InsurTech

Singapore's insurtech bolttech announced Wednesday that it has closed Series C fundraise at $147 million, reflecting a company valuation of $2.1 billion.

Hong Kong-based insurer AIFT and Taiwan-based insurer Shin Kong Life have signed a strategic cooperation agreement on Thursday to enter Vietnam's digital insurance.

Igloo, a Singapore-based regional insurtech, has launched Igloo tech solutions to boost insurance operations in Southeast Asia.

Amazon Web Services (AWS), an Amazon.com company, announced last Thursday that bolttech, a Singapore-headquartered international insurtech company, is implementing AWS’s generative artificial intelligence (Gen AI) solutions across their customer- and internal-workflows, enhancing operational efficiency and customer experiences while reducing costs.

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.