Tag "insurtech"
Global Funding Trends Indicate a Rebalanced Fintech Sector in 2024?
The year 2023 marked a pivotal moment for the fintech industry, with the prevailing global funding trends encapsulating a period of introspection and recalibration amidst a backdrop of economic fluctuations, including notable bank failures and precipitous cryptocurrency downturns. This era,
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What’s Next For Digital Insurer Singlife After Its Merger With Aviva?
2020 was a good year for Singapore’s digital life insurer Singlife. The company completed its S$3.2 billion merger deal with Aviva Singapore, the largest transaction ever in the Singaporean insurance sector. It also launched the Singlife Account, a mobile-first insurances
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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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Top 28 Fintech and Insurtech Innovation Labs in Singapore
Singapore, which has set out to become one of the leading fintech hubs in the world, has witnessed the establishment of dozens of innovations labs in recent years as banks and foreign tech firms are looking to capitalize on the
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Prudential’s PRU Fintegrate 2018 Taps Scale-Ups For Deeper Innovation
Prudential Singapore’s second edition of its digital innovation programme, the PRU Fintegrate Partnership (PRU Fintegrate) is this year inviting scale-ups from all over the world to join its innovation fray. The insurance provider is aiming to build synergistic partnerships with
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Insurtech As An Enabler Rather Then A Disruptor: Report
The insurance industry is undergoing profound changes, driven by new customer expectations, emerging technologies, and sustained downward pressure on margin. Since 2015, insurtech players have boomed globally and while initially perceived as potential threats, these are now quickly emerging as
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Grab Drives Fintech Ambitions with Grab Financial
Following Grab’s previous announcement on GrabPay and acquisition of Kudo, Anthony Tan, Co Founder and Group CEO announced the company’s ambitions to further strengthen their play in the fintech ecosystem through Grab Financial during his keynote at Money 20/20. Grab Financial will encompass
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Why the Insurance Industry needs to Digitalise
Digitalisation benefits the entire insurance industry. From simplifying complex policies and streamlining approval processes, digitalisation can have a positive impact on all parties including customers, agents and brokers. On the internet, 80%1 of local financial research is largely centered on
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Malaysian Insurtech Company, Fatberry Launches
Malaysia’s insurtech company, FatBerry.com launched a digital marketplace for insurance providing Malaysians with a way to get insured in two minutes. In conjunction with the launch, FatBerry.com also announced its partnership with Tune Protect Malaysia, the an online retail portal
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Insurtech Set to Change Asia’s Insurance Market
UBS says that Asia’s underinsured market presents ripe opportunities for insurtech startups. In a UBS report titled Shifting Asia, it noted that Asia is one of the most underpenetrated insurance markets in the world. Emerging Asia held 43 per cent
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