InsurTech

Moneymax partners FWD Life Insurance to offer life insurance in the Philippines

Moneymax, the Philippines-based personal finance marketplace for financial products and a subsidiary of MoneyHero Limited, has on Friday announced its strategic partnership with FWD Life Insurance (FWD Philippines) to offer life insurance in the Philippines.

Igloo partners with Tokopedia to extend insurance protection in Indonesia

Singapore-based insurtech firm Igloo has on Wednesday announced its partnership with one of Indonesia’s unicorns and leading e-commerce companies, Tokopedia, to make purchase protection products more accessible and convenient for consumers.

Indonesia’s PasarPolis reports two times revenue growth since its last funding round until 2023

PasarPolis, a Insurtech company based in Indonesia, has reported a 2 times revenue growth since its last funding round until 2023. It has maintained a positive gross margin since its first year of operation, demonstrating its financial strength and stability.

Indonesian insurtech Qoala raises $47M in Series C funding co-led by PayPal Ventures, MassMutual Ventures

Indonesian omnichannel InsurTech Qoala has on Tursday announced the completion of its Series C funding round, raising $47 million. The funding was co-led by PayPal Ventures and MassMutual Ventures.

Chubb partners Atome to co-create insurance products for SEA

Switzerland-based insurance firm Chubb and Singapore-based digital financial services platform Atome, have announced a regional partnership to help drive consumer protection across Southeast Asia.

Japan’s Sumitomo Life completes Singlife acquisition

Singapore insurer Singapore Life Holdings Pte Ltd (Singlife) announced Monday that it has become a fully owned subsidiary of Japan-based Sumitomo Life Insurance Company (Sumitomo Life).

Singapore insurtech Sunday acquires Indonesian general insurer KSK Insurance

Sunday Ins Holding, a Singapore-based regional full-stackinsurtech group, has completed the acquisition of PT KSK Insurance Indonesia in January. The deal makes the firm as one of the largest insurtech groups fully licensed in the two largest general insurance markets in the region with revenue surpassing $100 million.

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Trends shaping Southeast Asia’s insurance landscape in 2024

#Insurtech companies have emerged as catalysts for change, seamlessly integrating insurance into diverse platforms such as #ecommerce, #fintech, and #logistics. Through innovative solutions, they are democratizing access to insurance products, and bridging the gap between offline consumers and the digital marketplace.

PasarPolis unveils strategic plans to capture Indonesia’s Insurtech market opportunities

Indonesian insurtech PasarPolis has on Tuesday unveiled strategic plans to capture the insurtech market opportunities in the country. According to the firm, the insurtech industry anticipates a dynamic and transformative year in 2024.

KPMG : Singapore’s AI funding soars 77 pct to $481.21M in 2023 across 24 deals

Singapore's fintech sector has witnessed an extraordinary surge in funding for artificial intelligence (AI) technologies, despite a global downturn in fintech investments, KPMG said Tuesday. The AI fintech funding in Singapore skyrocketed to an impressive $333.13 million in the second half of 2023, marking a significant 77 percent increase from the $148.08…