InsurTech
OneDegree Makes Its First Investment in Thai SaaS Insurtech Eazy Digital
Hong Kong’s insurtech OneDegree Global has made its first external investment in Eazy Digital, a Bangkok-based SaaS platform for insurance companies and brokers. The sum was not disclosed. The investment is said to be a part of a strategic partnership
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Trip.com Taps bolttech Insurance to Offer In-App Travel Insurance
Travel company Trip.com has partnered with bolttech Insurance to offer travel insurance to its customers in Hong Kong. bolttech Insurance currently offers travel coverage on Trip.com’s mobile app, with plans to add home and pet insurance products in the future.
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Hong Kong Digital Insurer Bowtie Bags US$34.9 Million in Series B2
Hong Kong’s virtual insurer Bowtie announced that it has raised a US$34.9 million Series B2 funding round led by main investor Sun Life Hong Kong and joined by Mitsui & Co., Ltd. In October 2021, Bowtie had closed its US$
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Hong Kong’s Insurance Authority Reappoints Clement Cheung as CEO
Clement Cheung Wan-ching has been reappointed as the Chief Executive Officer (CEO) of the Insurance Authority (IA) for a three year term until August 2016. Established in December 2015, the IA is an independent insurance regulator that supervises insurance companies
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OneDegree Secures Its First Venture Debt Financing From HSBC
Hong Kong’s digital insurer OneDegree Group announced that it has closed its first venture debt financing transaction with HSBC. Details of the financing was not disclosed. With this venture debt, OneDegree will be able to bolster its capability to accelerate
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OneDegree Raises Another US$27 Million to Close US$55 Million Series B
Hong Kong’s digital insurer OneDegree Group announced that it has secured an additional US$27 million to close its Series B funding round at US$55 million. The fundraise was joined by existing investors Gobi Partners, Sun Hung Kai and Bitrock. The
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AXA, Carbon Wallet Launch Campaign to Encourage Hong Kongers to Go Green
AXA Hong Kong and Macau has partnered with Carbon Wallet, a one-stop green lifestyle reward platform, to motivate the community to live a greener lifestyle for a sustainable future. As Carbon Wallet’s first insurance partner in Hong Kong, AXA activates
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livi bank and FWD Launches All-In-One Pet Insurance Offering
Hong Kong’s virtual bank livi has partnered with FWD General Insurance (FWDGI) to jointly launch a comprehensive pet insurance offering. Customers can easily apply for the Pet Care offering through the livi app. The insurance covers pet cats and dogs
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Bowtie’s Total Insured Amount Exceeded HK$60 Billion in Four Years
Hong Kong’s virtual insurer Bowtie announced that its total insured amount exceeded HK$60 billion with over 90,000 customers since its launch four years ago. Meanwhile, Bowtie’s overall recurring revenue recorded over 100% growth to HK$170 million last year. The COVID-19
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Hang Seng Bank Partners Chubb to Offer Its Customers General Insurance Products
Hang Seng Bank, a principal member of the HSBC Group, has partnered with global insurer Chubb to provide its Hong Kong customers with a comprehensive range of personal and commercial general insurance products and solutions. The 15-year distribution agreement will
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