In this episode of the AIP news roundup we are taking a break from all the COVID-19 related news. And despite the global pandemic, we have lots of exciting InsurTech news coming out of Asia. The biggest news for this month so far is the first official media appearance of bolttech. The company is part of Pacific Century Group which is behind insurer FWD. While the announcement is around the appointment of bolttech’s CEO Rob Schimek, the real deal is bolttech itself. FWD and Pacific Century Group seem to have been building a tech and distribution venture behind the scenes for quite a while.
In other news, investment in InsurTech is continuing. American AI player Two Sigma announced an investment and partnership with neo-insurer Avo in Hong Kong. Indian InsurTech Insurance Samadhanhas received an undisclosed seed funding from Venture Catalysts. And Aussie insurer IAG invests in Arturo, an AI drone company, to improve their property assessment capabilities.
We are also seeing movement in blockchain technology. Taiwanese blockchain startup BSOS has raised over USD 1mn in its angel funding round and Ping An’s OneConnect is set to develop a blockchain-based platform. It is said to be a joint program with the China Merchants Port Group to develop a logistics system for the Guandong-Hong Kong-Macau region.
Find our episode with Natalia Kozyura, the Head of Innovation Centre at FWD, here.
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