InsurTech
Thailand insurance firm Roojai completes DirectAsia acquisition
Roojai, a Thailand-based online insurance company, has on Wednesday announced that it has completed the acquisition of Singapore-based insurance firm DirectAsia group. Roojai has entered into an agreement to acquire DirectAsia group from Hiscox.
Singapore’s bolttech raises $50M in Series B round led by LeapFrog Investments
Singapore-based insurtech bolttech has raised $50 million in Series B round led by impact investment firm LeapFrog Investments. The investment adds to bolttech’s recent Series B funding round, now totalling $246 million, the largest ever Series B round for an insurtech.
Hong Kong’s Bowtie secures $34.9M Series B2 funding to fuel expansion and innovation
Bowtie, a Hong Kong-based virtual insurer, has announced the successful completion of a $34.9 million Series B2 funding round. The round was led by main investor Sun Life Hong Kong Limited, with further participation by Mitsui & Co., Ltd.
Onedegree provides Oneinfinity Digital Asset Insurance to Rakkar Digital
Hong Kong-based virtual insurer OneDegree has on Wednesday announced that it has provided its OneInfinity digital asset insurance to Rakkar Digital, an Asian digital asset custody service provider, including directors and officers and wallet insurance.
Backed by three unicorns, Indonesia’s InsurTech firm PasarPolis gears up to disrupt insurance industry
In the interview, Van Zyl also shared PasarPolis’ short-term and long-term plans, the company’s strategy and the challenges it faced. He also shared his views on the overall insurance industry in Indonesia and Southeast Asia.
Southeast Asia’s pet ecosystem platform Petotum, Malaysia’s Etiqa General Insurance Bhd launches pet insurance product
PAWer Insurance introduces innovative features including cashless admission at panel veterinary clinics and a seamless claims experience for pet owners. Beyond insurance, "PAWer Insurance" is poised to unlock the full potential of the veterinary industry in Malaysia and contribute to responsible animal ownership and animal welfare efforts, the companies…
Regional InsurTech firm Igloo expands Thailand operations to support country’s $32B insurance industry
Igloo has appointed John Chen as Country Manager, Igloo Thailand. In his new role, Chen will spearhead the growth and operations of Igloo in the market, in addition to establishing more strategic partnerships and delivering an expanded range of insurance products to Thai consumers.
Insurtech Ouch! enters market as the first digital Takaful operator in Malaysia
Malaysia-based insurtech platform Ouch! has launched its first digital takaful product Pusara Pro in the country. The plan marks Ouch!’s formal entry into the takaful market as the first digital Takaful operator in Bank Negara Malaysia’s regulatory Sandbox.
Chubb survey: digital wallet race intensifies as banks, FinTechs invest in Insurance
The digital wallet race intensifies as banks and FinTechs inAsia and around the world invest in insurance, according to Chubb survey revealed on Wednesday. A majority (56 percent) of financial executives involved in insurance decision-making globally expect to generate more than 10 percent of their revenue from embedded insurance within three years.
FWD Startup Studio Accelerator application is open to Asia-based startups to apply
Application for FWD Startup Studio Accelerator Program is now open, with a focus on Asia-based startups that are venture-backed in insurtech or adjacent verticals. FWD Startup Studio, in collaboration with 1337 Ventures, is thrilled to announce the 5th cohort of FWD Startup Studio Accelerator, a game-changing 13-week program designed to catapult insurtech…
