Singapore-headquartered international InsurTech, bolttech, has added leading-impact investment firm LeapFrog Investments as a strategic investor in an extension of its Series B round. LeapFrog's $50m investment adds to bolttech's recent Series B funding round, now totalling $246m, the largest ever Series B round for an InsurTech.
Based on information of fraud obtained through AI and ML anti-fraud initiative, India's government run health insurance scheme Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) has collected a penalty amount of INR95m ($1.15m) while 0.53m Ayushman cards have been disabled and 210 hospitals de-empanelled.
A study by private life insurer SBI Life and Deloitte has revealed that 71% of uninsured Indians feel insurance is a critical lever for building financial immunity
The 12 new teams that are joining the 11th cohort of the Lloyd's Lab will work on the new theme Asia-Pacific Climate Risk, Cyber and Sustainability. In addition, Data & Models and New Products will be the other two themes carried forward, with each InsurTech being aligned with one of the three themes.
According to a recent survey by Prudential plc, Empowering Aspirations: Financial Preparedness in Asia, more than 60% out of the 5000 respondents surveyed across Hong Kong, Indonesia, Malaysia, Singapore and Thailand stated their commitment to setting aside money specifically for health and income-related emergencies.
In 2022 more Singaporeans were aware of online scams and cyber security measures, as compared to 2020, (43% vs. 32%) yet many still fail to adopt cyber security practices.
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Asia Pacific countries including mainland China, Japan, South Korea, Hong Kong and Singapore are being confronted by falling fertility rates and environmental collapse that pose major threats to humanity.
Major Asia-Pacific reinsurance companies still managed to deliver strong year-over-year net premium growth of 8.1% in 2022, despite a sharp increase in catastrophe losses outside their home markets and a challenging investment environment, according to a new AM Best report.
International law firm DAC Beachcroft (DACB) has formed an association with Singapore-based Incisive Law to provide an offering to clients, covering Singapore and English law.