Industry Segments: Fund raising Page 6 / 7
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- April 30 2021
Allianz-backed WeLab eyes IPO: report
The Hong Kong headquartered digital bank and insurtech could be valued at US$1.5-2bn.
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- April 20 2021
D&O cover in spotlight as Asia eyes SPACs boom
Expert tells IAN the market has seen an increase in enquiries for cover from Asia-based funds.
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- April 19 2021
China’s Waterdrop plans NYSE IPO
The insurtech saw GWP top US$2bn in 2020 according to a regulatory filing.
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- March 31 2021
Philippines insurtech targets SE Asia after aggregator launch
Kwik.insure founder tells IAN it is eyeing Vietnam following local tie-up with 15 insurers.
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- March 11 2021
Insurtech Profile: Igloo
Company founder and CEO Wei Zhu tells IAN the cloud-based micro-insurer is eyeing an acquisition in one of its existing markets.
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- March 10 2021
Korea’s Shinhan raising funds for potential P&C buy: report
The country's general insurance market has also drawn interest from leading digital platforms like Kakao and Naver.
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- March 8 2021
WeLab targets Asia insurance after US$75m fundraising
The Series C round was led by the digital investment unit of Allianz.
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- March 5 2021
Singapore’s Symbo targets India after US$9.4m fundraise
Insurtech to make senior hires after attracting new investors from China and the US.
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- February 17 2021
Insurtech profile: Galileo Platforms
The Hong Kong-based blockchain specialist's partners include Singlife Philippines, Amodo and DXC.
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- January 28 2021
China, India insurtechs raise over US$270m in Q4 2020: WTW
Global fundraising hit an all-time annual high of US$7.1bn.
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- January 14 2021
Vietnam’s MoMo raises US$100m in Series D round
The insurtech’s partnership with state-owned Bao Viet offers motor, health and travel coverage.
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- January 6 2021
Singapore insurtech GoBear shutters doors
An inability to raise new funds amid Covid-19 cited as the reason for the closure.
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- December 18 2020
Asia insurtech fundraising 2020 review
Waterdrop’s US$230m “mega round” with Swiss Re was the largest deal this year.
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- December 15 2020
Prudential Financial VC fund eyes APAC insurtechs
PruVen Capital will hold US$300m in capital in its first fund.
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- November 26 2020
Mitsui Sumitomo invests US$350m in insurtech Hippo
Japanese giant and US start-up ink partnership, which includes a reinsurance treaty.
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- November 24 2020
China’s Waterdrop raises additional US$150m from Tencent: report
Chinese giant increases stake in healthcare start-up which could be valued at US$4bn.
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- November 9 2020
Acko’s US$200m fundraising highlights India’s fast-growing insurtech sector
The market is primed for more digital-only players and greater investment.
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- October 28 2020
Mega-deals fuel Asia insurtech as funding surges: WTW
Huge life and health fundraisings in China and India led the way in Q3.
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- September 16 2020
Munich Re leads Indian insurtech’s US$60m fundraise
The new round brings Acko's valuation to around US$500m in a thriving market.
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- July 9 2020
India’s insurers may power state start-up funds
National insurers (such as GIC and LIC) are seen as large reservoirs of untapped capital.
