InsurTech
Can Singapore’s Insurers Adapt to the Ageing Well Challenge?
Singapore, often called the “Lion City,” is well-known for its thriving economy. Yet, beneath this successful exterior lies a significant demographic shift that brings challenges and opportunities. The country is witnessing a rapid rise in its ageing population, with a
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MAS’ Ravi Menon Calls for Collective Action to Tackle Insurance Gaps
Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), highlighted critical issues surrounding Asia’s insurance protection gaps in a keynote address at the 19th Singapore International Reinsurance Conference. Menon emphasised the significant data gaps in Asia’s insurance landscape
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Matrixport’s Cactus Custody Taps OneDegree to Upgrade US$50M Insurance
Cactus Custody, Matrixport’s digital asset custodian service provider, has upgraded its US$ 50 million insurance coverage to include crime protection for warm wallets. The insurance is issued by Hong Kong’s digital insurer OneDegree. This means that Cactus Custody’s clients will
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Singapore’s Protos Labs Raises US$2.2M Seed Funding
Singapore-based cyber insurtech company Protos Labs announced that it has raised SG$3 million (US$2.2 million) in seed funding. The seed round was joined by BEENEXT, VinaCapital Ventures, Artem Ventures in partnership with FWD Insurance, Plug and Play Silicon Valley, Investible,
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Igloo Partners OPPO and realme to Offer Smartphone Protection Plans
Singapore-based insurtech Igloo has partnered with smartphone brands OPPO and realme to offer protection and after-sales services for their smartphones. The partnership has launched in Singapore with OPPO and in the Philippines with realme, with plans to roll out into
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bolttech Acquires Polish Embedded Protection Firm Digital Care
Insurtech firm bolttech has acquired Digital Care, an embedded protection company based in Poland. Financial details of the deal was not disclosed. The acquisition will serve to expand bolttech’s products, operational scale and distribution partner network in the embedded protection
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bolttech Explores U.S. IPO, Could Materialise as Early as 2024
Insurtech firm bolttech is reportedly mulling over the prospects of a U.S. IPO, aiming to raise a sum in the ballpark of US$250 million and US$300 million, according to Bloomberg. While discussions are in progress, specifics related to the IPO,
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Singlife Offers Free Life Insurance for One Year to SG Assist’s Caregivers
Local financial firm Singlife has partnered with social enterprise SG Assist to provide the first 200 caregivers who enroll in the latter’s new CaregiverCircle membership a free year of group term life insurance. The launch was marked on 15th October
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Allianz Partners and bolttech Provide Embedded Device, Appliance Insurance
Allianz Partners, a provider of B2B2C insurance and assistance services, and global insurtech bolttech has partnered to provide embedded device and appliance protection insurance across Asia Pacific and the United States. The partnership aims to make it easier and more
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India’s InsuranceDekho Raises US$60M in Second Fundraise for 2023
Indian insurtech firm InsuranceDekho has raised US$60 million in a Series B funding round, its second fundraise this year following its US$150 million Series A in February. The round, which is a mix of equity and debt, was led by
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