InsurTech

CXA Group Sees Investment from HSBC in New Funding Round

CXA, an employee ecosystem platform for better health, wealth and wellness choices, announced today that it has raised fresh funding from Humanica, a Thai-based HR solutions provider, and HSBC Life, an indirect wholly-owned subsidiary of HSBC. With this latest capital

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Insurtech Raising Plummets by 50% in Q1 2020 — Report Suggest COVID-19 As a Cause

Despite the clear impact of COVID-19 on InsurTech investment worldwide during Q1, insurtechs saw a decline in funds raised compared to 2019. Insurtechs raised a total of US$912 million during the first three months of 2020, according to the new

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Insurtech Qoala Raises US$ 13.5 Million Despite COVID-19 Funding Slump

Qoala an insurtech headquarted out of Jakarta, today announced its successful US$13.5 million Series A fundraise. The round was led by Centauri Fund – a JV between funds from South Korea’s Kookmin Bank and Telkom Indonesia. New investors in the

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Insurtech Axinan Rebrands To Igloo After Closing Series A+ Round

Singapore-headquartered insurtech startup – Igloo (previously known as “Axinan”), announced today that it has successfully closed its Series A+ funding round, bringing its total funding to US$16 million. The insurtech firm works with leading e-commerce and travel players in Southeast

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HK-Based AMTD Acquires Insurtech Startup PolicyPal

AMTD Digital, the digital finance arm of AMTD Group announced that it will acquire a controlling stake of PolicyPal, a company licensed by the Monetary Authority of Singapore, and the first graduate of MAS fintech regulatory sandbox, which deepens the

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Digital Insurer FWD Appoints Khor Kee Eng as Singapore CEO

FWD Group (“FWD”)  announced the appointment of Khor Kee Eng as CEO of FWD Singapore, subject to regulatory approval. Kee will helm the development of FWD Singapore to strengthen the Group’s position as a digital insurer. Kee will report to

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Symbo Announced As Singapore’s Winner of Zurich’s Innovation Challenge

Zurich Singapore has crowned Symbo the winner of the Zurich Innovation Championship 2020 – Singapore Round. Symbo’s winning pitch revolves around a digital insurance pilot for the Small and Medium-sized Enterprise (SME) segment. The pilot features a full technology-stack solution

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Etiqa Introduces Vehicle Claims using Video Through E-Cleva

Etiqa announced today the launch of E-CLEVA which is short for Etiqa Claims Express Video Assist. The new video-assisted claims service allows for Etiqa’s motor surveyor to interact with the claimant directly and remotely via an audio-video call. In their

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Grab Enables In-App Travel Insurance for As Low as $1 Per Day

Grab and Chubb announced today the launch of Travel Cover — an on-demand travel insurance service that Grab users can purchase within the app. The product is distributed by GrabInsure Insurance Agency, Grab Financial Group’s insurance platform. Starting from today, a

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SingSaver Gets Brokerage License from MAS, Launches Digital Insurance Comparison

Comparison platform SingSaver.com.sg announced today that they have launched instant digital insurance comparison on its platform fresh off securing a brokerage license from the Monetary Authority of Singapore. The platform now offers a comprehensive range of insurance products across travel,

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