Industry Segments: Insurtech Page 1 / 11
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- November 26 2024
CoverGo takes FWD’s Louis Lee as APAC managing director
Hong Kong-based Lee was most recently group chief officer, digital commerce, for FWD Insurance based in Singapore.
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- November 26 2024
Sony Financial Group acquires Japanese digital insurer justInCase
The acquisition is aligned with the group's strategy to look at the small-amount, short-term insurance businesses as a way to expand its customer base.
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- November 8 2024
Global funding for insurtech tops US$1.38bn in Q3 driven by AI-centred deals: Gallagher Re
The number of deals struck in Q3 2024 fell to 77, the lowest in nearly four years.
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- October 29 2024
Tokio Marine-backed ICEYE plans continued rollout across Asia as demand for satellite risk data continues
Appetite for granular catastrophe-related information is now crucial in a market keen to keep a greater handle on cat exposures.
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- October 1 2024
NFRA unveils special insurance initiative for Chinese tech enterprises
The regulator's goal is to enhance offerings for businesses at various stages of their lifecycle in different areas, such as cybersecurity and R&D loss insurance.
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- September 26 2024
Gen AI, digital infrastructure foundational to enhancing customer experience: FWD
The Hong Kong insurance group's chief digital officer Ryan Kim shares how AI and technology can benefit insurers’ operations and distribution processes.
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- September 24 2024
Policy support and RBC to help insurers tackle emerging challenges: Michael Wong
The government has introduced policies and a new capital regime to help the sector tackle these challenges, said acting financial secretary Michael Wong inaugurating EAIC 2024.
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- September 2 2024
Roojai Group appoints Nicolas Fauvarque as group chief financial officer
For his new role, Fauvarque. who joins from the carrier P&V Group, has relocated to Thailand from Belgium.
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- August 30 2024
Aon’s White Rock sues China Construction Bank over Vesttoo fraud, claims US$140m
The lawsuit is another step to maximise recoveries for clients impacted by the Vesttoo fraud and make the bank accountable for the harm it has caused, Aon spokesperson told IAN.
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- August 5 2024
South Korean digital carrier Carrot gets exclusive rights to use behavioural-based motor insurance
Motor insurance, sold by 12 general insurers in Korea, is typically standardised with minimal differentiation, and therefore, exclusive rights are rare.
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- July 1 2024
Gen AI prophecy turns reality as insurers count cost benefits
Artificial intelligence, blockchain and embedded solutions are delivering tangible cost savings and enabling more competitive premium rates, senior insurance executives told an industry forum.
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- June 21 2024
Chinese insurtech Huize to buy controlling stake in Vietnamese startup Global Care
The deal marks Nasdaq-listed Huize's foray into the South-East Asia market and will introduce VinaCapital as a strategic shareholder of the Shenzhen-based insurtech.
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- June 17 2024
Chinese insurtech Yuanbao eyes US listing
The Beijing-based online broker is seeking approval from China's securities watchdog to issue up to 64.5 million shares on a US stock exchange.
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- May 23 2024
Fairfax-backed Go Digit makes a quiet trading debut
The US$314m IPO was priced at the top end of the price band valuing the digital insurer at US$3bn.
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- May 10 2024
China Construction Bank sued over Vesttoo fraud charges in US court
US company Porch accused the Chinese bank of enabling a “massive fraud” that caused “monumental losses” for the company, in a complaint filed to a New York court.
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- May 9 2024
Lexasure-owned Front Street Re appoints Edison Fong as CEO
New York-based Fong joins from reinsurer Converge Re, where he was a director focusing on reinsurance in life and annuities markets in the US.
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- May 7 2024
CelsiusPro launches parametric climate risk insurance for Indian women workers
The index-based product offered in partnership with Howden Insurance Brokers and Go Digit, provides financial protection against extreme heatwaves for women working in India's informal sectors.
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- April 29 2024
Indonesian broker Axle Asia rebrands as bolttech
The rebrand and renaming are expected to boost bolttech's solutions in the largest economy in South-East Asia.
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- April 12 2024
LeapFrog Investments taps Indonesia’s reform opportunities with full-stack insurtech
The insurance-focused investor believes that the winners in South-East Asia’s largest digital economy will be those that can steer away from an asset-light broking model, as it backs insurtech PasarPolis in ramping up its underwriting capability.
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- April 10 2024
Australian insurtech Honey raises US$71.5m in a series A funding
The investment for the specialist home insurance startup backed by RACQ was led by the US private firm Gallatin Point Capital.
