InsureTech

6 Insurtech Startups From Asia to Watch

In Asia, interest in insurtech grows as industry experts and observers perceive the region’s fast-growing economies and underinsured population as an untapped opportunity. While insurtech in Asia is still in its infancy, the sector is growing fast and attracting venture

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BIMA Leverages Mobile Tech to Bring Insurance Products to Developing Countries

With over 20 million customers and operations in 14 countries across Asia, Africa and Latin America, BIMA is a leading insurtech company that uses mobile technology to deliver affordable insurance and health services, and fuel financial inclusion in developing countries.

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Income Future Starter – First Insuretech Accelerator Programme in Singapore

Today, Singapore’s first insurer Income announced the “Income Future Starter, powered by TAG.PASS“, a 11-week accelerator programme designed specifically for entrepreneurs that fast tracks the commercialisation of products and market access through mentorship and co-innovation. This joint programme with TAG.PASS is a

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Insurance Sector Reinvents Itself Leading To Drastic Measures

Majority of insurers admit challenges extracting value from transformation initiatives; most say their transformation efforts have been less than ideal. Faced with disruptive economic, demographic and technological change, most insurers are struggling to reinvent their organisations for the future. According

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Report: Nine out of Ten Insurers Fear Losing Part of Their Business to Startups

Annual investments in insurtech ventures have increased fivefold over the past three year, reaching a cumulative US$3.4 billion since 2010. As investment and interest in insurtech increase, insurers are feeling increasingly threatened by the new innovative ventures that are applying

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Why Singapore Is The Perfect Location For Insurance Innovation And InsurTech Startups

What is the best way to drive innovation in insurance? In the last post, we’ve scratched the surface around the various corporate innovation models that exist in insurance industry. In the nutshell, the conclusion that we’ve arrived at is that

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Zurich launches Post Cyberattack Response Solution for Asia

Zurich Insurance recently launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyberattacks. As the World Economic Forum’s latest Global Risks Report recognises cyber dependency among the top three trends that will

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3 Asian Insuretech Disrupt Specific Segments Of Insurance

Disrupting Individual Insurance Segments We have seen how technology had disrupted traditional business. The most classic example is when Grab entered the taxi industry caused many traditional taxi drivers to either use its service or content with less bookings. This

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InsurTech Startup PolicyPal Wants to Help People Manage, Track and Understand Their Insurance Policies

Earlier this month, notorious accelerator program Startupbootcamp Fintech Singapore unveiled the ten teams it had picked to integrate the program, among which PolicyPal, a young and ambitious startup that intends to help us manage our insurance matters more easily. The

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ClaimConnect: Aviva Singapore Digitises Claims Process for Group Insurance Customers

Aviva, a leading insurer in Singapore, has introduced Aviva ClaimConnect – a mobile application and portal designed exclusively for its group insurance policyholders. It enables users to locate their nearest panel clinic with ease, and eliminates reliance on paperwork by allowing them

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