InsurTech

Income Insurance and Allianz in Talks Over Potential Deal

Singapore’s Income Insurance Limited has announced that it is currently in discussions with Allianz regarding a potential transaction involving Income Insurance shares. This seems to indicate that a change in share ownership or a significant investment might be on the

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Lexasure and OneDegree Global Unveil New Cyber Insurance Platform

Lexasure, a reinsurance and insurtech solutions provider, and OneDegree Global, known for its IXT insurtech solutions and cybersecurity services, have announced a new collaborative cyber insurance solution. The platform, launched during the ITC Asia conference in Singapore, aims to tackle

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Grace Park Joins Prudential as Chief Data, Analytics and AI Officer

Prudential plc has announced the appointment of Grace Park as its new Chief Data, Analytics & AI Officer, effective 7 June 2024. Based in Singapore, Park will report to Chief Information Officer Ashley Veasey. In her new role, Park will

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Appian and Swiss Re Streamline Life Insurance Underwriting With AI

Appian, a software company that automates business processes, and Swiss Re have expanded their partnership to streamline the life insurance underwriting process and enhance the productivity of underwriters. The Connected Underwriting Life Workbench platform by Appian, which was successfully launched

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The Biggest Tech Trends in Asia’s Insurance Sector

In 2024, the insurance industry faces challenges caused by the rise in property and auto rates due to inflation, geopolitical uncertainties, and increasing regulatory scrutiny. Technology is emerging as a key driver for insurers navigating the turbulent landscape. A survey

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Singlife Completes Migration to AWS, Now Singapore’s First Cloud-Native Insurer

Homegrown financial services company Singlife has successfully completed its migration to Amazon Web Services (AWS). The firm claims to be the first insurer in Singapore to be fully cloud-based. Announced in late 2022, the multi-phased project, supported by AWS Professional

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Asia Pacific’s Cyber Insurance Growth Project to Triple Next Year

Asia-Pacific (APAC) is one of the fastest-growing regions for cyber insurance, according to a S&P Global survey. Over the past five years, the region’s cyber insurance market has grown 51.2% annually, making APAC one of the most dynamic market in

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JULO’s Smartphone Insurance Powered by Qoala Hits 200K Mark in 3 Months

Indonesian fintech company JULO has announced that it has provided insurance coverage to over 200,000 customers in just three months with its JULO Protect Plus product. It is a new feature embedded in the company’s virtual credit card solution. JULO collaborated

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HAVA.id Bolsters B2B Services with bolttech Device Protection Coverage

International insurtech company bolttech has entered into a partnership with Indonesian B2B procurement firm HAVA.id to provide comprehensive device protection solutions for the latter’s business customers. As part of this collaboration, HAVA.id will integrate bolttech’s device protection plans into its

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Over 1,800 Insurance Leaders to Gather at InsureTech Connect Asia 2024 in June

The InsureTech Connect Asia (ITC Asia) conference is set to bring together leading figures in the insurance industry at the Sands Expo & Convention Centre in Singapore from 4-6 June 2024. The event will gather 1,800 attendees, with 75% being

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