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5 insurtech trends to watch in Southeast Asia

By Colin Wu for Tech in Asia,

When you think of insurance, certain things come to mind. The overbearing smell of coffee when meeting your own insurance agent for one, or the ink fumes after filling in the long insurance plans. For better or worse, convoluted insurance plans are a feature in our daily lives. (more…)

InspirAsia, Insurance

March 22, 2017

Fabric raises $2.5 million to simplify life insurance

By  for Venturebeat

Parents’ worry for their children often leads them to what should be a simple decision: life insurance. But the process can be complex and expensive. Fabric wants to change that by providing a straightforward mobile solution that bypasses commission-driven insurance agents. The Brooklyn-based startup launched today and announced a seed round of $2.5 million led by Bessemer Venture Partners. (more…)

Insurance

March 21, 2017

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PwC runs blockchain prototype for London insurance market

By Finextra

PwC has created a working blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange.  (more…)

Blockchain, Fintech news, Global trends, Insurance

March 3, 2017

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InsurTech – FinTech’s Next Frontier: Can It Insure a Billion People?

By LTP

According to a global quarterly report by KPMG, last year, USD $24.7 billion was invested in FinTech companies across the globe. India too has witnessed a flurry of venture capital investments, particularly in the areas of SME lending, P2P lending, mobile wallets, payment services and robo-advisory. As a venture capital firm investing in startups “impacting the masses,” we have a deep interest in FinTech companies that can integrate large sections of the population into the formal financial infrastructure by providing more than just access to finance. One such exciting segment is insurance technology (or InsurTech) i.e., leveraging technology to make insurance more affordable and accessible.  (more…)

About, Fintech news, Insurance

March 3, 2017

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Ethereum-Based Humaniq To Deliver Banking 4.0 to 2 Bln Unbanked

By TheCoinTelegraph

Our London correspondent Nick Ayton caught up with Humaniq founder Alex Fork, who has an ambition to help eliminate poverty by delivering new banking options to emerging markets in Africa, Latin America and parts of Asia so that everyone who needs can get access to financial services. (more…)

Blockchain, Fintech news, Insurance, p2p/online lending

February 23, 2017

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India Utilizing Citizens’ Biometrics

The Indian government is moving forward with the world’s largest biometric identity database, which will be available for use by tech companies, health care providers and app developers, The Wall Street Journal reported. (more…)

India, Insurance

February 20, 2017

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Neosurance Raises €230k in Total Pre-Seed Funding

By FinSMEs

Neosurance, a Milan, Italy-based insurtech startup, raised €230k in total pre-seed funding.  (more…)

Fintech news, Insurance

February 16, 2017

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Kevin the bot uses blockchain to offer insurance for P2P transactions

By Finextra

Madrid-based online reputation startup Traity has launched a chatbot that uses an “open blockchain balance sheet” to provide micro-insurance for people carrying out P2P transactions  (more…)

Blockchain, Bots, Fintech news, Insurance, p2p-payments

February 16, 2017

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Zenefits went from a $4.5 billion valuation to massive layoffs in less than two years

By Sarah Kessler for Quartz

Two years ago, Zenefits was being called one of the fastest growing startups in Silicon Valley history. It was raising $500 million at a clip, and had a staggering $4.5 billion valuation.

This week, the company laid off 45% of its staff—about 430 people. (more…)

Fintech news, Insurance

February 12, 2017

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Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

By  for TechCrunch

CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. (more…)

Deals, Fintech news, Insurance, Singapore

February 8, 2017

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GoBear Malaysia’s Among the First of Fintech Companies in the Sandbox

By Fintech Singapore

GoBear Malaysia works closely with with Bank Negara Malaysia and launches new Insurance products (more…)

Banks, Fintech news, Insurance, Malaysia

February 3, 2017

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A look into the future: Here are 5 fictitious insurtech startups that might become the real deal by 2025

By Philipp Kristian for e27

2016 was the year of fintech and insurtech in Asia. Over the course of the year, I spent a lot of my time building insurance value propositions in Asia, delving deeply into the potential future of insurtech in this region. (more…)

Analytics, InspirAsia, Insurance

January 31, 2017

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Insuritas’ Growth Scales with the Popularity of Insurtech

By Finovate

Insurance marketplace solutions company Insuritas released some key growth metrics this week. The Connecticut-based company announced that 2016 marked its third consecutive year of growth. (more…)

Fintech news, Insurance

January 28, 2017

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Insurtech, Interview with Sam Evans, Founder of Eos Venture Partners

By FinSMEs

According to CB Insights, vc activity related to insurance startups hit its highest annual total in 2016 with $1.69B invested in 173 deals.
In this space, one of the first cases on thematic investors focused exclusively on investing in insurance startups comes from London with Eos Venture Partners, an independent and specialist InsurTech investment and advisory firm launched by Sam Evans.

(more…)

Analytics, Insurance, People of fintech

January 27, 2017

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Got a burning financial question? This Singapore-based portal aims to address them

By Yon Heong Tung for e27

fundMyLife gives users the freedom to ask financial questions without the need to entertain sales pitches. (more…)

Fintech news, Insurance, Interviews, Singapore

January 26, 2017

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Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

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31 P2P Insurance Startups Capitalizing on the Power of Virtual Communities

By Elena Mesropyan for LTP

While the commercial value of social networks has yet to be discovered by the corporate world, technology startups are already employing it to build solutions entirely based on social connectivity. (more…)

About, Insurance

January 25, 2017

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7 Fintech Startups in India to Know

By

With more than 400 companies including 200 startups, India has quickly emerged as a fintech products hub. In 2015, these ventures attracted US$420 million in funding, according to a report by the National Association of Software and Services Companies (NASSCOM). (more…)

Fintech news, India, Insurance, Marketing Report, Mobile payments/banking, Payment processors/providers/gateways

January 25, 2017

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Cuvva launching pay-as-you-go car insurance aimed at infrequent drivers

By  for TechCrunch

Cuvva, the Scottish startup that reckons it’s spotted a gap in the market by offering hourly car insurance sold through a mobile app, is set to launch a novel and potentially disruptive new type of car insurance designed for infrequent drivers. (more…)

Deals, Fintech news, Insurance

January 25, 2017

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China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

Neosurance Wins “Phase 1” of Horizon 2020’s SME Instrument, the Prestigious European Prize That Supports Research and Innovation

By LTP

Neosurance Wins "Phase 1" of Horizon 2020's SME Instrument, the Prestigious European Prize That Supports Research and InnovationNeosurance, the innovative startup that proposes technological solutions for insurance companies, has been selected by the European Commission as the winner of HORIZON 2020 “Phase 1” – a prestigious European award for research and innovation – thus benefiting from a 50.000 euro grant. (more…)

AI / Machine Learning / Big Data, Fintech news, Insurance

January 21, 2017

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Where Insurers and Reinsurers Invested in Tech Startups in 2016

By CB insights

Thematic areas that attracted strategic investment in 2016 included cybersecurity, property management software, IoT, and digital insurance distribution. (more…)

Analytics, Deals, Fintech news, Global trends, Insurance

January 20, 2017

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In the future, AI could also mean auto insurance

By  for TechCrunch

Solaria Labs, Liberty Mutual Insurance’s tech incubator, has created an API developer portal to bring together public data and “proprietary insurance information” to help users find potentially safer routes — and help them assess damage when that doesn’t work out. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Fintech news, Insurance

January 20, 2017

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Internet-of-Things Poised to Disrupt Banking and Insurance

By

The Internet-of-Things (IoT) is set to be one of the biggest technological transformations on the horizon, promising to radically change the way we live and how we conduct business. (more…)

Analytics, Banks, Global trends, Insurance, Marketing Report

January 18, 2017

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The Top 10 Insurtech Trends For 2017 That Set The Digital Insurance Agenda

By Roger Peverelli and Reggy de Feniks

The beginning of the year is usually the time to predict key trends for the year to come, and so it goes with the insurtech sector as well. Most lists focus on the latest sexy technologies and applications, but after a year, we find these have hardly gained any traction, so cannot really be considered “trends”. To call something a key trend, new and innovative isn’t enough. It requires adoption at scale. We therefore decided to take a different approach, resulting in quite a different kind of list. (more…)

About, Fintech news, Global trends, Hotnews, Insurance

January 18, 2017

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InsurTech startup Digital Fineprint joins Accenture innovation lab

By Finextra

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been selected to take part in Accenture’s Fintech Innovation Lab in London, from over 300 applicants. (more…)

Accelerators/Incubators/Labs, Fintech news, Insurance

January 17, 2017

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Insurance Incumbents Turn To Big Data, Partnerships To Keep Pace With Startups

By CB Insights

The insurance landscape is going through tremendous change, and policy reform is not the biggest challenge on the horizon. Data analytics, machine learning, and a surge of new entrants are disrupting the traditional insurance model and creating easier, more affordable access to coverage. (more…)

About, Global trends, Insurance

January 16, 2017

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Innovation under the hood will rev the engines of a fintech revolution

By  for TechCrunch

When the internet was first created in the 1970’s and 1980’s with the introduction of the ARPANET its early years were focused on the development of infrastructure and protocol — beyond the knowledge and far away from the consciousnesses of the general public. (more…)

Analytics, Banks, Cryptocurrencies, Fintech news, Global trends, Insurance, p2p-payments, PFM/PFP services

January 15, 2017

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Insurance Tech Startups Raise $1.7B Across 173 Deals in 2016

By CB Insights

Two of every three insurance tech deals in 2016 took place at the early-stage. (more…)

Analytics, Deals, Fintech news, Insurance

January 15, 2017

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Traditional Insurance Companies Forced By Insurtech To Innovate In 2017

By  for Fintechnews Singapore

The insurance industry had given us amenities that we take for granted today. For instance, the fire station is the invention of insurance companies. After the Great Fire of London, insurance companies built the modern fire stations to fight fires against buildings which they insured. Over time, they pooled their resources together to form the London Fire Brigade in 1865. (more…)

Fintech news, Global trends, Insurance

January 11, 2017