InsurTech

Fintech Insurance in Singapore

Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology sector in Asia, having successfully launched it in the UK early last year. Simon Moi, Senior underwriter and head of professional

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Bandboo’s New P2P Excess Protection Eases The Sting Of Accident Insurance

Bandboo, a Singapore-based insurance technology platform startup, announced a new product to protect drivers from costly car excess insurance payments. Insurance excess, the payment drivers are liable to pay towards a claim made on a car insurance policy, can be

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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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