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
Read more in: Insurtech, Asia | Tagged Digital Insurer, insurtech, singapore, singlife, Sumitomo Life
Lendela, a Singapore-based digital loan matchmaker, has announced raising $5 million in funding anchored by Chocolate Ventures, a venture investment firm started by Singlife founder and former group CEO Walter de Oude. The Series A funding round was also backed by Lendela’s seed investor Cocoon… Read More
Read more in: Fintech, Asia | Tagged fintech, lending, online lending, singapore, singlife
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
Read more in: Asia, Insurtech | Tagged aviva, insurance, insurance technology, insurtech, singapore, singlife
Singlife recently signed a Memorandum of Understanding with Microsoft (NASDAQ: MSFT) to support high-growth insurance startups to adopt generative artificial intelligence (AI). Singlife is the first financial services partner “to collaborate with Microsoft for the Startups Programme in ASEAN for budding insurtech startups to scale… Read More
Read more in: Insurtech, Asia | Tagged ai, apac, artificial intelligence, generative ai, insurance, insurance technology, insurtech, memorandum of understanding, microsoft, MOU, singlife, startups, varun mittal
Homegrown financial services company Singlife has appointed Citi and BlackRock Aladdin to “provide it with a comprehensive technology platform to unify and transform its asset management capabilities across its front, middle and back-office offering.” Citi and BlackRock Aladdin previously “entered into an alliance to leverage… Read More
Read more in: Asia, Fintech, Insurtech | Tagged asean, asset management, blackrock, citi, financial services, singapore, singlife, southeast asia
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