InsurTech

PayNow Collaborates with Digital Insurer and DBS

The digital insurer FWD and DBS Bank collaborating to provide electronic payment of claims via PayNow. PayNow is an electronic fund transfer service available to customers of any of the seven participating banks: Citibank Singapore Limited, DBS Bank/POSB, HSBC, Maybank,

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SkillsFuture Singapore to train Prudential’s employees in Future Skillsets

Prudential Singapore is partnering SkillsFuture Singapore (SSG) to help its employees acquire the skillsets needed to meet the future demands of the insurance industry. As part of the partnership, employees will have access to the SkillsFuture Series of courses curated

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InsurTech M&As in Asia Surge in 2017, Three Times That of 2016

The total transaction volume of InsurTech M&As in Asia hit US$460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalisation, according to the fourth Quarterly InsurTech Briefing from

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Singapore Life to Acquire the Business Portfolio of Zurich Life Singapore

Singapore’s newest life insurer Singapore Life Pte. Ltd. (Singapore Life) and Zurich Life Insurance (Singapore) Pte. Ltd. (Zurich Life Singapore) have announced an agreement for Singapore Life to acquire the business portfolio of Zurich Life Singapore. Under this agreement, Singapore

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Why the Insurance Industry needs to Digitalise

Digitalisation benefits the entire insurance industry. From simplifying complex policies and streamlining approval processes, digitalisation can have a positive impact on all parties including customers, agents and brokers. On the internet, 80%1 of local financial research is largely centered on

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Singapore Online Insurer announces 200% YoY Revenue Growth from Online Sales

Etiqa, an Online Insurer from Singapore, is helping accelerate Singapore’s smart nation transformation by launching new services and integrations. Etiqa is the first insurer to integrate with ‘MyInfo’, a digital data vault launched by Government Technology Agency of Singapore (GovTech) and

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Malaysian Insurtech Company, Fatberry Launches

Malaysia’s insurtech company, FatBerry.com launched a digital marketplace for insurance providing Malaysians with a way to get insured in two minutes. In conjunction with the launch, FatBerry.com also announced its partnership with Tune Protect Malaysia, the an online retail portal

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Tokio Marine Insurance Chatbot Now the First to Recruit Digitally Savvy Advisers

Tokio Marine Life Insurance Singapore, the only Japanese life insurer in Singapore, launched the recruitment function in the latest phase of its TOMI chatbot (short for Tokio Marine Insurance). This makes TOMI the first chatbot in Singapore to support an

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Insurance Claims Assessment In Seconds Soon A Reality For Prudential Singapore Prushield Policyholders

Prudential Singapore (Prudential) is leading a step change in the way insurance claims are made with its trial of an industry-first, machine learning-based solution that assesses claims in seconds. It sits at the core of a new customer e-claims platform

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Better Protection For Fintech Startups With Free Coverage From Prudential

To support fintech entrepreneurs in strengthening their safety net and managing risk better, Prudential Singapore (Prudential) is partnering with the Singapore Fintech Association (SFA) to offer its members complimentary Group Personal Accident coverage for a year. This initiative is targeted

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