InsurTech
Hong Kong Insurance Authority Authorizes First Virtual Insurer Under Fast Track
The Insurance Authority (IA) announced that it has granted the first authorization of a new insurer owning and operating solely digital distribution channels under the Fast Track, marking a significant milestone of Insurtech development in Hong Kong. “The first virtual
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First Industry-Wide Use of Blockchain-Based Authentication in Motor Insurance
CryptoBLK in collaboration with The Hong Kong Federation of Insurance (HKFI), launched a Motor Insurance DLT-based Authentication System (MIDAS), the first motor insurance platform in Asia using blockchain technology in production to verify the authenticity of motor cover notes/policies. Verification of
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Tencent’s WeSure Forms Partnerships with 20 Insurance Companies
WeSure, Tencent’s insurance platform, has widened its line of products and formed partnerships with 20 insurance and reinsurance companies. The “data-driven” and “social connection” features of WeChat, as Alan Lau, Chairman & CEO of WeSure, mentioned in a recent CNBC interview, will help
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Sun Life Launches Same Day Insurance Claims Settlement Through its Mobile App
Sun Life announced today, a newly launched feature on the My Sun Life HK app which enable claims submissions from individual insurance clients to be approved and paid within 24 hours. The 24 hours approval will for now, be available
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The CareVoice Brings Its AI Health Assistant into HK’s Competitive Insurtech Market
Shanghai-based insurtech startup The CareVoice announces the launch of its mobile platform into Hong Kong, the company’s first major move outside of mainland China. Hong Kong’s insurtech scene is one of the hot tickets lately, with the total amount of
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Hong Kong Insurtech Startups Raised HK$100 Million in Series A Funding
OneDegree (also known as Bola) a Hong Kong-based insurance technology start-up under Cyberport Incubation Programme, announced the full subscription and execution of its Series A funding, with investors committing HK$100 million, plus an additional HK$100 million for future financial support at
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AI for Impact: Delivering Value in the Near Term
AI is not new, and most agree it will shape the insurance industry well into the future – but how can you maximise the value from it today? In the latest InsurTech Rising Bytes podcast series this expert panel explore
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ZhongAn International To Receive Strategic Investment From SoftBank Vision Fund
ZhongAn Online P&C Insurance the first internet-based insurer in China, announced that its subsidiary ZhongAn International and SoftBank Vision Fund have entered into a Shareholder Agreement to boost ZhongAn’s technology solutions businesses outside China. The partnership will help ZhongAn expand
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ZhongAn Technology Launches AI-Powered Data Platform for China’s Insurance Industry
ZhongAn Online is a digital insurer in China that was formed through the collaborative efforts of Ping An, Tencent and Alibaba. As the name suggests, it is an insurance service that is run fully online, which helps them widen their net
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