Like all news outlets at the moment, the AIP News Roundup Team covers the latest Corona News in insurance. Several insurers across Asia have rolled out COVID-19 coverages. Indian neo-insurer Digit has already sold out their Sandbox-powered COVID product and incumbents like AIA and MSIG rollout digital capabilities around claims and remote healthcare.
In non-corona related news, JustInCase has partnered with Loyalty Marketing to offer reward-based “Ponta Insurance”. Ponta is a reward points system that now lets users turn their points into insurance coverage. Products start from 1-day coverage and are mainly around lifestyle insurance like bicycle or golf insurance. Find our latest episode with JustInCase CEO Kazy Hatta here.
Another AIP alumni, GigaCover, has announced a partnership with Homage in Singapore. Homage is an on-demand caregiving services platform that works with micro-entrepreneur caregivers. Through the partnership with GigaCover, their Caregivers will get access to healthcare solutions for themselves and their dependents.
In China, Group Insurance Platform Insgeek has raised USD 25 Million in Series C. While this is the largest amount raised so far in 2020, Chinese InsurTech Waterdrop has raised USD 144 Million in 2019.