Insurtech

Finology Closes Pre-Series A to Accelerate Embedded Finance Growth

Finology Group, a Malaysian fintech that enables embedded finance, announced that it has closed its pre-Series A funding round. Details of the fundraise was not disclosed. Led by Silverlake Group, the funding round was also joined by The Hive Southeast

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AIA Welcomes Former BNM Governor Shamsiah Yunus to Its Board

AIA Group has appointed Shamsiah Binti Mohd Yunus as an independent non-executive director, with effect from 21 September 2023. She will also be a member of AIA’s Nomination Committee. Shamsiah, aged 59, currently serves as the Chancellor of International Centre

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Touch ‘n Go Offers RM5/Month Insurance for Accidents at Parking Lots

Touch ‘n Go Group has rolled out a new personal accident insurance that costs RM5 per month called ParkInsure for those using the Touch ‘n Go card for payment at parking sites. ParkInsure provides coverage for a range of accidents

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Ouch! Rolls Out Digital Takaful Life Insurance

Insurtech platform Ouch! has launched a digital takaful product Pusara Pro, a simple term life product offers death benefit of up to RM500,000 and an additional compassionate benefit of 10% of the total sum assured. According to Ouch!, the Pusara

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Digital Insurance Products in Malaysia That Caught Our Attention

According to the Fintech Malaysia Report 2022, there are a total of 32 players who are actively involved in the insurtech space in Malaysia as of 2022, compared to only 16 players back in 2019. This shows that there is

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FWD and 1337 Ventures Launch Asia-Focused Insurtech Accelerator

FWD Startup Studio and Malaysian venture capital firm 1337 Ventures announced that the fifth cohort of its accelerator programme is now open to Asia-based startups that are venture-backed in insurtech or adjacent verticals. Through the FWD Startup Studio Accelerator, participants

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Gibraltar BSN Life Rebranded to FWD Insurance, Aman Chowla Takes Helm

FWD Group announced the appointment of Aman Chowla as the new CEO for its Malaysian life insurance business and finalised the rebranding of from Gibraltar BSN Life to FWD Insurance Berhad. Chowla brings with him more than 20 years of

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The Tune Protect Approach Towards Being a Digital-First Insurer

The youth-oriented online insurance segment has been slowly growing in Malaysia, as they increasingly look for simplicity and convenience in their insurance coverage, coupled with an user-friendly customer experience. Under the Tune Protect Group, Tune Protect Malaysia is a licensed

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Carsome Offers Personal Accident Coverage up to RM10K with PolicyStreet

Used car trading platform CARSOME has tied up with Malaysian insurtech company PolicyStreet to roll out the CARSOME Care+ coverage. The complimentary coverage is valid for a year and is embedded into every purchase of a CARSOME Certified car, available

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Tune Protect Partners Baoviet to Offer Travel Insurance for Vietjet Air’s Flyers

Tune Protect Group’s reinsurance subsidiary has rolled out its travel insurance offering on Vietjet Air’s website in partnership with Baoviet Insurance. The sale went live on 5 July 2023. Vietjet Air is Vietnam’s largest private carrier and is the group’s

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