Insurance
Sydney-based insurtech Upcover nabs $4.7m in seed round
Sydney-based insurtech Upcover nabs $4.7m in seed round
The funding comprises of $2.7m in equity and $2m in debt.
LIA Singapore launches extended panel initiative for IP policyholders
This allows policyholders access to over 1,000 private specialists.
Korea Exchange rejects Kyobo Life IPO application
The reason for the denial is discord amongst major shareholders.
China’s Citic mulling buying stake in Dajia insurance group
Citic could end up buying a 20% stake in the company.
FWD Group names new group chairman
Ronald Arculli will be retiring from the role
Cheaper insurance as IRDAI greenlits tech-enabled cover for motor
This will enable Indian insurers to offer analytics-based policies.
More Taiwan insurers set to inject capital after losses
The surge in COVID-19 policy claims had put several insurers in the red.
Dai-ichi Life invests $90.34m in UK insurtech firm
It plans to use this investment to enhance its existing business.
Miller acquires Japanese broker
The broker specialises in hull, war risks and protection & indemnity insurance.
What can blindside Australia’s growing general insurance industry
Natural catastrophe may hinder the potential CAGR of 6.4% through 2025, analysts warned.
Longer life is a potential financial nightmare for Singaporeans
This is the case for more than half of uninsured retirees.
Indonesian insurtech Rey Assurance nabs $4.2m funds in seed round
The round was co-led by the Trans-Pacific Technology Fund and Genesia Ventures.
How Qoala cuts policy issuance waiting period to 1 hour
Usually, it takes up to 14 days to process the initial insurance onboarding.
Better Hong Kong margins a tailwind for AIA Group’s growth: analyst
However, the weakening Asian currency may keep the group from soaring too high.
Doo Group acquires unnamed Hong Kong insurance broker
The newly acquired firm will now be known as Doo Wealth Management HK Limited.
Chubb rebrands Cigna’s life operations in New Zealand
The current CEO will still take the lead in the rebranded Cigna.
Increase in profits still too slow for Taiwan’s insurance industry
For a developed country, insurance penetration remains low at 1%.
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