- Media OutReach - 11
September 2019 - Galileo Platforms
Limited (Galileo Platforms), an insurance technology company using blockchain
to revolutionise the sector, today announced the appointment of Simon Copley to
the Board of Directors as an independent director.
Mr. Copley is the first independent director to
join the Galileo Platforms board. Based in Hong Kong, his appointment took
effect 1st August 2019.
The appointment represents a significant step
forward for Galileo Platforms, a business-to-business operation, as it readies
for fresh funding and a pending product launch. The move also ties in with the
company strategy to expand the use of blockchain across more sectors of the
insurance industry and in a greater number of markets, partnering with
challenger insurers, incumbent insurers, distributors and reinsurers.
welcome Simon to the board," said Galileo Platforms CEO Mark Wales. "He brings
a wealth of very valuable industry experience both in Hong Kong and across Asia
Pacific. We see him playing an important role as we push into new markets and
expand our product portfolio."
From the UK originally, Mr. Copley worked for
more than 30 years advising many of the leading financial services groups in
Europe and Asia, mostly on insurance, risk management, banking and capital
markets. His experience extends to providing counsel on IPOs. During 21 years
as a partner at PwC in Hong Kong, he led the firm's regional insurance industry
practice in what was a period of huge sector growth and transformation in the
Chair of Galileo Platforms Annette King
commented: "Simon will bring additional experience and oversight to our
governance and business expansion, which is important given the rapid growth of
our business. This knowledge is obviously transferable to our product
development and marketing, which is very important too."
Mr. Copley joins Ms. King and Mr. Wales, who
co-founded Galileo Platforms in 2016, on the company's Board of Directors.
Galileo Platforms currently serves the property
and casualty, health insurance and life insurance market. Using blockchain, it restructures
the way insurance is designed, distributed and managed, offering a secure
platform that reduces IT costs and eliminates high-cost, low-value components
in the insurance distribution chain. It provides the tools for client centred,
agile design of insurance products, including real-time transactions for
purchasing and claims, on-demand insurance and micro-duration insurance
About Galileo Platforms Limited
Platforms is a technology company serving the insurance sector (www.galileoplatforms.com).
Using blockchain technology, Galileo Platforms connects participants in the
insurance ecosystem, enabling them to deliver revolutionised client experience
and reducing costs. It takes much of the functionality typically found in
legacy policy administration systems and encodes it in smart contracts in a
blockchain. This mutualises the policy administration function, creating new
opportunities for insurance. Galileo Platforms enables the insurance of tomorrow.