InsurTech
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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Former Lazada Execs’ Insurtech Lifepal Raises US$9 Million in Series A Fundraise
Lifepal, an Indonesian digital direct-to-consumer (D2C) insurance marketplace, announced it has raised an oversubscribed US$9 million Series A funding round, bringing the total capital raised to US$12 million. The funding round was led by ProBatus Capital with participation from Cathay
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HSBC Inks US$575 Million Deal To Acquire AXA Singapore’s Insurance Assets
HSBC said that it has entered into an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for US$575 million. The intention of this deal is to merge the operations of HSBC Life Singapore and AXA Singapore,
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Fast-Growing Aussie Insurtechs Choose Singapore as Gateway to Southeast Asia
Singapore’s burgeoning fintech landscape, reliable physical infrastructure and progressive regulations are attracting Australia’s fast-growing high-potential, insurtech startups looking to take on Southeast Asia. Citing the city-state’s strategic location, high digital adoption, vibrant ecosystem of industry stakeholders eager to embrace cutting-edge
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Newly-Minted Unicorn bolt Makes Two New Key Appointments for Its Next Growth Chapter
bolt, insurtech exchange for the property and casualty insurance industry that is a part of the bolttech group, has announced two key changes to its senior leadership team to accelerate its next chapter of growth. bolttech had recently achieved unicorn
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Prudential Makes Financial Push With New Wealth Offerings in Its Pulse App
Prudential Singapore has rolled out new wealth solutions on its health and wellness app Pulse by Prudential to make it simpler for everyone to begin their financial planning journey. The insurer will first launch the wealth solutions in Singapore with
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bolttech Plots European Expansion With Its Acquisition of Swiss-Based i-surance
Singaporean insurtech firm bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Switzerland. The acquisition of i-surance extends bolttech’s global footprint from 14 to 26 markets across North America, Asia, and Europe, adding 12 new
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