
      • Senior Venture Manager

        May 2021 - Mar 2023
  • Licenses & Certifications

    • Bcp, pgi & comgi

      Singapore college of insurance ltd
      May 2017
    • Brad feld on raising capital

      Linkedin
      Aug 2019
      View certificate certificate
    • Managing staff performance using our core competencies for supervisors

      Civil service college
      Jun 2023
    • Ocbc quality leader 4.0

      Ocbc
      Oct 2020
    • Lean technology strategy: building high-performing teams

      Linkedin
      Dec 2019
      View certificate certificate
    • Competitive and market analysis for product managers

      Linkedin
      Jul 2019
      View certificate certificate
    • Spot on facilitation 3.0

      Facilitators network singapore (official)
      Apr 2022
    • Sustainability strategies

      Linkedin
      Dec 2019
      View certificate certificate
    • Mathematics for management

      Harvard business publishing
      May 2019
    • Teaming for winning: enabling leaders for team success

      Civil service college
      Jun 2021
    • Starting a data science project for edb

      Civil service college
      Oct 2023
    • Finance

      Harvard business publishing
      Jun 2019
    • Design thinking: venture design

      Linkedin
      Jul 2019
      View certificate certificate
    • Excel data visualization part 1: mastering 20+ charts and graphs

      Linkedin
      Jul 2019
      View certificate certificate
    • Communication: think fast, talk smart

      Aig
      Dec 2018
    • Financial accounting

      Harvard business publishing
      May 2019
    • Quantitative methods

      Harvard business publishing
      Jun 2019
    • Bloomberg market concepts

      Bloomberg
      Aug 2019
      View certificate certificate
    • 8th asean school for young insurance managers programme (ayim)

      Asean insurance council
      Oct 2017
  • Honors & Awards

    • Awarded to Daryl Png
      OCBC Quality Leader 4.0 Award - 2020 Successfully delivered a cross functional process improvement project which yielded at least S$200k in combined margin improvement for OCBC Bank.
    • Awarded to Daryl Png
      AIG Horizon Challenge Outstanding Team Collaboration Award - 2019 The 180 Day Horizon Challenge is a multi-month learning experience focused on developing innovative solutions for strategic challenges AIG currently faces. Our team of 9 which consists of individuals from 5 different office locations was conceptualised and created “The Tech Champion” to bridge the communication gap between IT & Claims in order to increase productivity for AIG Japan claims team.Awarded during the 2019 AIG Global Acceleration Summit in Stowe, Vermont (USA)
    • Awarded to Daryl Png
      AIG Mission 100k Challenge Winning Idea - 2019 The ”Mission 100k Challenge” was to increase average policy holding ‪from 1.28‬ per active customer to 1.45, which translates into 100k additional policies from existing customers. Our idea was “Bundled product offerings using predictive modelling”.Judging Criteria for the selection of the winning idea:• Impact to business• Effort to implement• Time to market• Practicality• Level of innovation
    • Awarded to Daryl Png
      Judging Panelist of 2019 Efma-Accenture Innovation in Insurance Awards - 2019
    • Awarded to Daryl Png
      Singapore Management University MBA Impact on Asia Scholarship - 2019 Awarded based on demonstrated achievements in professional, social and personal life that have created an impact on Asia such as:• Professional development that have contributed positively to Asian regions or companies• Personal projects that have contributed positively to Asian regions or companies• Entrepreneurial projects with an Asian focus• Increased the awareness of Asia in other locations
    • Awarded to Daryl Png
      Speaker at Asian Financial Services Congress 2019 - 2019 Shared on the topic of “Unlocking Telematics Capabilities with Artificial Intelligence and Proactive Engagement”
    • Awarded to Daryl Png
      AIG London Spring Summit Hackathon 2018 Finalist - 2018 Selected out of 160 individual participants from AIG offices worldwide
    • Awarded to Daryl Png
      AIG Outstanding ERG Award 2018 for Singapore DisAbilities & Allies - 2018 This award recognises the outstanding contributions and achievements made by the team toward supporting inclusion and diversity at the company.
    • Awarded to Daryl Png
      AIG-Amazon Singapore Hackathon 2017-18 1st Runner Up - 2018 An AIG & Amazon Web Services (AWS) hackathon programme where the challenge of each team was to develop a cloud based AI chatbot with Amazon Lex to solve a real-life business. There were a total of 12 teams of 6.
    • Awarded to Daryl Png
      Panelist at AIG Singapore Young Professionals ERG Launch Event 2018 - 2018 Launch of AIG’s 100th ERG
    • Awarded to Daryl Png
      Speaker at Connected Car & Smart Mobility Asia Conference 2018 - 2018 Shared on the topic of "Telematics beyond Risk Management: Engagement Tool of the Future"
    • Awarded to Daryl Png
      AIG Outstanding ERG Award 2017 for Singapore DisAbilities & Allies - 2017 This award recognises the outstanding contributions and achievements made by the team toward supporting inclusion and diversity at the company.
    • Awarded to Daryl Png
      AIG Singapore Innovation Challenge 2017 1st Place Winner - 2017 The challenge was a platform opened to all AIG Singapore personnel to share their innovative and creative ideas to help to improve customer experience with AIG Singapore, drive business efficiency, create new products and encourage profitable growth for the organisation. There were a total of 44 individual ideas submitted.My idea was called ”AIG NOW” where the vision is to provide new insurance in a new world by empowering people through responding to their evolving needs with social… Show more The challenge was a platform opened to all AIG Singapore personnel to share their innovative and creative ideas to help to improve customer experience with AIG Singapore, drive business efficiency, create new products and encourage profitable growth for the organisation. There were a total of 44 individual ideas submitted.My idea was called ”AIG NOW” where the vision is to provide new insurance in a new world by empowering people through responding to their evolving needs with social collaboration and customised protection. With an upvote process where people can co-create insurance products with us through an app, we are then able to give our customers a richer and more meaningful brand experience. Most importantly, this allows an insurer to identify opportunities, risks and potential volume of business before launching a new product in the market.Entries were scored based on these criteria:• Innovativeness and originality of the idea• Challenges and relevance of the problem dealt with• Potential success of the solution (savings / growth)• Sustainability of the proposal• Ease of implementation and ability to manage risk Show less
    • Awarded to Daryl Png
      Awarded Exceptional Achievement for The 8th ASEAN School for Young Insurance Managers Programme (AYIM) - 2017 Came in the Top 3 participants for the 2017 cohort where a total of 68 representatives from 9 ASEAN countries participatedThe annual ASEAN School for Young Insurance Managers (AYIM) is one of the initiatives under the ASEAN Insurance Education Committee organised by the ASEAN Insurance Council (AIC), designed to develop promising, high-potential young ASEAN Insurance Managers into multi-faceted leaders with an integrated view of management fundamentals and a broad market vision to… Show more Came in the Top 3 participants for the 2017 cohort where a total of 68 representatives from 9 ASEAN countries participatedThe annual ASEAN School for Young Insurance Managers (AYIM) is one of the initiatives under the ASEAN Insurance Education Committee organised by the ASEAN Insurance Council (AIC), designed to develop promising, high-potential young ASEAN Insurance Managers into multi-faceted leaders with an integrated view of management fundamentals and a broad market vision to assume the cross-functional responsibilities expected of company and industry leaders. The 8th AYIM programme was held in Hanoi, Vietnam. Show less
    • Awarded to Daryl Png
      Speaker at 7th Malaysia Insurance Summit 2017 - 2017 Shared on the topic of "Telematics beyond Risk Management: Engagement Tool of the Future"
    • Awarded to Daryl Png
      Guest Advisor for Singapore Polytechnic "New Venture Planning" Final Year Business Presentation - 2016 As an advisor and assessor, my role was to assess the following criteria: • Feasibility of business plan• Commercial viability of business idea • Creativity of business idea • Presentation and soft skills • Knowledge and analytical skills
    • Awarded to Daryl Png
      Rising Entrepreneurs of The Year 2015/2016 - 2016 Awarded by Guest of Honor, Mr Zainal Sapari, Member of Parliament for Pasir-Ris Punggol GRC
    • Awarded to Daryl Png
      Singapore Entrepreneurs' Award 2015/2016 - 2016 Awarded by Guest of Honor, Mr Zainal Sapari, Member of Parliament for Pasir-Ris Punggol GRC
    • Awarded to Daryl Png
      Guest speaker at The University of Adelaide Technology Commercialization Class - 2015 Shared on my entrepreneurial journey of building a startup from “Ideation to Actualisation” stage
    • Awarded to Daryl Png
      SPRING Singapore $50k ACE Startup Grant - 2013
  • Volunteer Experience

    • Mentor and advisor

      Issued by ACE.SG (Action Community for Entrepreneurship) on Jun 2020
      ACE.SG (Action Community for Entrepreneurship)Associated with Daryl Png
    • Mentor

      Issued by Startupbootcamp FinTech on Jan 2020
      Startupbootcamp FinTechAssociated with Daryl Png
    • Mentor

      Issued by ICE71 on May 2018
      ICE71Associated with Daryl Png
    • Mentor

      Issued by Techstars on Jun 2019
      TechstarsAssociated with Daryl Png
    • Member of Singapore DisAbilities & Allies ERG

      Issued by AIG on Jun 2017
      AIGAssociated with Daryl Png
    • Judging Panelist

      Issued by Efma on Jan 2019
      EfmaAssociated with Daryl Png
    • Advisor

      Issued by Singapore Polytechnic on Jun 2017
      Singapore PolytechnicAssociated with Daryl Png