Tag "insurance"

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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APAC Insurers Must Ramp up System Modernization Efforts

The COVID-19 pandemic has accelerated the adoption of digital technologies in all sectors and across all regions. In Asia Pacific (APAC), insurers have recognized the importance of system modernization for the long-term success of their business. Yet, most are still

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How COVID-19 Served as a Catalyst for Digital Insurance in Vietnam

In Vietnam, COVID-19 has been a catalyst for digital transformation in the insurance sector, forcing incumbents to ramp up their digital capabilities and embrace technology. Post and Telecommunication Joint Stock Insurance Corporation (PTI), one of the Vietnam’s top three non-life

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Interest in Thai Insurtech Sector Picks up

Interest in Thailand’s insurtech sector is picking up, with companies in the space closing million dollar funding rounds, incumbents ramping up digital capabilities, and foreign companies entering the market. So far, 2021 has seen two Thai insurtech companies securing funding.

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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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New Partnership Enables Filipinos to Get Salaries in Their Gcash Wallet

Singapore-based payroll services provider Excelity Global has partnered with Philippine mobile money wallet GCash to allow disbursement of salaries and reimbursements in an employee’s GCash account. This feature is directly integrated with Excelity’s payroll clients through the GCash App and

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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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Philippines: New VC Fund Gobi-Core Debuts Investments in Healthtech Startup MariaHealth

A recently-launched venture capital fund by Philippine-based VC company Core Capital and Malaysia-based VC Gobi Partners made its first two investments in a healthtech startup MariaHealth and an edutech firm called Edukasyon.ph. The VC fund Gobi-Core Philippine Fund (PH Fund)

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Top 100 Financial Inclusion Companies According to IFC

Through innovative business models, products and use of cutting-edge technologies such as artificial intelligence (AI), Big Data, digital identity and the Internet-of-Things (IoT), fintech companies are making significant progress in promoting financial inclusion, according to a new report co-authored by

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PolicyPal becomes the First Start-Up to Graduate from the Mas Fintech Regulatory Sandbox

Singapore-based startup PolicyPal today announced its graduation from the MAS FinTech Regulatory Sandbox and will commence operations as a registered direct insurance broker and exempt financial adviser under its subsidiary BaoXianBaoBao Pte Ltd from 1st September 2017. PolicyPal is the

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