Insurtech
Touch ‘n Go Rolls Out Two More Insurance Products
Touch ‘n Go Group announced that it has launched 2 new insurance products, CI Insure and MotoInsure on its e-wallet in a bid to become a one-stop insurance hub. The CI Insure offering is a health insurance provided by AIA,
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PolicyStreet Secures Australian License in Regional Expansion Push
Malaysian insurtech company PolicyStreet announced that it has secured the Australian Financial Services License from the Australian Securities and Investments Commission (ASIC). The license allows PolicyStreet to offer financial product advice and services for general insurance products to Australian retail
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FWD to Snap up Majority Stake in Gibraltar BSN Life, Plans for Rebrand
FWD Group inks deal to snap up a majority stake in Gibraltar BSN Life in a bid to enter the Malaysian life insurance market. The transaction is expected to close in the second quarter of 2023. Through this deal, FWD
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Fi Life Joins BNM Sandbox to Rollout Women-Focused Insurance
Malaysian insurtech startup Fi Life announced today the launch of its first self-underwritten life insurance product which claims to offer the cheapest life insurance for women, available online. Fi Life said that any woman below the age of 55 will
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Insurtech Startup Ouch! Raises Pre-Series A, Eyes Digital Takaful License
Ouch!, a tech-enabled insurance platform has announced a fully subscribed six figures pre-series A round and is set to continue this momentum with Ouch! exercising Its over-allotment for additional investors to come on board. This follows their RM 1.5 Million
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Tune Protect Gets Approval for BNM Sandbox
Tune Protect Group announced that its wholly owned subsidiary Tune Protect Ventures (Tune Protect Life) has received Bank Negara Malaysia’s (BNM) approval to participate in the Financial Technology Regulatory Sandbox. Tune Protect Life will provide simple and affordable pure life
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FWD Launches RM45 Million Fund to Invest in Insurtech and Islamic Fintech
FWD Group, a a pan-Asian life insurance business, announced the launch of a RM45 million fund in collaboration with Malaysian venture capital firm Artem Ventures. The fund, TIM Ventures, will be investing in emerging startups in the insurtech and Islamic
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PolicyStreet Digitises Insurance Processes for foodpanda’s Delivery Partners
foodpanda has tied up with insurtech platform PolicyStreet to digitise the insurance processes for tens of thousands of its delivery partners’ to close the protection gap among gig workers. Through PolicyStreet’s latest digital solution– the Gig Workers’ Claims Portal, delivery
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5 Interesting New Details in BNM’s New Digital Insurance & Takaful Draft Framework
On Friday, Bank Negara Malaysia (BNM) issued its exposure draft for digital insurance and takaful operators (DITO) for written feedback following the issuance of the Discussion Paper in January this year. As part of the licensing application process, BNM will
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Two Malaysian Fintech Founders Win at SFF Global Fintech Awards
Two Malaysian fintech companies’ co-founders and CEOs received the ASEAN FinTech Leaders awards at the recent Singapore Fintech Festival (SFF) Global FinTech Awards 2022. They were Eddy Wong Kok Hoe, Co-Founder, CEO, and Managing Director of VSure Group; and Salim
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