Insurtech

foodpanda Partners with Insurtech Startup PolicyStreet to Provide Protection for Riders

Amid the outbreak of COVID-19 in Malaysia, foodpanda has partnered with insurrtech PolicyStreet to provide additional coverage for  to provide riders with additional financial support totalling to approximately RM200,000. This means that, any delivery partner who tests positive for the

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Boost Offers Malaysians Free Insurance Coverage For COVID-19

Boost together with Prudential announced a joint initiative to help protect Malaysians by providing free COVID-19 coverage exclusive to Boost users. Between 24 February 2020 to 30 April 2020, verified premium Boost users who are not existing Prudential and Prudential

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KATSANA’s DriveMark Moves Towards Introducing Usage Based Insurance

DriveMark®, a subsidiary under KATSANA announced the pilot launch of  “Safe Driving Rebate Program” with the support of Etiqa Insurance and Takaful Ikhlas General Berhad. Intended as a precursor to a full-fledged usage based insurance, the pilot is expected to

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Axiata to Distribute Digital Insurance Through Aspirasi, Boost and Celcom

Axiata Digital Capital’s Aspirasi announced Thursday, a partnership with Great Eastern to provide affordable insurance and takaful products for consumers, micro-entrepreneurs and SMEs. The distribution of the product will be fully digital and will be offered through Aspirasi and its

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Want to Innovate? Don’t Be Afraid of Being Fired Says AXA Affin Life CEO

  “If you want to innovate, you must never be afraid of being fired” Those were the first lines that Rohit Nambiar, CEO of AXA Affin Life said when I asked about the secret sauce behind a relatively small player

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Insurtech Startup Fi Life Introduces New 20 Year Level Term Life Insurance Policy

Fi Life announced today that it has added a new 20-year level term life insurance policy to its current suite of life insurance policies. This level term policy is underwritten by Tokio Marine Life Insurance Malaysia Bhd. The company said

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AXA Affin Unveils its Latest Digital Offering Targetting Young Families

Following the success of its earlier launch of their online medical card AXA eMedic in April 2018, AXA Affin today unveiled their AXA eMedic Family plan. Similar to their earlier digital product, the AXA eMedic family plan can be purchased

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Grab Malaysia Launches Daily Insurance for E-Hailing Drivers

Grab Malaysia unveiled a usage-based motor insurance and takaful  for e-hailing driver in Malaysia, Grab Daily Insurance (GDI). Designed in partnership with 14 leading insurers and takaful operators in the country, the innovative product offers driver an accessible, yoption to

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Insurance Comparison Sites Will Soon Be Regulated by Bank Negara Malaysia

Insurance and takaful aggregation business will be regulated by Bank Negara Malaysia as a new category of registered business under the Financial Services Act 2013 (FSA). According to Bank Negara Malaysia’s press statement, once this comes into effect insurance and

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PolicyStreet Secures Approval from Bank Negara to Conduct Financial Advisory

PolicyStreet announced today that it has obtained approval from Bank Negara Malaysia to conduct financial advisory. With this approval, PolicyStreet can source, aggregate, compare, customise and finally advise consumers and businesses on the best insurance products that meet their needs.

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