Hong Kong-based virtual insurance firm OneDegree has successfully concluded a fresh funding round, raising $27 million. The funds will be used to support the company’s expansion across Asia and invest in artificial intelligence. Global financial institutions, along with existing backers such as Gobi Partners, BitRock Capital, and Sun Hung Kai & Co., have contributed to […]

Global insurtech leader bolttech has announced a successful Series B funding round, raising $196 million at a valuation of $1.6 billion. The round was led by Japan’s oldest insurance firm, Tokio Marine, with significant contributions from MetLife through its subsidiary, MetLife Next Gen Ventures, Malaysia’s sovereign wealth fund, Khazanah Nasional, and numerous new and existing […]

Indonesia-based insurtech firm Qoala has successfully raised $7.5 million in a recent funding round, led by European investment firm responsAbility Investments AG. The round, which also saw participation from Appworks and existing investors Eurazeo and Indogen, was part of the company’s Series B+ fundraiser. Qoala plans to use the capital to expand its product and […]

Thai-based insurtech Roojai has secured $42 million in Series B funding to support its expansion into non-motor products and into new markets such as Indonesia and other countries in Southeast Asia. The funding round was led by HDI International, the international retail insurance division of the German Talanx Group, and included participation from existing investors […]

Carro, Southeast Asia’s largest used car marketplace, has received an undisclosed amount of investment from insurtech major ZA Tech Global Limited (ZA Tech), according to an announcement. The two firms have also signed a joint venture deal that will transform and streamline the online insurance distribution and claims process for customers and insurers alike. According […]

With the rising awareness on mental wellness issues, there is now a need for employers to also provide a supportive corporate environment for mental well-being through an increased mental health insurance coverage. To address this need, AIA Singapore (AIA), the leading life insurer in employee benefits, has partnered with WhiteCoat Holdings Pte. Ltd. (WhiteCoat), a […]

Global Brain Corporation (Global Brain) of Japan has partnered with Meiji Yasuda Life Insurance Company (Meiji Yasuda) to establish the “Meiji Yasuda Future Innovation Fund L.P.” with a committed capital of $39 million. In a statement, Global Brain said that the “Meiji Yasuda Future Innovation Fund” is intended for leading startup companies that are developing […]

Following a successful series B+ funding round, regional insurtech firm Igloo announced the appointment of Liliang Zhu as Chief Technology Officer. Zhu will be responsible for strengthening the firm’s tech capabilities and product innovation as it expands insurance offerings across key markets. Managing over 70 engineers and developers, Zhu will lead Igloo’s tech and innovation […]

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The round was led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club. Eazy Digital is a platform that helps insurance companies manage their agents, operations, […]

MISSION+ has announced the addition of Ned Lowe as the company’s Chief Technology Officer (CTO) to lead efforts to accelerates support for fintechs and insurtechs across Southeast Asia. The technology building firm sought the likes of Revolut, Railsr and Draper Startup House to further its growth. “The delta between what’s possible in tech and what’s […]