InsurTech

Insurtech Bolttech Expands Its Footprint to South Korea With LG U+

bolttech, an insurtech company that is a part of the Pacific Century Group, announced its expansion into South Korea through the launch of its partnership with LG U+, one of South Korea’s telecommunications carriers. LG U+’s customers around the country

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Revolut Singapore Ties up With Insurtech to Offer Lifestyle-Based Insurance

Revolut and SNACK by NTUC Income, an insurance cooperative in Singapore, announced a partnership to incorporate lifestyle-based insurance offerings. SNACK, launched in June this year, offers stackable, micro-insurance that integrates into their customers’ daily lifestyle activities. The app has partnered

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Singlife to Merge with Aviva in Singapore’s Largest Insurance Deal Valued at S$3.2 Billion

Singapore Life Pte. Ltd. (Singlife), a homegrown insurer, offering mobile savings and protection solutions, today announced it has entered into a transaction with a view to combine with Aviva Singapore. Valuing the combined Singlife and Aviva Singapore entities at S$3.2

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Insurtech Platform Igloo Lands Partnership With Union Bank and Akulaku for Micro-Insurance

Igloo, Singapore-headquartered insurtech firm, announced partnerships with Union Bank of the Philippines and Indonesia’s Akulaku to offer micro-insurance policies. Akulaku is one of Indonesia’s most well-funded fintech startups who is best known for their “buy now, pay later” service. Igloo

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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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