InsurTech

Rabbit Care, Thailand’s direct-to-consumer insurance comparison platform and a subsidiary of BTS Group, has acquired GluayGluay.com, one of Thailand’s digital motor insurance brokerages, cementing its leadership as the top consolidator in Thailand’s fragmented insurance broker market.

Bolttech, the Singapore-based insurtech, announced Thursday its partnership with Sumitomo Corporation, a Japan-based trading houses, to deliver technology-enabled embedded solutions to distribution partners in Asia.

Singapore-based insurtech Igloo and Thailand conglomerate Jaymart Group's subsidiary JMT Network Services PCL have established a joint venture to offer insurtech solutions for Thailand.

PolicyStreet, a Malaysian insurtech company, has announced the launch of the Furniture Protection Plan (FPP) in partnership with Ashley Furniture HomeStore, with an intuitive claims portal set to launch in mid-May to further simplify furniture insurance.

Singapore-based insurtech firm bolttech has appointed Ridhi Chaudhary, Chief Investment Officer of Dragon Fund by Liquidity and MUFG, to its Board as a Non-Executive Director.

Malaysian Central Bank said Monday it has received encouraging interest from various parties in submitting applications for digital insurers and takaful operators (DITO) licence(s), just three months into the start of the two-year application window that began on January 2, 2025.

Singapore-based insurtech firm Igloo has entered 2025 with a strong push, launching new partnerships, introducing new products with existing partners across the region, and appointing a Chief Distribution Officer to grow its embedded insurance and sales intermediaries business lines.

YAS aims to disrupt traditional insurance by focusing on microinsurance, on-demand coverage, embedded insurance, and instant claims processing.

The Southeast Asia (SEA) InsurTech total funding plunged 61 percent to $193 million in 2024 from $495 million in 2023, in line with global funding downturn across sectors, Tracxn said Friday.

Fraudsters are becoming increasingly sophisticated, leveraging technologies that outsmart traditional systems. One solution is to invest in innovative technologies, such as artificial AI. Many companies have already integrated #AI to combat #insurance scams, helping insurers prevent them in various ways.