InsurTech

Singlife Launches Singapore’s First Insurance Savings Plan with Visa Card to Spend

Digital insurer Singlife announced today that they have launched their mobile-first insurance savings plan, the Singlife Account. Previously on waitlist, the public is now able to download the Singlife App while an exclusively selected group of customers from the earlier

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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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