Tag "insurtech"

Prudential’s PRU Fintegrate 2018 Taps Scale-Ups For Deeper Innovation

Prudential Singapore’s second edition of its digital innovation programme, the PRU Fintegrate Partnership (PRU Fintegrate) is this year inviting scale-ups from all over the world to join its innovation fray. The insurance provider is aiming to build synergistic partnerships with

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Insurtech As An Enabler Rather Then A Disruptor: Report

The insurance industry is undergoing profound changes, driven by new customer expectations, emerging technologies, and sustained downward pressure on margin. Since 2015, insurtech players have boomed globally and while initially perceived as potential threats, these are now quickly emerging as

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Grab Drives Fintech Ambitions with Grab Financial

Following Grab’s previous announcement on GrabPay and acquisition of Kudo, Anthony Tan, Co Founder and Group CEO announced the company’s ambitions to further strengthen their play in the fintech ecosystem through Grab Financial during his keynote at Money 20/20. Grab Financial will encompass

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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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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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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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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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Fintech in Asia: Adoption, VC Funding and Emerging Trends

Fintech has achieved initial mass adoption in most markets but particularly in developing countries where startups have excelled at tapping into tech-literate but financially underserved populations, according to a new report by EY. Fintech in Asia A survey of more

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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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