InsurTech
Southeast Asia’s InsurTech funding plunges 61 percent on year to $193M in 2024
The Southeast Asia (SEA) InsurTech total funding plunged 61 percent to $193 million in 2024 from $495 million in 2023, in line with global funding downturn across sectors, Tracxn said Friday.
How AI combats business insurance fraud
Fraudsters are becoming increasingly sophisticated, leveraging technologies that outsmart traditional systems. One solution is to invest in innovative technologies, such as artificial AI. Many companies have already integrated #AI to combat #insurance scams, helping insurers prevent them in various ways.
E-commerce platform Shopee partners Malaysia’s Takaful IKHLAS to offer Shariah-compliant motor insurance
The latest addition to Shopee’s growing suite of digital insurance and takaful offerings, IKHLAS Private Car Comprehensive Plus Takaful, aims to provide holistic, Shariah compliant motor takaful protection to users.
Singapore’s bolttech raises over $100M in Series C funding round funding led by Dragon Fund
Bolttech, the Singapore-based insurtech, has raises over $100 million in Series C funding round funding led by Dragon Fund by Liquidity and MUFG.
Xiaomi-backed Indonesian insurtech firm PasarPolis to launch in Singapore soon [Q&A]
In the interview with TNGlobal, Van Zyl shared the importance of the partnership with GoTo, the company’s plans and strategy expanding in Southeast Asia. He also shared PasarPolis' competitive edge against other insurtech firms and traditional insurance companies, among others.
Global Insurtech firm discovermarket expands into Latin America, launching in Brazil
With this expansion, discovermarket aims to transform the future of embedded insurance in the region by bringing innovative insurance solutions, technology, and expertise to Latin America’s rapidly evolving Insurtech landscape.
Thailand Post partners with insurtech firm bolttech to launch online motor insurance
Powered by bolttech, this innovative offering provides coverage for personal cars and trucks, including compensation for death, disability, loss of limb, and medical expenses.
Singapore’s insurtech firm Igloo eyes M&A opportunities as it continues to expand across Southeast Asia [Q&A]
TNGlobal has recently interviewed Igloo Co-Founder and Chief Executive Officer Raunak Mehta, to learn more about its plans in the Philippines, Thailand and across Southeast Asia.
PasarPolis partners Gojek to expand insurance access in Indonesia
Indonesian insurtech firm PasarPolis has announced a major expansion of its strategic partnership with GoTo Group's on-demand service firm Gojek, to expand insurance access in Indonesia.
OneDegree achieves first operating profit in third quarter
OneDegree Group, a cyber security and insurance group, announced Wednesday that it has reached its first operating profit in the third quarter of 2024, marking a significant milestone for both the group and its insurance arm.
