InsurTech

The Biggest Insurtech Funding Rounds of 2021 in APAC

2021 has been a record year for insurtech funding. As of Q3 2021, more than US$10.5 billion had been raised by companies in the space year-to-date (YTD), surpassing 2020’s total of US$7.1 billion by nearly 48%, data from insurance advisory

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Pand.Ai Unveils Bilingual Chatbot for Motor Insurance With Allianz, Etiqa, and MSIG

Singapore-based AI startup Pand.ai has unveiled GINA.sg, an English-Chinese bilingual WhatsApp chatbot that helps car owners find the most competitive motor insurance that suits their profiles. This was done in partnership with 3 major insurance companies namely Allianz, Etiqa, and

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NTUC Income Expands Micro Insurance Offering to Indonesia, Vietnam and Malaysia

NTUC Income, an insurance cooperative in Singapore, made its first overseas foray into three Southeast Asian markets namely Indonesia, Vietnam and Malaysia. The company had formed partnerships with PT Central Asia Financial (JAGADIRI) in Indonesia, Post and Telecommunication Joint Stock

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Singaporean Insurtech Surer Raises US$1 Million in Seed Funding Round

Surer, a Singaporean cloud-based insurtech platform, announced that it has raised US$1 million during a seed funding round. The insurtech raised the funds from Norwegian private investment company Kistefos, global specialist insurer Markel Corporation through its insurtech investing arm, Markel Digital

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Insurtech Firm 360F Appoints Peter Huber to Advisory Board

Singapore-based insurtech 360F announced the appointment of Peter Huber as a new advisory board member who will provide strategic guidance for the firm’s international expansion plans. Huber’s current appointment as Chief Insurance Officer at wefox is backed by over two

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Aussie Insurtech Firm Cover Genius Closes US$50 Million Series C Led by Sompo

Cover Genius, an Australian insurtech firm and embedded insurance specialist, announced that it has secured a strategic investment of US$50 million during a Series C funding round led by Sompo Holdings Asia. The round comprised primary and secondary capital, and

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Insurance Firms Losing Ground to Insurtechs as Funding Reaches All Time High

Despite rising coverage demand brought about by the global pandemic, customers are being left rather unsatisfied with the convenience, advice and reach offered by their existing insurance providers, creating opportunities for new players and insurtech firms, according to Capgemini and

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Singtel Dash, Etiqa Offer Free Insurance Coverage With Dash PET

Dash PET by Etiqa Insurance, an insurance savings plan created in partnership with Singtel Dash and Etiqa Insurance, has been helping users save better by providing access to high-returns savings in a low-interest environment since February 2021. From 9 September,

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EDBI Joins bolttech’s Series A Extension Totaling to US$210 Million

Singaporean insurtech unicorn bolttech has extended its recently-announced US$180 million series A funding round, bringing the series total to US$210 million. The previous round which was led by Activant Capital Group now adds two new strategic investors, Singapore-based global investor EDBI

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NTUC Income Launches Micro Investment-Linked Plan On SNACK App

NTUC Income, an insurance cooperative in Singapore, announced that it has launched a micro investment-linked plan (ILP) on the SNACK by Income mobile app. Touted to be an industry-first, SNACK Investment adopts a stackable approach that allows consumers to build

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