InsurTech

International insurtech firm discovermarket has announced its launch in the Philippines, starting with its partnership with Globe Telecom Inc. - a full-service telecommunications company in the Philippines, to launch its embedded personal cyber insurance product.

Grab-backed digital bank GX Bank Berhad (GXBank), Zurich General Insurance Malaysia Berhad and Zurich Life Insurance Malaysia Berhad, have jointly announced their ten-year exclusive bancassurance tripartite partnership to co-create micro protection products for underserved Malaysians.

Singapore-headquartered regional insurtech Igloo has partnered with Vietnam-based finance solutions Zalopay, Lotte Finance, FE Credit and digital insurer OPES to expand insurance coverage to broader underinsured communities in Vietnam.

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.

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.

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 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.

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.

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).

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.