InsureTech

Life Insurance Made Easier by Singapore Life

Protecting your loved ones should not be complicated. With this in mind, independent life insurer Singapore Life launches its suite of life insurance products, coupled with a fuss-free, customer-centric insurance experience. Singapore Life’s Term Life and Critical Illness plans aim

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Tokio Marine Life Insurance Singapore Ltd. Launches Self-Learning Chatbot To Simplify Insurance For Public

Tokio Marine Life Insurance Singapore Ltd. (TMLS), the only Japanese life insurer in Singapore, today launched the first self-learning AI chatbot in Singapore that makes life insurance easier to understand and more accessible for the public. Available 24/7 on popular

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Insurtech Set to Change Asia’s Insurance Market

UBS says that Asia’s underinsured market presents  ripe opportunities for insurtech startups. In a UBS report titled Shifting Asia, it noted that Asia is one of the most underpenetrated insurance markets in the world. Emerging Asia held 43 per cent

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Singapore’s Industry-first Intelligent Chatbot provides Information Specific to Customers Life Insurance Plans

As part of Prudential’s customer-centric approach, the life insurer has launched an industry-first chatbot that can provide its Financial Consultants with real-time information specific to their customers’ life insurance plans. Named askPRU, the cognitive-powered chatbot is built on IBM Watson

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PolicyPal becomes the First Start-Up to Graduate from the Mas Fintech Regulatory Sandbox

Singapore-based startup PolicyPal today announced its graduation from the MAS FinTech Regulatory Sandbox and will commence operations as a registered direct insurance broker and exempt financial adviser under its subsidiary BaoXianBaoBao Pte Ltd from 1st September 2017. PolicyPal is the

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InsurTech Is Disrupting Insurance Forever – Will There Still Be a Place for Human Financial Advisors?

Wave after wave of technological disruption has hit us in recent years and it looks like the insurance industry is next in line. Insurtech is the new tradename for an aggressively growing group of apps, software’s, and startups reinventing a

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InsurTech Turns A Boring Financial Tool Into A Lifestyle Product

A classic insurance product has two main problems: it’s boring, and it doesn’t have an obvious value for a customer who hasn’t had any insurance claims for years. By: Dmitry Rudash,  Co-founder Raxel Telematics As a result, the very nature of

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Singapore Poised to Become a Hotbed for Insurtech in Asia

The insurance is on the brink of a major disruption and insurance companies are very much aware of that. According to a survey conducted by PwC, three in four insurers predict disruption of their business over the next five years.

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The Insurtech Race – Baker McKenzie Sees Jump in Potential Acquisitions Between Big Insurance and Tech Start-Ups

Asia Pacific-based insurance companies, from established players to new entrants, are increasingly looking to acquire or partner with non-insurance tech players to understand and harness the opportunities inherent in insurtech. Asia Pacific Guide for Investing in Start-ups, a new guide by

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Singapore-Based Startup Raises Seed Funding from 500 Startups and Entering MAS FinTech Regulatory Sandbox

A Singapore digital insurance app that helps consumers organise all their insurance products in one place just raised money from 500 Startups and  received approval from MAS to enter a regulatory sandbox. The startup will be testing their solution over a

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