
Tag "insurtech"
Fintech in Asia: Adoption, VC Funding and Emerging Trends
Fintech has achieved initial mass adoption in most markets but particularly in developing countries where startups have excelled at tapping into tech-literate but financially underserved populations, according to a new report by EY. Fintech in Asia A survey of more
Read MoreInsurTech Turns A Boring Financial Tool Into A Lifestyle Product
A classic insurance product has two main problems: it’s boring, and it doesn’t have an obvious value for a customer who hasn’t had any insurance claims for years. By: Dmitry Rudash, Co-founder Raxel Telematics As a result, the very nature of
Read MoreSingapore Poised to Become a Hotbed for Insurtech in Asia
The insurance is on the brink of a major disruption and insurance companies are very much aware of that. According to a survey conducted by PwC, three in four insurers predict disruption of their business over the next five years.
Read More560MM InsurTech ASEAN Opportunity
As you probably already know, I’ve created InsurTechAsia as a vehicle to drive positive impact through the much needed changes in insurance. Focused on Asia as its the region that I’ve been immersed throughout my corporate insurance career. I fell
Read MoreTraditional Insurance Companies Forced By Insurtech To Innovate In 2017
The insurance industry had given us amenities that we take for granted today. For instance, the fire station is the invention of insurance companies. After the Great Fire of London, insurance companies built the modern fire stations to fight fires
Read More6 Insurtech Startups From Asia to Watch
In Asia, interest in insurtech grows as industry experts and observers perceive the region’s fast-growing economies and underinsured population as an untapped opportunity. While insurtech in Asia is still in its infancy, the sector is growing fast and attracting venture
Read MoreBIMA Leverages Mobile Tech to Bring Insurance Products to Developing Countries
With over 20 million customers and operations in 14 countries across Asia, Africa and Latin America, BIMA is a leading insurtech company that uses mobile technology to deliver affordable insurance and health services, and fuel financial inclusion in developing countries.
Read MoreReport: Nine out of Ten Insurers Fear Losing Part of Their Business to Startups
Annual investments in insurtech ventures have increased fivefold over the past three year, reaching a cumulative US$3.4 billion since 2010. As investment and interest in insurtech increase, insurers are feeling increasingly threatened by the new innovative ventures that are applying
Read MoreWhy Singapore Is The Perfect Location For Insurance Innovation And InsurTech Startups
What is the best way to drive innovation in insurance? In the last post, we’ve scratched the surface around the various corporate innovation models that exist in insurance industry. In the nutshell, the conclusion that we’ve arrived at is that
Read MoreInsurTech Startup PolicyPal Wants to Help People Manage, Track and Understand Their Insurance Policies
Earlier this month, notorious accelerator program Startupbootcamp Fintech Singapore unveiled the ten teams it had picked to integrate the program, among which PolicyPal, a young and ambitious startup that intends to help us manage our insurance matters more easily. The
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