InsurTech
Singapore’s Igloo raises additional $27M, bringing Series B total funding round to $46M
Singapore-based insurtech Igloo has on Tuesday announced that it has successfully raised an additional $27 million in its Series B extension, bringing a close to its Series B funding round at $46 million. The initial Series B capital raise of $19 million in March this year was led by Cathay Innovation, with further investments from ACA and other existing…
Igloo launches blockchain-based weather index insurance for rice farmers in Vietnam
Singapore-based insurtech Igloo, in partnership with PVI Insurance, Vietnam Meteorological and Hydrological Administration (VNMHA) and international reinsurer SCOR, on Tuesday announced the launch of the country’s first weather index insurance - a blockchain-based parametric index insurance product that automates insurance claims of rice farmers.
Singapore’s Gigacover doubles down on transportation and logistics amidst profitability
Singapore-based insurtech Gigacover has bolstered performance through recently-inked partnerships with leading insurance brokerage firm, ComfortDelGro Insurance Brokers, and leading smart logistics platform, Zeek.
Singapore-based insurtech Bolttech closes Series B investment at $1.5 billion valuation
Bolttech, a Singapore-based insurtech company, announced Monday Tokio Marine, alongside other shareholders, will lead its Series B funding round. The investment values bolttech at an up-round valuation of approximately $1.5 billion, one year after it closed the largest ever Series A funding round for an insurtech.
Singapore’s bolttech acquires majority shareholding in Indonesian broker Axle Asia
Bolttech, the Singapore-based international insurtech, announced Thursday it has completed the acquisition of a majority shareholding in PT Axle Asia, an established insurance broker in Indonesia.
YAS MicroInsurance completes $4.5M Pre-Series A round led by Noria Capital, ZEMU VC & JKL Capital
YAS MicroInsurance (YAS), an insurance on-blockchain pioneer in Hong Kong, has announced the completion of their Pre-Series A fundinground, raising $4.5 million. The round was led by Noria Capital, ZEMU VC and JKL Capital.
Indonesia insurtech PasarPolis partners Shopee for SEA expansion
Indonesia-based insurtech PasarPolis has partnered with e-commerce giant Shopee to provide affordable and accessible insurance for customers across Indonesia, Thailand, and Vietnam. With expansion plans across Southeast Asia, PasarPolis currently has partnerships with over 50 insurance providers and digital giants including Gojek, IKEA, Xiaomi, and more.
Vietnamese insurtech firm Medici raises Series A funding for technology infrastructure
The emerging insurtech and healthtech platform based in Vietnam Medici has been backed with an undisclosed amount in Series A funding from its existing investors, including lead investor Jungle Ventures, Insignia Ventures Partners and Wavemaker Partners.
Indonesia’s Rey Assurance raises $4.2M seed round co-led by the TPTF and Genesia Ventures
Rey Assurance (Rey), an insurtech company in Indonesia, announced Wednesday $4.2 million in seed funding to advance its digital health products and leading technology platform. The round was co-led by the Trans-Pacific Technology Fund (TPTF) and Genesia Ventures and joined by RDS.
YAS MicroInsurance and Amodo join forces to enable autonomous insurance on-chain
YAS MicroInsurance (YAS), a Hong Kong-based insurance on blockchain frontier, said Thursday it is joining forces with Amodo, a Croatia-based telematics insurtech company, to deliver autonomous insurance on-chain. This collaboration symbolises the new age of insurance against the backdrop of smart cities.
