Tokio Marine Asia has formed a strategic partnership with Arbor Ventures, a leading global FinTech / InsurTech-focused venture capital firm, headquartered in Singapore.
The Economic Community of West African States (ECOWAS) plans to digitise the Brown Card in all the countries of the community area.
A report published by reinsurance broker Gallagher Re states that global investment in the InsurTech sector of $2.41bn in Q2 2022 was 8.3% greater than the total in Q1, but still 50.2% below 2021's record-breaking second quarter.
The UAE's largest Shariah-compliant insurer Islamic Arab Insurance Company (SALAMA) has formed a partnership with start-up Wellx, the region's first-of-its-kind wellness-centric health insurance platform.
The life insurance industry is going through a churn, as digitalisation takes centre stage but personal interaction is still vital for its survival.
The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia.
The Insurance Federation of Egypt (IFE) indicates that insurance companies will rush to pump additional investments in digital technology, aiming to achieve significant growth and economic recovery, despite continuing concerns about COVID-19 variables.
ZhongAn Online P & C Insurance is expected to record a net loss of approximately between CNY650m ($96m) and CNY750m ($111m) for the six months ended 30 June 2022, as compared to an unaudited net profit of CNY604.1m for the corresponding half of 2021.
New York-listed Waterdrop, a leading technology platform dedicated to insurance and healthcare services, has announced that it has partnered with China United Property Insurance and Yong An Insurance to launch customised critical illness plans.
Motor insurers are now paying more attention to InsurTech as they seek to maintain profitability during the COVID-19 pandemic because technology allows precise analyses of policyholders' driving patterns.