InsurTech
ZA Offers Free Post-Vaccination Protection for Hong Kong Customers
ZA International, digital insurer founded by ZhongAn Online, announced the launch of its “Free Post-Vaccination Protection” as a part of its ZA Relief Fund worth HK$ 6 million established in February 2020 to offer its customers support amidst the pandemic.
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Prudential: Digital Health Technology Adoption on the Rise
Prudential released The Pulse of Asia – The Health of Asia Barometer, a report written by The Economist Intelligence Unit (EIU), which underscores the opportunities offered by digital health technologies to improve access to healthcare in Asia. The research, which
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FWD Hong Kong Leverages HKMA’s Faster Payments System for Instant Claims Service
FWD Hong Kong has launched its instant claims service through its eServices app. The solution allows FWD customers to receive claims payments within seconds after claims applications approval via the Faster Payment System (FPS) and 7-Eleven convenience stores. Claim applications
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ZA Tech Forms Insurtech Joint Venture With Indonesian E-Wallet OVO
ZA Tech, the technology venture founded by insurance company ZhongAn Online and backed by Softbank’s Vision Fund, announced that it has formed a joint venture with the holding company of e-wallet OVO, to offer Indonesian insurance companies easy and secure
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Insurtech Startup Coherent Secures US$14 Million in Series A Funding Round
Coherent, provider of digital platforms to insurers, raised US$ 14 million in a Series A funding round led by global VC fund Cathay Innovation, with participation from Franklin Templeton. Founded in Hong Kong, Coherent provides digital platforms and data intelligence
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Singlife Philippines Launches Life Insurance Products on HK Blockchain Platform Galileo
Galileo Platforms, a Hong Kong-based blockchain technology platform for the insurance industry, collaborated with Singlife Philippines, a mobile-first life insurer from Singapore, and GCash, an e-wallet in the Philippines, to launch a platform for life insurance products. By using Galileo’s
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Cyberport’s Incubatees PortfoPlus and 10Life Aim to Simplify Insurance
Hong Kong’s insurance industry worth US$66 billion (HK$552 billion) in the past years has provided a fertile ground for the digitalisation push by innovative insurtech startups in the region. The current pandemic has created a positive shift to accelerate digital
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Hong Kong Fintech Hub Cyberport Becomes Hotbed for Insurtech Innovation
Widely known for its massive fintech community of close to 400 companies, digital tech park Cyberport is now rapidly emerging as a powerhouse for insurance innovation. More than 30 insurtech companies have chosen Cyberport as their home, including Hong Kong’s
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YAS Launches Microinsurance Marketplace in Hong Kong
YAS Digital Limited (YDL), a Hong Kong-based regional insurtech venture, today unveiled a microinsurance marketplace in Hong Kong. They described the marketplace as one that “functions like an app store” and “offers a diverse and affordable range of products tailored
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Virtual Insurer One Degree Pivots to Offering Core Insurance Platform to Incumbents
OneDegree Global, an insurtech firm with presence in Hong Kong and Taipei, announced today that it has launched IXT Core, an enterprise-grade core insurance platform that powers digital transformation for insurers, MGAs and brokers. OneDegree is being as a virtual
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