InsurTech
Autonomous Vehicles Are Becoming a Reality in Singapore, Which Industries Will Be Most Affected by It?
Governments around the world are working hard to introduce autonomous vehicles to society. With prospects of improved safety, increased efficiency of public transportation and long term sustainability, it is not difficult to see why many countries are headed towards this
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Singapore Life Rebrands to Singlife and Launches a Debit Card
Singapore Life announced today the rebranding exercise to change its name from Singapore Life to Singlife. The digital insurer told Fintech News Singapore that since everyone is already referring to them as SingLife, they figured they might as well embrace
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Singaporean Insurtech Axinan To Provide Digital Insurance for Indonesian Unicorn Bukalapak
Singapore-based insurtech firm Axinan announced today their partnership with leading Indonesian e-commerce unicorn Bukalapak during a press conference. The collaboration between Axinan and Bukalapak will mark the first alliance between the two parties, amalgamating Axinan’s proprietary tech capabilities with Bukalapak’s
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Singaporean Insurtech Secures License from Labuan
Axinan, a Singapore-based insurtech firm, succesfully secured a combined General and Reinsurance license, issued by Labuan Financial Services Authority (Labuan FSA) a mid-shore jurisdiction in Malaysia. Labuan FSA is the financial regulator for Labuan International Business and Financial Centre, a statutory
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Grab Partners with NTUC Income to Launch Microinsurance Product for Critical Illness
Grab’s insurance arm, GrabInsure and NTUC Income jointly unveiled their micro insurance plan. “Critical Illness: Pay Per Trip (CIPPT)” in Singapore today. The parties involved stated that this microinsurance scheme is designed for Grab drivers better protect themselves against critical
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Singtel Makes First Foray into Insurance Market in Singapore
Singtel today announced its first foray into the insurance market, introducing Singapore’s first prepaid data plan and Dash mobile remittance service that comes with personal insurance cover, provided by NTUC Income (Income) and premiums paid for by Singtel. Singtel provides
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Singapore’s CXA Group Sets up a Tech Hub in Vietnam to Deepen AI Capabilities
Following their US$ 25 Million fund raising round, CXA announced that they are setting up a Tech Hub in Ho Chin Minh, Vietnam. CXA describes itself an AI driven platform for better health, wealth and wellness choices. The new launched
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Sumitomo Life Buys 25% Stake in Singapore Life for US$ 90 Million
Singapore Life seems to be a on a streak, as they raise yet another round funding this year. In this round, the homegrown insurtech company secure US$ 90 Million investment from Sumitomo Life Insurance company. Through this transaction Sumitomo Life
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Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder
One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now in the
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Singapore Life Raises Another US$7.3 Million from HK-Based Ion Pacific
Singapore Life has just raised US$7.3 million (approximately SG$10 million) from Hong Kong-based Ion Pacific, an asset management company, according to DealStreetAsia. Ion Pacific joins Aflac and Standard Life Aberdeen, Singapore Life’s original shareholders in this round of fundraising. Ion
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