InsurTech
Hong Kong’s OneDegree closes $55M Series B round to expand digital assets insurance
Hong Kong-based insurtech firm OneDegree Group has on Thursday announced that it has closed additional funding, taking its Series B round to $55 million. The new funding will be used to expand OneDegree Group’s digital assets insurance business and insurtech offerings globally as well as to broaden the product offering and deepen the market penetration of…
Singapore’s Igloo launches new insurance products across Southeast Asia
Singapore-based insurtech firm Igloo has launched a range of new insurance products aimed at addressing emerging risks and the underserved needs of consumers and businesses in Southeast Asia.
Khazanah leads PolicyStreet’s $15.3 million Series B fundraising round
Malaysia's sovereign fund Khazanah Nasional Berhad (Khazanah), under its Dana Impak mandate, recently led a Series B fundraising round of a Malaysian homegrown insurance technology (InsurTech) company, PolicyStreet, raising a total of $15.3 million. PolicyStreet recent fundraising round also garnered strong support from other local and international…
Singapore’s Foundation Healthcare enters Hong Kong in partnership with FWD
Singapore-based healthcare group Foundation Healthcare Holdings Pte. Ltd. (FHH) has announced that it has entered the Hong Kong market with the implementation of Smarter Health Pte. Ltd. (SH)’s digital pre-authorization platform, launched in partnership with FWD Hong Kong.
Singapore’s bolttech raises $196M Series B funding with an up-round valuation of $1.6B
Singapore-based insurtech firm bolttech has on Wednesday announced it has raised $196 million in connection with its Series B with an up-round valuation of $1.6 billion. The round was led by Japanese insurance firm Tokio Marine.
Tokio Marine, Finology, KirimMan partner to offer insurance to gig economy workers in Malaysia
Tokio Marine Insurans (Malaysia) Berhad (Tokio Marine), a subsidiary of Japan-based insurance firm Tokio Marine Holdings Inc., has partnered with Malaysia-based logistic solution KirimMan and Malaysia-based fintech company Finology, to offer affordable insurance products for gig economy workers in Malaysia, with a focus on delivery riders.
Indonesian insurtech firm PasarPolis sees significant growth potential in Indonesia
With less than two percent insurance penetration, Indonesia presents a market with significant headroom for growth, Indonesia-based insurtech firm Pasar Polis said Monday.
Singapore’s Igloo extends weather index insurance to coffee farmers in Vietnam
Following the success of the weather index insurance for rice farmers, Singapore-based insurtech Igloo expands its blockchain-based parametric index insurance to coffee farmers.
Thai insurtech Roojai raises $42M Series B funding led by HDI International
Roojai, a Thai-based online business to consumer (B2C) insurtech, has announced a $42 million Series B funding round led by HDI International, the international retail insurance division of the German Talanx Group.
FWD to enter Malaysian life insurance market with strategic investment in Gibraltar BSN
Hong Kong-based insurance firm FWD Group Holdings Limited will enter the Malaysian life insurance market following the signing of an agreement to invest in a majority stake in Gibraltar BSN Life Berhad (Gibraltar BSN).
