News
UK-based reinsurance broker acquires VIB
VIB will also rebrand into BMS Korea under the BMS Asia Team.
UK-based reinsurance broker acquires VIB
VIB will also rebrand into BMS Korea under the BMS Asia Team.
Bowtie bags $22.6m in Series B1 funding round
The virtual insurer plans to use the fresh funds for its Asia expansion.
QBE boosts home insurance with Kangaroo smart home security tech
This will allow homeowners to detect and prevent damage from water and humidity.
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.
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