InsurTech

Aviva Singlife Appoints DBS Exec as Group CEO Following S$3.2 Billion Merger Deal

Insurer Aviva Singlife announced that it has appointed former DBS’ senior exec Pearlyn Phau as its Executive Director and Group Chief Executive Officer following its S$3.2 billion merger deal. The merger transaction between Singlife and Aviva is said to be

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Robo Advisor StashAway Expands Its Product Line With New Life Insurance Offering

Southeast Asian digital wealth manager StashAway has launched a group term life insurance policy underwritten by Prudential Singapore named StashAway Term Life. StashAway Term Life is a fully digital offering available on its app to Singapore residents where application for

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Why Consumers Should Not Rely Blindly on Financial Consultants for Their Financial Planning

The layman customer is extremely reliant on the financial consultant. The recent proliferation of simplified consumer-facing tools has helped many understand their financial gaps to a fair degree. However, when it comes down to creating a plan to close those

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OVO Ties up With Prudential Indonesia to Offer Shariah-Compliant Digital Life Insurance

Indonesian e-wallet unicorn OVO has expanded its partnership with Prudential Indonesia to launch a digital shariah life insurance product with affordable premiums. The Asuransi Jiwa Kumpulan Syariah PRUTect Care product is provided by Prudential Indonesia through insurance broker PT Salvus

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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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