Search Results for: Sumitomo Life Insurance Company

March 6, 2025 @ 9:52 pm By Omar Faridi  |  

Coalition, the Active Insurance provider designed to prevent digital risk before it strikes, announced a new $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a member of MS&AD Insurance Group (MS&AD), the non-life insurer in Japan and across the Asian-Pacific region. The… Read More

December 22, 2023 @ 4:11 am By Michael Wong  |  

Sumitomo Life Insurance Company (Sumitomo Life) has agreed to acquire all shares of Singapore digital insurer Singlife held by TPG, which currently owns about 35% of the insurtech firm. Furthering its investment, Sumitomo Life plans to extend offers to purchase shares from the remaining shareholders… Read More

September 14, 2023 @ 10:08 am By Michael Wong  |  

In a strategic move aimed at streamlining its operations and capitalizing on growth opportunities, British insurer Aviva plc has unveiled plans to sell its 25.9% stake in Singapore Life Holdings Pte Ltd, commonly known as Singlife, along with two debt instruments, to Sumitomo Life Insurance… Read More

March 2, 2021 @ 11:15 pm By Omar Faridi  |  

The Insurtech industry in Thailand has been growing steadily with firms in the sector consistently finalizing million-dollar investment rounds. Meanwhile, traditional insurance service providers in the country have been working on their digital transformation strategies in order to remain competitive, as foreign companies are also… Read More

July 1, 2019 @ 3:26 pm By Samantha Hurst  |  

Singapore Life, a Singapore-based insurtech startup, has reportedly received a $90 million investment from Sumitomo Life Insurance. Founded in 2014, Singapore Life describes itself as a life insurance company fully licensed by the Monetary Authority of Singapore that is built on the belief that “the… Read More

June 22, 2024 @ 5:41 pm By Michael Wong  |  

Southeast Asia’s tech sector has experienced a pronounced slowdown in funding during the first half of 2024, securing only $1.6 billion—a sharp 65% decline from the $4.5 billion raised in the same period last year, according to Tracxn’s latest “Geo Semi-Annual Report: SEA Tech H1… Read More

July 17, 2023 @ 4:22 am By Omar Faridi  |  

Global Brain Corporation, Sumitomo Mitsui Banking Corporation (SMBC), and SMBC Venture Capital Management Co., Ltd. will jointly establish JPY 30 billion “SMBC-GB Growth Fund” in order “to enhance its capabilities to invest in promising startups that will underpin future economic growth in Japan.” While many… Read More

February 17, 2022 @ 11:17 pm By Omar Faridi  |  

In a sign that we are all moving from quantum exploration to quantum production – and that quantum software development is an important ingredient in gaining quantum advantage – Classiq, which offers a platform for Quantum Algorithm Design, announced that it has secured $33 million… Read More