Insurtech

September 20, 2021 @ 7:35 pm By Omar Faridi  |  

NTUC Income, an insurance cooperative based in Singapore, recently revealed that it has introduced a micro investment-related plan (ILP) via the SNACK by Income mobile app. SNACK Investment has reportedly taken a stackable approach that enables clients to create their investment portfolios with bite-sized premiums… Read More

September 20, 2021 @ 6:10 pm By Omar Faridi  |  

Insurtech firm Concirrus has introduced its next-gen platform for the (Internet of Things) IoT-enabled insurance sector. This new modular tech offering, which aims to leverage Concirrus’ extensive investment expertise and experience of working within the insurance market, will “allow insurers to accelerate their transition to… Read More

September 20, 2021 @ 9:55 am By Omar Faridi  |  

Crypto.com revealed on Monday (September 20, 2021) that it has expanded its total insurance coverage to $750 million, after increasing its policy coverage – which has been led by Arch Underwriting at Lloyd’s Syndicate 2012. As mentioned in a release shared with Crowdfund Insider, the… Read More

September 19, 2021 @ 4:55 pm By Omar Faridi  |  

Axiata Digital’s digital wallet Boost revealed earlier this week that it has further expanded its insurance offerings with the introduction of automobile insurance, called “CarProtect,” which has been underwritten by Great Eastern General Insurance (Malaysia) Berhad. The digital wallet provider stated that CarProtect provides clients… Read More

September 13, 2021 @ 8:39 pm By Omar Faridi  |  

AXA Affin General Insurance and Malaysia’s Finology, a Fintech firm focused on supporting efficient lending and insurance for individual consumers and businesses, have teamed up to allow clients to buy or renew car and motorcycle insurance and settle road taxes via online platforms. As noted… Read More

September 12, 2021 @ 10:22 pm By Omar Faridi  |  

UAE-headquartered healthcare financing platform Klaim has acquired $1.6 million via a pre-Series A round. Klaim’s investment round has been led by Mad’a Investments, a private equity company based in Saudi Arabia. Other investors also made contributions to the round, including Arzan Venture Capital and Wealth… Read More

September 8, 2021 @ 9:23 am By JD Alois  |  

Marshmallow, an Insurtech that provides a digital path for auto insurance, has raised $85 million at a $1.25 billion valuation thus vaunting it into Unicorn status. In the past 12 months, Marshmallow has raised $100 million. In a blog post, the UK-based firm said it… Read More

September 5, 2021 @ 5:16 pm By Xu Gao  |  

Data Security Law Comes Into Effect  On September 1st, the Data Security Law came into effect. Together with Cyber Security Law and Personal Information Protection Law, the three regulations shall lay the foundation for information security in China. The 29th session of the Standing Committee… Read More

September 2, 2021 @ 10:25 pm By JD Alois  |  

Shepherd, an Insurtech that offers “tech-enabled insurance for commercial construction,” has announced a $6.15 million seed round led by Spark Capital. Natalie Sandman, a partner at Spark, has joined the board of Shepherd. The funding included the participation of Susa Ventures, Procore Technologies, Y Combinator,… Read More

August 31, 2021 @ 10:23 pm By JD Alois  |  

Assurely and Otso have joined to offer commercial lease insurance. Assurely is an Insurtech that provides coverage to innovative new businesses like online marketplaces. This is Assurely’s first foray into the commercial real estate industry. Otso is a Fintech that offers an alternative to traditional… Read More

August 30, 2021 @ 9:17 pm By Omar Faridi  |  

Hong Kong-based OneDegree, an Insurtech firm under the Cyberport Incubation Program, revealed on August 30, 2021 that it has secured $28 million in capital through a Series B1 round. The company has secured more than $70 million, to date. As noted by its management: “In… Read More

August 23, 2021 @ 10:34 am By JD Alois  |  

bsurance and Amodo, two Austrian Insurtechs, have teamed up on a service to provide consumer car insurance. The new service is said to be the automotive industry’s first fully digital, usage-based solution that enables consumer car insurance to be purchased. bsurance and Amodo are combining… Read More

August 22, 2021 @ 7:28 pm By Omar Faridi  |  

Indonesia’s Lifepal, a digital direct-to-consumer (D2C) insurance marketplace, reveals that it has acquired an oversubscribed $9 million through a Series A round, bringing the total capital secured by the firm to $12 million. As noted by its management, Lifepal is the largest insurance marketplace in… Read More

August 22, 2021 @ 7:20 pm By Omar Faridi  |  

Malaysian Insurtech company VSure.life has reportedly acquired a RM12 million (appr. $2.83 million) investment from ACE market-listed Revenue Group via its wholly-owned subsidiary Revenue Harvest (as well as being approved by Bank Negara Malaysia’s or BNM, the nation’s central bank to take part in its… Read More

August 16, 2021 @ 6:34 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, reveals that it has committed to an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for $575 million. The goal or aim of this transaction is… Read More

August 15, 2021 @ 12:12 pm By Xu Gao  |  

Shenzhen to Pilot Chief Data Officer System According to a notice released on its official website on August 11th, Shenzhen municipal government, governments of Futian District, Nanshan District, Baoan District, Pingshan Districts, and eight city-level bureaus (including the public security bureau and human resources bureau)… Read More

August 13, 2021 @ 10:08 am By JD Alois  |  

Quotall, an Insurtech that provides a market for providers, is raising growth capital on Seedrs. Investors may purchase equity at a pre-money valution of £15.1 million. The securities offering secondary market approved so backers may access liquidity following the funding round. The offering is also… Read More

August 12, 2021 @ 3:24 pm By Omar Faridi  |  

Hippo, the home insurance group that established a new standard of care and protection for homeowners, reveals that it entered a new issuing carrier relationship with Ally Financial Inc. (NYSE: ALLY) subsidiary, Motors Insurance Corp., which is reportedly a 50 State carrier. The deal will… Read More

August 7, 2021 @ 1:15 pm By Xu Gao  |  

Shanghai Taxis Began to Accept Digital RMB Payments Shanghai Qiangsheng Taxi Company has equipped its 6000 clean energy taxis with digital RMB payment capability. Customers could hail these taxis on 62580 APP. When they arrive at their destination, they could scan the QR code on… Read More

August 6, 2021 @ 6:32 pm By Omar Faridi  |  

SIMON Markets LLC, a Fintech firm transforming the digital wealth management ecosystem for financial professionals through its alternative investment solutions, has shared its volume and usage highlights “underscoring its continued growth during Q2 2021.” SIMON reports YoY increases in “revenue of +103%, volume of +137%,… Read More