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 […]

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 […]

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 […]

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 […]

Regional insurtech Igloo has announced that it raised $27 million in Series B funding and intends to use the investment to strengthen its lead across key markets in Southeast Asia. This round of investment comprises a consortium of impact investors including BlueOrchard, Women’s World Banking Asset Management (WAM) and Finnfund. The InsuResilience Investment Fund II, […]

bolttech, one of the world’s fastest growing international insurtech companies, announced that Tokio Marine, alongside other shareholders, will lead its Series B funding round. The investment values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately $1.5 billion, one year after it closed the largest ever Series A funding round for an […]

Singapore-based insurtech startup anycover announced that it has raised US$450,000 in a pre-seed funding round led by Powerhouse Ventures, with participation from 1337 Ventures and two angel investors – Walter de Oude, Founder & former CEO of Singlife, and Khairil Abdullah, CEO at Veon Ventures and former Chairman of Axiata Boost. anycover strives to transform […]

Regional insurtech firm Igloo announced that it has raised $19 million in Series B funding led by Cathay Innovation, a global venture capital firm, with participation from ACA and other existing investors including Openspace. This brings Igloo’s total fundraising to over $36 million. With its Series B raise, Igloo plans to drive product innovation cementing […]

Insurtech platform PolicyPal announced today its acquisition of an Asia-focused financial technology company based in the United States. The Singapore-homegrown insurtech platform under AMTD Digital acquired Value Champion, which provides resources and advice for people looking to obtain loans, credit cards, insurance, or general financial advice. Val Yap, Chief Executive Officer and Founder of PolicyPal, […]