Tencent's insurance platform WeSure has signed a strategic cooperation agreement with Sinopharm Group and MedTree Health Technology, aiming to offer protection solutions by integrating private insurance and the health industry.
The Financial Regulatory Authority (FRA) has decided to establish a digital platform that includes all auto maintenance workshops and agencies and vehicle inspection experts, according to Mr Ibrahim Labib, head of the compulsory auto insurance group and head of the motor committee of the Insurance Federation of Egypt.
Chinese households have been able to protect their wealth from the COVID-19 pandemic and even increased their assets by more than +7% in the first six months of 2020, almost in line with the average of the last decade, says global insurer Allianz in its latest "Global Wealth Report".
WeSure, a digital insurance agency of Chinese Internet giant Tencent, tops the inaugural Hurun China Digital Insurance Agencies list, outperforming its rivals in terms of innovation capabilities and market performance throughout the past two years.
The Insurance Working Group of the EU Chamber of Commerce in China has asked the Chinese authorities to clarify Internet insurance business, including how foreign insurers can obtain an online insurance licence.
Strict regulation and a more risk-averse nature have hampered Japanese InsurTechs' efforts to grow in the past. However, the accelerated shift to digital the industry has seen during this pandemic could prove to be the catalyst needed for the sector to grow, while COVID-19 itself seems to have had minimal impact on InsurTechs.
The InsurTech sub-committee of the Singapore FinTech Association (SFA) has launched Singapore's first interactive InsurTech map, capturing Singapore's vibrant InsurTech ecosystem on the SFA's website.
360F, a Singapore-based financial technology company that offers insurers and banks solutions and implementation services to enable digital multi-channel distribution models and automated financial advice for insurance and investment, has entered the Middle East with a pipeline of projects and an anchor client, Zurich Insurance.
The InsurTech sub-committee of the Singapore FinTech Association (SFA) yesterday announced the launch of Singapore's first interactive InsurTech map, capturing Singapore's vibrant InsurTech ecosystem on the SFA's website.
The InsurTech sub-committee of the Singapore FinTech Association (SFA) has announced the launch of Singapore's first interactive InsurTech map, capturing Singapore's vibrant InsurTech ecosystem on the SFA's website.