InsurTech

Chubb Launches Work From Home Insurance for the Asia Pacific Region

Chubb announced today the launch of their Work from Home (WFH) Insurance that they claim is a market-first in Asia Pacific. As businesses adapt to living with COVID-19 and beyond, working from home is expected to remain a part of

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Singtel’s Dash App Launches Insurance Savings Plan Underwitten by Etiqa Insurance

Singtel has launched an insurance savings solution for consumers looking to start their savings journey. It is offered exclusively through Singtel’s Dash app and underwritten by Etiqa Insurance. This adds to their existing financial services which currently provides payments, mobile data

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Insurtech Picking up Steam in Asia

Insurtech is evolving rapidly in Asia with players taking big steps forward and deal counts multiplying as the growing wealth and middle class in huge markets like China, India and part of Southeast Asia, are bringing in opportunities for incumbents,

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NTUC Income Launches Snack, a Bite-Size “Stackable” Insurance Product

NTUC Income (Income) launched SNACK, which they described as an “innovative, industry-first insurance proposition that revolutionises the way consumers engage with, purchase and obtain insurance protection in Singapore.” Typically, an insured is required to pay insurance premiums at a fixed

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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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