InsurTech

Facebook Antitrust Case is “Bad Economic Policy” at a Time When Chinese Fintech Dominates the World

The US Federal Trade Commission (FTC) and 47 states are suing Facebook, accusing the social media giant of breaking antitrust law by acquiring companies that presented competitive threats and abusing its dominance in the digital landscape. But according to Peter

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InsureTech Connect Asia Launches Its Digital Distribution & Ecosystems Summit

InsureTech Connect (ITC), one of the largest insurtech gathering, will be presenting the Digital Distribution & Ecosystems: virtual summit on 25th February 2021. The virtual event will dive deep into the key market trends and topics revolving around digital distribution

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ZA Bank First Virtual Bank Granted License to Be a Fully Digital Insurer

ZA Bank has been granted an Insurance Agency License from the Hong Kong Insurance Authority (IA), allowing it to act as an agent of ZA Insure, a fully digital insurer under the ZA brand. The move sees ZA Bank become

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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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