InsurTech

Singaporean Insurtech Secures License from Labuan

Axinan, a Singapore-based insurtech firm, succesfully secured a combined General and Reinsurance license, issued by Labuan Financial Services Authority (Labuan FSA) a mid-shore jurisdiction in Malaysia. Labuan FSA is the financial regulator for Labuan International Business and Financial Centre, a statutory

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Grab Partners with NTUC Income to Launch Microinsurance Product for Critical Illness

Grab’s insurance arm, GrabInsure and NTUC Income jointly unveiled their micro insurance plan. “Critical Illness: Pay Per Trip (CIPPT)” in Singapore today. The parties involved stated that this microinsurance scheme is designed for Grab drivers better protect themselves against critical

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Singtel Makes First Foray into Insurance Market in Singapore

Singtel today announced its first foray into the insurance market, introducing Singapore’s first prepaid data plan and Dash mobile remittance service that comes with personal insurance cover, provided by NTUC Income (Income) and premiums paid for by Singtel. Singtel provides

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Singapore’s CXA Group Sets up a Tech Hub in Vietnam to Deepen AI Capabilities

Following their US$ 25 Million fund raising round, CXA announced that they are setting up a Tech Hub in Ho Chin Minh, Vietnam. CXA describes itself an AI driven platform for better health, wealth and wellness choices. The new launched

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Sumitomo Life Buys 25% Stake in Singapore Life for US$ 90 Million

Singapore Life seems to be a on a streak, as they raise yet another round funding this year. In this round, the homegrown insurtech company secure US$ 90 Million investment from Sumitomo Life Insurance company. Through this transaction Sumitomo Life

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Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder

One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now in the

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Singapore Life Raises Another US$7.3 Million from HK-Based Ion Pacific

Singapore Life has just raised US$7.3 million (approximately SG$10 million) from Hong Kong-based Ion Pacific, an asset management company, according to DealStreetAsia. Ion Pacific joins Aflac and Standard Life Aberdeen, Singapore Life’s original shareholders in this round of fundraising. Ion

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Tryb Group Invests into Filipino Insurance Marketplace Maria Health

Maria Health, a Filipino aggregator for health insurance, has secured an undisclosed amount of seed funding from the tryb group, with participation from Gobi Ventures, Wavemaker, Hustle Fund and Grand Metro Holdings. Maria Health will use the additional funding to

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Here’s How Insurtech is Tackling Singapore’s Ageing Problem

Let’s suppose you accidentally tore your ligament in the knee while exercising in the gym tomorrow. Do you know how much you’d need to pay for medical fees? Before we reveal the answer, there’s a saying amongst Singaporeans: it’s cheaper

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3 Lessons Other Insurers Should Learn from Ping An

Insurance companies have been slow to adapt to a digital-first approach. In an increasingly digital world, many insurers are put in a tough spot as they struggle to keep up with the demands of a new generation of consumers. Taking

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