Wrapping up the month of May with more news from bolttech. The InsurTech partners with Viettel Telecom in Vietnam to launch their insurance exchange on Viettel’s mobile app. Viettel customers will be able to buy car, motorbike, health, travel and home insurance via the MyViettel mobile app. Meanwhile in Hong Kong there are rumors that sister company FWD got approval for a Hong Kong IPO. Let’s see if we can confirm the rumors in our June roundup.
In Singapore, Insurtech startup Anycover raised US$450k pre-seed round to reinvent product warranties for small and medium-sized online merchants. The round was led by Powerhouse Ventures and with a prominent angel investors – Walter de Oude, Founder & former CEO of Singlife.
In Indonesia we have seen a number of InsurTech funding as well. Indonesian insurtech startup Aman raises $1.2m pre-seed funding. We had Aman’s co-founder Steven Tannason on the show last year. Listen to the episode here. In addition, Indonesian Aigis has raised US$1 million in funding from Y Combinator and Init 6, the VC formed by ecommerce major Bukalapak’s co-founders. And the largest funding of the month goes to an Indonesian InsurTech as well. Qoala has raised US$65 million in a series B round. Listen to our episodes with Qoala’s founders here.
In India, digital payments and financial services platform Paytm has revealed it will seek regulatory approval for a new general insurance license. The company already operates as a broker and is now considering a hybrid model with its own insurance license.
And congratulations to the TDI Awards APAC finalists. Bolttech, Cover Genius, dacadoo, flip, Pasar Polis and Surer have been shortlisted for the Insurer Innovation Awards APAC as well as AIA (x2), Chubb, FWD, Singlife and Swiss Re for the Insurer Innovation Awards. Make sure to join the even on June 23rd and vote live for the overall winner in the two categories.