The CBIRC yesterday announced its decision to impose administrative supervision measures against Anxin Property & Casualty Insurance, which is an online-only insurer.
Grab Financial Group (GFG), Southeast Asia (SEA)'s leading FinTech platform, yesterday announced that it has raised over $300m in its Series A funding round, led by Hanwha Asset Management, South Korea's leading asset management company.
The Bangladeshi government is undertaking a BDT6bn ($70.75m) project to ensure faster upgrading and digitalisation of the insurance sector, Mr M Mosharraf Hossain, chairman of the Insurance Development and Regulatory Authority (IDRA), has said.
Over four fifths (81%) of respondents in a regional healthcare survey say technology has improved their access to health services and nearly two thirds (60%) believe it has improved affordability.
BH Assurance, which underwent a rebranding exercise a year ago transforming itself from Assurances Salim, has implemented a digital transformation strategy.
The CBIRC is proposing revised conditions for insurers which engage in Internet life insurance business.
Hong Kong-based InsurTech OneDegree has entered into a strategic partnership with Bihubao, which runs one of China's biggest online reciprocal communities (ORC), to develop the first ORC for pets in China.
Singapore-based FinTech startup firm GoBear, which began operations as platform for comparing insurance plans of different insurers, has announced that it will cease operations and close its business.
Over 1,250 professionals took part in the 2020 edition of the African Insurance Awards which was held virtually on 18 December 2020 when the winners of the awards were announced.
AIA Group Limited has announced a regional strategic digital technology partnership with ZA Tech Global Limited (ZA Tech), a joint venture between ZhongAn Technologies International Group Limited and SoftBank Vision Fund 1.