InsurTech
Cover Genius Acquires Embedded Warranty Provider Clyde
Cover Genius, an Australian insurtech for embedded protection, announced that it has acquired US-based embedded warranty provider, Clyde Technologies. Details of the transaction was not disclosed. The insurtech said that the assets acquired will assist its continued expansion into the
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Carro Secures Investment From ZA Tech to Enhance Product Offerings
Southeast Asian used car marketplace Carro announced that it has secured an investment from Singapore-based insurtech company ZA Tech Global for an undisclosed sum. The investment enables Carro to leverage ZA Tech’s suite of insurtech solutions to distribute personalised insurance
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Insurtech Firm CoverGo Appoints Adrit Raha as Managing Director for APAC
Insurtech firm CoverGo announced that it has appointed industry veteran Adrit Raha as the Managing Director for the Asia Pacific region. Adrit brings with him over 17 years of experience in insurance and tech startups. Most recently, he was the
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India’s InsuranceDekho Secures US$150 Million Series A
Indian insurtech firm InsuranceDekho has raised US$150 million in Series A funding round consisting of a mix of equity and debt. The round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures
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MSIG Singapore to Deploy Fermion’s AI Tool to Combat Motor Insurance Fraud
General insurer MSIG Singapore has partnered with insurance ecosystem builder Fermion to combat motor insurance fraud through the use of an advanced artificial intelligence tool, TrueSight Fraud Intelligence. MSIG said in a statement that it will be able to rapidly
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Insurtech Firm Igloo Appoints New Chief Technology Officer
Insurtech firm Igloo has appointed Liliang Zhu as its Chief Technology Officer to strengthen the firm’s tech capabilities and product innovation as it expands insurance offerings across key markets. Zhu will lead Igloo’s tech and innovation strategy and oversee the
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FWD Appoints Adrian Vincent as New Singapore CEO
FWD Group, a a pan-Asian life insurance business, has announced the appointment of Adrian Vincent as Chief Executive Officer for Singapore. Vincent joined FWD Singapore in 2019 as General Manager, Life Business, successfully establishing the company’s financial adviser channel and
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HSBC Insurance Completes Merger With AXA Singapore
The integration between HSBC Insurance Singapore and AXA Insurance is now complete and has begun operating as a combined entity – HSBC Life Singapore. The merger and rebranding will have no impact to the terms of any of the policies in-force
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Prudential Singapore Gets Green Light From MAS for New Financial Advisory Arm
Prudential Singapore announced that it has received approval from the Monetary Authority of Singapore (MAS) to set up a new financial advisory firm. The company said in a statement that the new firm will offer a wider range of products and
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AIA’s Amplify Health Acquires AI Startup AiDA Technologies
Amplify Health, a healthtech joint venture between AIA Group and Discovery Group, has acquired Singapore-based AI solutions provider AiDA Technologies. AiDA was founded in 2016 by Dr Tan Geok Leng, Dr Shonali Krishnaswamy, and a team of data scientists from
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