Insurtech

Balancing Digital and Physical Channels in the New Era of Banking and Insurance

The COVID-19 pandemic has led to a spike in demand for digital banking experiences, a shift which banks and financial services institutions around the world have responded promptly to by accelerating product roadmaps and enabling new digital experiences. But despite

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Tune Protect Malaysia Introduces Its First Critical Illness Offering

Tune Protect Malaysia, the general insurance arm of Tune Protect Group, has launched its first Critical Illness Insurance offering Critical Safe+. Critical Safe+ is an online health insurance which covers advanced stages of critical illnesses with affordable cost, flexible options

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Malaysian Insurtech VSure Expands Its Footprint to the UK

Malaysian digital insurer VSure.life announced its expansion to the United Kingdom to make it affordable for small businesses to access insurance. VSure has aligned with local player McGill and Partners, a boutique (re)insurance broker specialising in creating bespoke, game-changing solutions

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How Will BNM’s Digital Insurance License Tackle Malaysia’s Underinsured Problem

Insurance is a crucial part of any good financial planning. Without sufficient protection offered by insurers, it is easy to fall into financial ruin if even a person’s savings are substantial. Malaysia’s insurance and takaful penetration rates however are dismally

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Tune Protect Malaysia Names Veteran Banker Jubin Mehta as Its New CEO

Tune Protect Malaysia, the general insurance arm of Tune Protect Group, announced the appointment of Jubin Mehta as its Chief Executive Officer effective 5 May 2022. The group said in a statement that Jubin will be responsible for transforming Tune

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CTOS Ties up With PolicyStreet to Offer Car Insurance and Road Tax Renewal

CTOS Digital, through its subsidiary company, CTOS IDS, is expanding its range of services with the launch of CTOS Car Insurance, an online platform for car insurance and road tax renewal in collaboration with local insurtech firm PolicyStreet.com. This latest

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The InsureTech Connect Asia 2022 Is Back for Its 3-Day Physical Event

InsureTech Connect Asia (ITC Asia) will be hosting the first 3-day in-person event since the pandemic from 7 – 9 June 2022 at Suntec Convention & Exhibition Centre, Singapore. The insurtech event has offered unparalleled access to the largest and

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Touch ‘n Go eWallet Rolls Out Travel Insurance Offering With AIA

TNG Digital, owner and operator of Touch ‘n Go eWallet, announced the launch of SafeTrip, its second insurance product collaboration with AIA Malaysia. SafeTrip is a travel insurance plan for both domestic and international travel which covers travel inconvenience, medical expenses,

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Tune Protect Becomes The First Insurer to Move Its Core to the Cloud

Tune Protect Malaysia is now the first insurer in the country to have received approval from Bank Negara Malaysia (BNM) to host its insurance core system on Telekom Malaysia’s (TM) Cloud α Edge. This was made possible via a collaboration

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BNM Paves the Way for Digital Insurance with Proposed Licensing Framework

Bank Negara Malaysia on Tuesday issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. The Discussion Paper outlines the proposed framework for licensing new digital insurers and takaful operators (DITOs) to encourage digital innovation in the

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