Insurtech

Chinese P2P Lender Hexindai Announces Investor Insurance Coverage Agreement with Shanxi Zhengxuan Finance Guarantee

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it signed a cooperation agreement with Shanxi Zhengxuan Finance Guarantee Co., Ltd., which reportedly is controlled by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to provide investors on its platform with insurance coverage that… Read More

MetLife Opens Applications For Second MetLife Digital Accelerator Program

MetLife, Inc. (NYSE: MET) announced that applications are now open for the second MetLife Digital Accelerator powered by Techstars. The insurance giant revealed that the MetLife Digital Accelerator identifies and mentors startups around the globe that are developing transformational capabilities and potentially industry-disrupting technologies in… Read More

Insurtech: ZhongAn Partners with Grab to Create Joint Venture to Establish Digital Insurance Marketplace in Asia

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

Ping An Voyager Fund Leads Investment in AI HealthTech Airdoc

Ping An Insurance Company of China, Ltd. (HKEx: 2318; SSE: 601318) announced over the weekend that the Ping An Global Voyager Fund has invested in AI medical solution company Airdoc during its B+ round of funding. Ping An reported it has led the round along with… Read More

China: WeiyangX Fintech Review

Tsinghua PBCSF Releases “2018 Global Insurtech Report by Subsector” Early this month, the China Insurance and Pension Research Center of the National Finance Research Institute of Tsinghua University released the “2018 Global Insurtech Report by Subsector“. The report provides case studies of Insurtech companies in… Read More

The Cambridge Centre for Alternative Finance, Asian Development Bank Institute, and FinTechSpace Launch ASEAN Fintech Industry Survey

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School,  Asian Development Bank Institute and FinTechSpace have formed a partnership to launch the ASEAN Fintech Industry Survey – the first study of its kind. According to CCAF, the research will focus… Read More

UK Insurer Kingsbridge Acquires Insurtech Startup Dinghy

Dinghy, a UK-based insurtech platform specifically for freelancers, has been acquired from UK insurer Kingsbridge. This news comes just one year after Dinghy secured $1.2 million during its seed funding round led by Balderton Capital. As previously reported, Dinghy was founded in 2017 by co-founders Ben Wilks, Robert… Read More

Fintech Predictions for 2019. Where We Have Been & Where We Are Going

As we head into a market correction, 2019 and beyond will be very interesting for the evolving Fintech industry. This sector of finance saw significant M&A activity and massive fundraising during the 2nd half of 2018 and I predict that we will see more of… Read More

Aflac Announces $20 Million Minority Equity Investment in Insurtech Singapore Life

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Aflac Incorporated (NYSE: AFL) announced on Monday it has made a $20 million minority equity investment in Singapore Life Pte. Ltd., a life insurtech company based in Singapore. The insurance giant also reported its operating subsidiary American Family Life Assurance Company of Columbus plans to enter into a reinsurance agreement on certain protection… Read More

China: WeiyangX Fintech Review

Hong Kong Insurance Regulatory Authority Issues First Virtual Insurance License Under Fast Track On December 20th, Hong Kong Insurtech Bowtie announced that it has obtained the first virtual insurance company license issued by the Hong Kong Insurance Authority under Fast Track. Bowtie was founded by… Read More

TicketGuardian Secures $8 Million Through Series A Funding Round Led By American Family Ventures & IA Capital Group

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced this week it has secured $8 million through its Series A funding round, which was led by American Family Ventures and IA Capital Group. Founded in 2016, TicketGuardian is an… Read More

U.S. Insurtech Slice Brings Cloud Services to the UK & EU

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Thursday the availability of Insurance Cloud Services (ICS) in the UK and EU. Slice reported that the first customer to use ICS in the UK is Legal & General with the launch of on-demand,… Read More

Insurtech: the Milken Institute Publishes Report on Innovations in Insurance, Questions Disruption

While insurance may not be considered a ‘sexy’  industry it is incredibly important (most people consume it) and absolutely enormous at an estimated $4.1 trillion of annual gross premiums paid. Innovations in the insurance sector may transform the industry to a degree far beyond what… Read More

China: WeiyangX Fintech Review

Financial Authorities Ban STOs in Beijing On December 1st, at the 2018 Global Wealth Management Forum, Huo Xuewen, director of the Beijing Municipal Bureau of Financial Work, warned that STO activities in Beijing would be seen as illegal. He said: “A new concept called STO… Read More

CoverWallet Launches Insurtech Platform Specifically For Commercial Insurance

U.S.-based insurtech startup CoverWallet announced on Tuesday the launch of CoverWallet for Agents, which is described as a dedicated platform for insurance agents. According to CoverWallet, those using the new platform will benefit from a “fast, simple, and efficient” way to provide commercial insurance to… Read More

Fintech/Insurtech novae Forms New Partnership With Digital Tech Agency AAXIS to Strengthen White Label B2BC Digital Capability Framework alle2020

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has teamed up with digital tech agency AAXIS to continue the growth and development of the capabilities of alle2020, a global, white-label B2B2C digital capability framework it launched in October. According to Novae, alle2020 uses… Read More

Financial Solutions Provider LAFISE Group Selects Fintech & Insurtech novae As Digital Transformation Partner

LAFISE Group (LAFISE), a Latin American financial services provider, announced on Tuesday it has selected fintech and insurtech company novae to support its digital transformation. The LAFISE Group reported that as a first step in the process, the Dominican Republic locations of the group’s retail bank chain, Banco LAFISE… Read More

China: WeiyangX Fintech Review

IFR of Tsinghua University Launches Global Fintech Venture Competition (2018) at the 5th World Internet Conference On November 8, the 2018 Global Fintech Venture Competition (hereinafter referred to as the “Competition”) was officially launched at the Fintech and Credit Society Construction Forum of the 5th… Read More

Insurtech yulife Raises £3 Million with Participation from OurCrowd. Will Reward Users by Issuing “yucoin”

The “world’s first lifestyle insurance” firm, yulife, has raised £3 million. The funding round was led by LocalGlobe with participation from leading crowdfunding platform OurCrowd and AIG. yulife is scheduled to launch in the UK this week. yulife says it wants to make British companies… Read More

Ping An Continues to Implement their “Finance + Technology” Strategy as Earnings Rise

Ping An announced Q3 earnings this week for the quarter ending on September 30th. The company reported an operating profit of the parent company of RMB 85,637 million (USD $12.3 Billion), up 19.5% year on year. Net profit attributable to shareholders of the parent company rose… Read More

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