News
Hong Kong’s Avo secures HK$260m in fresh funding
Hong Kong’s Avo secures HK$260m in fresh funding
The insurer plans to use the fresh capital for product development.
Lack of ‘political will’ won’t delay LIC IPO: Nirmala Sitharaman
India’s finance minister said they plan to finish the IPO by March.
Thailand insurance premium growth sluggish in 2021
This is due to a weakened economy with higher household debt.
PayMaya Philippines launches microinsurance service PayMaya Protect
The digital payments platform has teamed up with bolttech for this latest project.
South Asia digital personal P&C premiums to hit $7.5b in five years
Digital personal P&C insurance penetration rate in the region is at 1%-2%.
Will India’s motor insurance decline remain in the rearview mirror?
The recent increase in new auto sales helps get the industry back to the growth path.
Insurtech Surer clinches $1m seed funding
The startup was launched in September last year.
Sompo Singapore to use drones in future property risk assessments
The insurer recently obtained the necessary license from CAAS.
Rey Assurance boosts cashless claims with AXA partnership
Rey will work with AXA to remove friction from its cashless claims platform.
Thailand insurers offer vaccine allergy insurance
Ratings firm AM Best, however, cautions insurers to be careful of underwriting risks.
Global insurer Chubb acquires Cigna’s APAC business for $5.75b
Cigna has operations in seven markets in Asia-Pacific.
Federal court rules in favor of Australian insures in COVID-19 BI cases
The insurers avoided coughing up an estimated A$10b in payouts.
Allianz Life launches home care package for COVID-19 patients
This is in partnership with medical home care provider Speedoc.
Cracked phone screen? Indonesian e-wallet DANA has insurance for that
Users can get coverage for as low as Rp500.
FWD Group kicks off operations in Cambodia
This marks the 10th market the insurance firm has entered.
Muang Thai Life and ZA Tech teams up to launch digital products
They aim to create a seamless and personalised experience for customers.
China Development Financial acquires China Life
The merger will form Taiwan’s second-largest financial holding corporation.
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