InsurTech
Insurtech Firm 360F Appoints Former Temenos APAC MD
Singapore-based insurtech 360F announced that it has appointed Martin Frick as a member of its advisory board, where he will support the ramp up of the bancassurance business. Martin will be an advisor to 360F operating under the legal umbrella
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Insurtech Qoala Acquires Thai’s FairDee; Expands to Thailand
Qoala, an insurtech startup backed by the likes of Sequoia and MDI Ventures announced today the acquisition of FairDee, a Thai insurtech to expand their reach into the Thailand market. Since its 2018 launch, Qoala said that it now processes
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APAC Insurers Must Ramp up System Modernization Efforts
The COVID-19 pandemic has accelerated the adoption of digital technologies in all sectors and across all regions. In Asia Pacific (APAC), insurers have recognized the importance of system modernization for the long-term success of their business. Yet, most are still
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Insurtech Gets a Boost in India Amid Rising Digital Adoption
Fundamental shifts in consumer preferences, favorable regulation, and rising interest from investors are stimulating the growth of insurtech in India. Results of a survey conducted by the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and
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How COVID-19 Served as a Catalyst for Digital Insurance in Vietnam
In Vietnam, COVID-19 has been a catalyst for digital transformation in the insurance sector, forcing incumbents to ramp up their digital capabilities and embrace technology. Post and Telecommunication Joint Stock Insurance Corporation (PTI), one of the Vietnam’s top three non-life
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Insurtech Symbo Secures US$9.4 Million Funding to Scale Its Platform in SE Asia and India
Symbo Platform Holdings, a Singapore-based insurtech platform, announced the completion of a US$9.4 million funding round led by the CreditEase Fintech Investment Fund. The round also saw participation from San Francisco-based investment firm Think Investments along with follow on investment
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Interest in Thai Insurtech Sector Picks up
Interest in Thailand’s insurtech sector is picking up, with companies in the space closing million dollar funding rounds, incumbents ramping up digital capabilities, and foreign companies entering the market. So far, 2021 has seen two Thai insurtech companies securing funding.
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Insurtech Startup CXA Sells Brokerage Arm As it Pivots to SaaS Business
Singapore-based insurtech company, CXA Group will be restructuring by selling off its brokerage arm to focus solely on the development and global expansion of its enterprise SaaS business. CXA will be selling its brokerage business in Singapore and Hong Kong
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What’s Next For Digital Insurer Singlife After Its Merger With Aviva?
2020 was a good year for Singapore’s digital life insurer Singlife. The company completed its S$3.2 billion merger deal with Aviva Singapore, the largest transaction ever in the Singaporean insurance sector. It also launched the Singlife Account, a mobile-first insurances
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ZA Tech Forms Insurtech Joint Venture With Indonesian E-Wallet OVO
ZA Tech, the Hong Kong-based technology venture founded by insurance company ZhongAn Online and backed by Softbank’s Vision Fund, announced that it has formed a joint venture with the holding company of e-wallet OVO, to offer Indonesian insurance companies easy
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