The number of subscribers of Ant Financial's mutual healthcare aid product, Xianghubao, has surged by around half to 76m over the last three months, the Hangzhou-based firm announced earlier this week.
Seven insurance companies emerged winners at the 9th Asia Insurance Technology Awards (AITA) last week.
Digital insurer RenewBuy has secured INR1.3bn ($19m) in a new round of equity financing, led by venture capital firm Lok Capital and IIFL Asset Management, an investment unit of financial services company IIFL Holdings.
Japan's Sumitomo Life Insurance is investing $90m for a 25% stake in local insurer Singapore Life (SingLife).
Insurers, agents and brokers are taking to short video apps to fuel sales, by uploading footage that explain insurance products to viewers.
Chinese one-stop online insurance service platform Huize plans to make an initial public offering in the US this year, targeting to raise funds of $100-200m, according to local media reports.
Speaking at the Global Insurance Forum last week, Cambridge Mobile Telematics director of corporate and strategic development Mohsin Rashid said that the telematics data it has collected revealed interesting insights on driver behaviour and causes of motor accidents.
Fraud leakage in China's motor insurance sector is about 20%, according to the 2019 China Insurance Industry Intelligent Risk Control White Paper" jointly issued by the Insurance Institute of China and the FinTech SaaS provider OneConnect.
UAE-headquartered insurance comparison website Souqalmal.com has received an online insurance broking licence in Bahrain and is set to expand to the country.
ZestMoney, a consumer-lending technology company with 5m customers has partnered with InsurTech player Digit insurance to offer insurance protection for Equated Monthly Instalments (EMIs) on loans taken on its digital platform.