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InsurTech tag returned 560 results

  • P&C insurers collect nearly US$1.5bn in premiums via WeChat app

    The overall premium income generated by the Chinese insurance industry through online channels reached approximately CNY69.5bn ($9.8bn) in 2018, a year-on-year increase of 41%.

    China | 23 Aug 2019
  • India: Max Life launches InsurTech accelerator

    New Delhi-headquartered insurance company Max Life Insurance, has announced the launch of Max Life Innovation Labs, an accelerator programme to harness InsurTech solutions.

    Asia | 23 Aug 2019
  • China: CPIC invests in insurance blockchain solutions provider

    China Pacific Insurance Group (CPIC) has become the latest investor in B3i, a blockchain solutions provider which is 100% owned by insurance market participants around the world.

    Asia | 23 Aug 2019
  • Malaysia: Labuan FSA licenses first Southeast Asian InsurTech firm

    Axinan, a Singapore-based InsurTech firm, has secured a combined general and reinsurance licence from Labuan Financial Services Authority (Labuan FSA) through its subsidiary Axinan Labuan Limited. It is the first Southeast Asian InsurTech firm to be licensed by Labuan FSA, which regulates the Labuan International Business and Financial Centre (IBFC).

    Asia | 22 Aug 2019
  • China: InsurTech startups attract millions in equity financing

    Chinese Internet giant Tencent is the lead investor in the Series B equity financing round of Xiaobangguihua, an InsurTech and online investment advisory service platform.

    Asia | 22 Aug 2019
  • True balance and ICICI Lombard partner to provide financial inclusion to the next billion

    True balance, the Fintech app, has associated with ICICI Lombard General Insurance to provide health insurance at affordable premium to its tier II and tier III Indian customers. These group policies aimed at promoting affordable and accessible health insurance.

    AIRPlus | 21 Aug 2019
  • Japan's largest P&C insurer joins InsurTech programme in Singapore

    Tokio Marine has partnered with corporate innovation platform Plug and Play's InsurTech programme in Singapore, following its first partnership with the platform in Silicon Valley, US in December 2017. The insurer will now have access to Plug and Play's network and the opportunity to work with curated startups from the APAC region for testing and implementation throughout their offices in Southeast Asia.

    Asia | 19 Aug 2019
  • Bahrain: Central Bank issues final rules on online insurance platforms

    The Central Bank of Bahrain (CBB) last week issued final directives for online insurance platforms which are also called insurance aggregators.

    Middle East | 19 Aug 2019
  • UAE: Health insurers set aside 3% of budget for technology

    Less than 3% of the budgets of health insurance companies in general are invested in technology and innovation, according to Dr Saif Al Jaibeji, co-founder and chairman of Sehteq, which operates a technology driven platform that allows consumers to choose their health insurance plans.

    Middle East | 19 Aug 2019
  • Digital transformation of property and life insurers expected to diverge

    The digital transformation of property insurance will be different from that of life insurance, say respondents to a poll on technology in insurance. They also believe that life insurance companies and property insurance companies will apply InsurTech in significantly different ways.

    China | 16 Aug 2019

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