InsurTech
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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Singapore Life Raises Another US$7.3 Million from HK-Based Ion Pacific
Singapore Life has just raised US$7.3 million (approximately SG$10 million) from Hong Kong-based Ion Pacific, an asset management company, according to DealStreetAsia. Ion Pacific joins Aflac and Standard Life Aberdeen, Singapore Life’s original shareholders in this round of fundraising. Ion
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Tryb Group Invests into Filipino Insurance Marketplace Maria Health
Maria Health, a Filipino aggregator for health insurance, has secured an undisclosed amount of seed funding from the tryb group, with participation from Gobi Ventures, Wavemaker, Hustle Fund and Grand Metro Holdings. Maria Health will use the additional funding to
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Here’s How Insurtech is Tackling Singapore’s Ageing Problem
Let’s suppose you accidentally tore your ligament in the knee while exercising in the gym tomorrow. Do you know how much you’d need to pay for medical fees? Before we reveal the answer, there’s a saying amongst Singaporeans: it’s cheaper
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3 Lessons Other Insurers Should Learn from Ping An
Insurance companies have been slow to adapt to a digital-first approach. In an increasingly digital world, many insurers are put in a tough spot as they struggle to keep up with the demands of a new generation of consumers. Taking
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Mitsui Sumitomo Just Launched Their Digital Hub in Singapore
Mitsui Sumitomo an insurance giant hailing from Japan, and they just announced the setup of their global digital hub in Singapore—at its Asia regional office. The digital hub has been established in Singapore since February 2019. The announcement also mentions
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Saphron Raises SGD 1.35 M to Tackle Financial Inclusion in the Philippines
Manila-based insurtech startup Saphron has raised SGD1.35 million seed fund coming from fintech-focused VC fund Sage, and Talino Labs, a venture lab that supports companies engaged in digital transformation. Founded recently by solutions architect Francisco “Kiko” Reyes Jr, Saphron plans
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