InsurTech
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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Manulife Among the First Wave of Insurers Approved to Launch Virtual Agency Sales Platform
Manulife Hong Kong today announced the launch of a ‘Virtual Face-to-Face’ agency sales platform for all Manulife individual insurance products in Hong Kong, except investment-linked assurance schemes. Manulife’s Virtual Face-to-Face sales capability enables customers to buy even the most sophisticated
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JETCO Partners With Insurtech Start-Up GoLion to Offer Insurance APIs
Joint Electronic Teller Services Limited (JETCO) today announced its partnership with insurtech start-up GoLion to offer insurance APIs via the JETCO APIX (API exchange) platform. At this stage, these APIs cover over 30 insurance products, including travel, saving, term life, hospital
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Virtual Bank Operator ZA Receives Digital Insurance License with Premiums Starting At HK$2
ZA Life announced that it has received regulatory green light from the Insurance Authority to operate as a digital insurer in Hong Kong. ZA Life is a result of a joint venture between insurer Fubon Life and ZA International who
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OneDegree Obtains Virtual Insurance License in Hong Kong
OneDegree Hong Kong announces today that it has been granted a virtual insurance license by the Hong Kong Insurance Authority (“IA”). This virtual insurance license is granted under the IA’s “Fast Track” scheme that was launched in 2017 to promote
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