Insurtech
Travel Insurance Starting at RM3/Day Now Available on Shopee
SeaMoney, the financial arm of Sea Limited, has expanded its insurance offerings in Malaysia by launching a new travel insurance product available through the Shopee platform, in partnership with Allianz General Insurance Malaysia. This new offering, accessible via Shopee, starts
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FWD Group Deepens Malaysian Roots with 70% FWD Takaful Ownership
Multinational insurance company FWD Group has expanded its investment in Malaysia by acquiring an additional 21 percent stake in FWD Takaful, securing a 70 percent majority share. With this latest investment, the remaining 30 percent is held by Employees Provident
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PolicyStreet Offers Accident Coverage, Loan Protection for Auto Repairs
Regional insurtech company PolicyStreet has joined forces with Direct Lending to launch DirectCare+, an embedded microtakaful plan providing personal accident coverage and loan protection. This marks PolicyStreet’s first-ever microtakaful product. The launch of DirectCare+ comes at a critical time, given
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Vircle Taps PolicyStreet to Offer Child Insurance Plan Tied to Its Visa Card
Malaysian insurtech company PolicyStreet and Vircle, a Malaysian neobanking service provider for kids, have joined forces to launch “Vircle Club Protect,” a new insurance service designed to offer financial security for children of Malaysian families who subscribe to the latter’s
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Tune Protect Life Launches AI-Powered Insurance Tailored for Millennials and Gen Z
Digital-first life insurer, Tune Protect Life has launched FLEXIOne, an offering which they say integrates artificial intelligence to offer bespoke life, medical, and critical illness coverage. This new offering is tailored to meet customers’ individual budgets and coverage needs, focusing
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BigPay Users Can Now Buy In-App International Travel Insurance From RM35
BigPay users will be able to apply for their travel insurance, BigPay TravelEasy, within the app starting today with the application process taking just minutes. The new comprehensive travel insurance product is underwritten by Tune Protect Malaysia and made possible
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Bank Islam to Offer Digital Takaful Solutions on Be U App with Zurich and Senang
Zurich Malaysia, local insurtech firm Senang.io, and Bank Islam have joined forces to introduce digital takaful solutions via the Be U by Bank Islam app. Be U by Bank Islam is a fully cloud-native digital banking proposition and the app
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PolicyStreet Gets Approval From Labuan Regulator for Takaful Operations
Malaysian insurtech company PolicyStreet has received the regulatory nod from the Labuan Financial Services Authority (LFSA) to begin its Takaful and Retakaful operations in the region. By securing the necessary approvals, PolicyStreet is now equipped to reinsure and underwrite Takaful
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Finology Taps IFCA Software to Streamline Property Sales Process
Finology Group, a Malaysian fintech that enables embedded finance, has joined forces with IFCA Software in a bid to improve the property sales experience for both developers and home buyers. The collaboration introduces the integration of Finology‘s digital lending solution, Loanplus
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New Qoala Care Plan Offers Extended Coverage for Malaysian Motorists
Southeast Asian insurtech company Qoala has rolled out a new protection plan called Qoala Care, aimed at providing comprehensive coverage for Malaysian drivers. The plan offers protection against a range of incidents including road liabilities, accidental death, and total permanent
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