Insurtech

Insurtech Startup Ouch! Raises Pre-Series A, Eyes Digital Takaful License

Ouch!, a tech-enabled insurance platform has announced a fully subscribed six figures pre-series A round and is set to continue this momentum with Ouch! exercising Its over-allotment for additional investors to come on board. This follows their RM 1.5 Million

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Tune Protect Gets Approval for BNM Sandbox

Tune Protect Group announced that its wholly owned subsidiary Tune Protect Ventures  (Tune Protect Life) has received Bank Negara Malaysia’s (BNM) approval to participate in the Financial Technology Regulatory Sandbox. Tune Protect Life will provide simple and affordable pure life

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FWD Launches RM45 Million Fund to Invest in Insurtech and Islamic Fintech

FWD Group, a a pan-Asian life insurance business, announced the launch of a RM45 million fund in collaboration with Malaysian venture capital firm Artem Ventures. The fund, TIM Ventures, will be investing in emerging startups in the insurtech and Islamic

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PolicyStreet Digitises Insurance Processes for foodpanda’s Delivery Partners

foodpanda has tied up with insurtech platform PolicyStreet to digitise the insurance processes for tens of thousands of its delivery partners’ to close the protection gap among gig workers. Through PolicyStreet’s latest digital solution– the Gig Workers’ Claims Portal, delivery

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5 Interesting New Details in BNM’s New Digital Insurance & Takaful Draft Framework

On Friday, Bank Negara Malaysia (BNM) issued its exposure draft for digital insurance and takaful operators (DITO) for written feedback following the issuance of the Discussion Paper in January this year. As part of the licensing application process, BNM will

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Two Malaysian Fintech Founders Win at SFF Global Fintech Awards

Two Malaysian fintech companies’ co-founders and CEOs received the ASEAN FinTech Leaders awards at the recent Singapore Fintech Festival (SFF) Global FinTech Awards 2022.  They were Eddy Wong Kok Hoe, Co-Founder, CEO, and Managing Director of VSure Group; and Salim

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Tune Protect Gets Conditional Approval to Join BNM’s Regulatory Sandbox

Tune Protect Ventures, a wholly owned subsidiary of Tune Protect Group, has received conditional approval from Bank Negara Malaysia (BNM) to participate in its Financial Technology Regulatory Sandbox. The approval allows Tune Protect to test a digital life insurance business

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PolicyStreet Appoints Former Carousell Head Tang Siew Wai as Chief Digital Officer

Insurtech platform PolicyStreet has appointed former Carousell Malaysia country head Tang Siew Wai as its new Chief Digital Officer to spearhead the company’s growth strategy. Prior to joining PolicyStreet, Siew Wai established Carousell’s local office in Malaysia and helped make

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Digital Life Insurer DearTime Launches in Malaysia

Malaysian digital insurer DearTime has officially launched to offer affordable and accessible life insurance plans in the country. The company is an approved participant of the Bank Negara Malaysia’s Fintech Regulatory Sandbox to conduct life insurance business in Malaysia. DearTime

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VSure Group Partners With PickTenants to Offer Insurance for Landlords

Malaysian digital insurer VSure Group has partnered with PickTenants, a proptech company offering a tenant-screening and management platform, to launch an embedded insurance solution for landlords. The landlord insurance plans offered is only available on the PickTenants platform where they

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