November started with some exciting blockchain news. Singlife Philippines adopts Galileo’s blockchain solution as their insurance core policy administration system. After years of proof-of-concept projects, this is Galileo’s first implementation and possibly the first time ever a blockchain platform is used by an insurer as a core system. Blockchain platforms promise to lower admin costs […]
Mid-October is seeing some very interesting developments in the Asian InsurTech space. The product and services space is bursting with innovative offerings. This week’s News RoundUp started with a discussion of CoverGenius’ $12M capital raise that in our view is a bridge round. We expect them to come back with bigger news soon. Next we […]
September ends with more investment news. GirnarSoft will invest $20 million in its omnichannel insurance subsidiary InsuranceDekho. The funds will be used to strengthen InsuranceDekho’s transaction businesses and expand deeper into the country with its B2C platform. Singaporean InsurTech Igloo is in the news again with the launch of PandaCare together with food delivery company […]
This week’s News Roundup is all about new rounds of funding and how InsurTechs are looking at the opportunity to capture new markets. We covered the announced merger of Singlife and Aviva Singapore. The combined entity will initially be known as Aviva Singlife. This merger creates one of the largest in the Southeast Asian insurance […]