InsurTech
Digital Insurer Blue Launches Group Medical Insurance Plan Designed for SMEs
Hong Kong’s digital insurer Blue announced the launch of its “WeMedi Group Medical Protector”, a group medical insurance plan designed for small and medium-sized enterprises (SMEs). The plan offers SMEs an affordable option to help its employees have access to
Read More
OneDegree Partners With Munich Re to Launch a Digital Asset Insurance Product
Hong Kong insurer OneDegree announced that it has entered into a three-year strategic partnership with Munich Re to launch OneInfinity, a digital asset insurance product. OneInfinity is an insurance and technology product offering designed specifically for digital asset trading platforms,
Read More
ZA Tech Acquires a Stake in Indonesia’s Aladin Bank
ZA Tech, the technology venture founded by ZhongAn Online and backed by Softbank’s Vision Fund 1, has acquired a stake in Aladin Bank, an Indonesia-based Sharia digital bank. Further details of the agreement was not disclosed. The investment will strengthen
Read More
Livi Bank Secures License to Expand Business With Insurance Offerings
livi bank, one of Hong Kong’s eight virtual banks, has been granted an insurance agency license from the Hong Kong Insurance Authority. This paves the way for the bank to introduce a range of insurance products within the livi app.
Read More
BOCG Insurance Picks Milliman and CoverGo to Revamp Its Motor Insurance Offerings
Bank of China Group Insurance (BOCG Insurance) announced that it has joined forces with international actuarial and consulting firm Milliman as well as Hong Kong’s insurtech firm CoverGo. The partnership was formed to streamline BOCG Insurance’s motor insurance ecosystem and
Read More
Hong Kong’s Open API Ambitions Expands to the Insurance Sector
The Insurance Authority (IA), Hong Kong’s insurance regulator, is exploring the development of an open application programming interface (API) framework and has established a working group focused on the initiative, Tony Chan, the associate director of policy and development at
Read More
Klook and ZA Form Joint Venture to Offer Travel Insurance
Travel and leisure booking platform Klook and ZA Tech, the technology venture founded by ZA International and backed by Softbank’s Vision Fund 1, announced a joint venture (JV) that will accelerate the availability and accessibility of travel-related insurance for consumers
Read More
Hong Kong Insurer OneDegree Offers Digital Assets Protection for HKbitEX
Hong Kong’s multi-line insurer OneDegree announced a partnership with digital asset exchange HKbitEX to offer protection for its sister company ON1ON’s custody platform. The partnership will ensure that US$100 million of digital assets under management will be protected. OneDegree will
Read More
Hong Kong’s Virtual Insurer Bowtie Closes US$22.6 Million Series B1 Led by Mitsui
Hong Kong’s virtual insurer Bowtie announced the closing of a US$ 22.6 million Series B1 round led by Mitsui, with participation from existing investor Sun Life Hong Kong. Mitsui is said to be one of the largest Japanese trading firms,
Read More
Pet Insurer OneDegree Raises US$28 Million to Expand Across Five Continents
OneDegree, a Hong Kong-based insurtech startup under the Cyberport Incubation Programme, announced that it has raised US$28 million in a Series B1 funding round, bringing its total funds raised to over US$70 million. This Series B1 funding round includes participation
Read More