Insurtech

MCIS Life Acquires 4.99% Stake in Merchantrade

MCIS Insurance (MCIS Life) has taken up a 4.99% stake in Merchantrade Asia, a Malaysian money services business provider, for an undisclosed sum. The acquisition is set to accelerate MCIS Life’s digital transformation journey and leverage on Merchantrade’s digital capabilities,

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Malaysian Insurtech Fatberry Acquires MooMoo to Expand Its Footprint to Thailand

Malaysian insurtech platform Fatberry.com announced that it has expanded its footprint to Thailand through the acquisition of Bangkok based MooMoo Non-Life Insurance Broker (MooMoo) for an undisclosed amount. MooMoo started as a non-life insurance broker in 2014, offering motor insurance

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Merchantrade Partners MCIS Life to Launch Micro Insurance With Celcom

Merchantrade Asia, a Malaysian money services business provider, has partnered with MCIS Insurance (MCIS Life) for a life insurance plan along with Celcom Axiata. This launch is part of the Perlindungan Tenang Voucher Programme (PTV) is an initiative by the

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Insurtech Firm PolicyStreet Raises RM 25 Million in Series A Round

Malaysian based insurtech firm PolicyStreet.com, announced the completion of its Series A fundraising round totalling RM25 million over two tranches. The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners, and the Leong family of Mah Sing Group

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UOB Malaysia Taps Prudential’s Virtual Face-to-Face Feature to Offer Insurance

UOB Malaysia has tied up with Prudential Assurance Malaysia Berhad (PAMB) to provide customers with a suite of insurance solutions through a new Virtual Face-to-Face (VF2F) feature on Pulse, the insurer’s all-in-one health and wellness app. The bank said that

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Boost Expands Insurance Offerings to Now Include Car Protection Coverage

Axiata Digital’s e-wallet Boost announced that it has expanded its insurance offerings with the launch of a car insurance “CarProtect”, which is underwritten by Great Eastern General Insurance (Malaysia) Berhad. The e-wallet said that “CarProtect offers customers protection in your

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AXA Taps Finology to Offer Its Users Digital Motor Insurance

AXA Affin General Insurance and Finology, a Malaysian fintech company that specialises in enabling seamless lending and insurance for consumers and businesses, has partnered to enable users to purchase or renew car/motorcycle insurance and road tax online Through Finology’s Loanstreet.com.my, customers

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Insurtech Fatberry Adds Senior Executives to Help Drive Growth

Malaysian digital insurance platform, Fatberry.com said that it has continued to experience strong growth and has recently added two senior executives to its management team to further drive growth. Ms. Zoee Kong, Head of Partnership, and Mr. Rev Ong, Head

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Airasia Money Now Offers Digital Car Insurance Through Partnership with PolicyStreet

Airasia Money today announced the roll out of digital car insurance products made possibe thanks to a partnership with local insurtech firm, PolicyStreet. The services offered includes insurance and road tax renewal and price comparison of various insurance. Amanda Woo,

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Insurtech Vsure.life Secures RM 12 Million From Revenue, Enters BNM’s Sandbox

Malaysia-based insurtech firm VSure.life has secured a RM12 million investment from ACE market-listed Revenue Group through its wholly-owned subsidiary company Revenue Harvest as well as approved by Bank Negara Malaysia’s (BNM) to participate in its fintech sandbox. The partnership between

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