Two mainland Chinese-controlled technology-driven insurance intermediaries made the headlines in the past few weeks with the successful launch of their initial public offerings (IPOs) on Nasdaq.
The entry of new players in the list of the top 10 motor insurers in India has changed the competitive dynamics of the country's related insurance industry, said data and analytics company GlobalData.
Digital insurer Singlife Philippines has secured funding of PHP600m ($10.67m) from its parent and majority shareholder, Singapore Life Holdings (Singlife or the Group).
Nasdaq-listed Cheche Group, China's leading motor insurance technology platform, has entered into a partnership with Beijing Houji Insurance Brokerage Co, an affiliate of Xiaomi Corporation (Xiaomi Group), as Cheche continues to broaden its partner network with leaders in the new-energy vehicle (NEV) industry.
The "Protection of Policyholder Interest Regulation 2024" takes effect today, 1 April 2024, mandating that all insurance policies be issued in electronic form.
Hong Kong-listed ZhongAn Online P&C Insurance, China's first online-only insurer, marked the 10th anniversary of its establishment with a turnaround in its financial performance, chalking up its highest net profit to date in the 2023 financial year.
Leading insurance companies in China such as PICC, Ping An, and China Pacific (CPIC), and others, have set up their own independent technology units to conduct special research on insurance for new-energy vehicles (NEVs), according to Mr Zhang Lei, founder and co-CEO of Nasdaq-listed Cheche Group.
Bahrain Kuwait Insurance Company (BKIC), which is part of the regional insurance group Gulf Insurance Group, has launched distance-based motor insurance, which it offers exclusively online.
KoverNow has appointed Mr John Trotter as chief sales officer and managing director. In his new role, he will be responsible for expanding KoverNow's customer base beyond Singapore and launching its digital insurance app in Hong Kong.
Prudential Singapore has announced that it is the first insurer in the city state to enable policymakers to effect online nominations of beneficiaries (online NOB) using "Sign with Singpass", which makes it easy and more convenient for policyholders to nominate their beneficiaries.