In other news, digital asset platform Amber Group has secured insurance coverage for its wallet infrastructure from Arch Syndicate 2012 at Lloyd’s and Hong Kong InsurTech firm OneDegree backed by Munich Re. Listen to this fireside chat with OneDegree co-founder Alex Leung here.
And we have more news coming out of Hong Kong: YAS MicroInsurance and Amodo announced a partnership to enable autonomous insurance on-chain and Coherent announced the launch of Coherent Spark on Snowflake Marketplace.
We are also seeing more money pouring into InsurTech in Asia. The French private equity group Eurazeo has launched a $215 million fund targeting InsurTech startups in Southeast Asia. In India, employee benefits platform Pazcare announced it has raised $8.2 million. Listen to our episode with co-founder and CEO – Sanchit Malik here.
In China, AXA Tianping Property & Casualty Insurance, and Akur8, an AI-driven insurance pricing technology company, announced their collaboration to further enhance AXA Tianping’s pricing process with Akur8’s high-performing AI technologies.