insurance technology (insurtech)

Investments in insurtechs worldwide grew to US$14.6 billion ($19.8 billion) in 2021 from US$7.2 billion in 2019.

Fermion Group is a Singapore-headquartered entity building insurance ecosystems to meet the needs of BFSI sectors.

SINGAPORE (Dec 12): Insurance group Great Eastern has signed a regional strategic partnership with Axiata Digital Capital to provide insurance and takaful (Islamic insurance) products in Malaysia and Indonesia.

SINGAPORE (April 27): Singapore Life has raised US$50 million ($70 million) in Series A funding round led by Hong Kong listed Credit China FinTech Holdings through its subsidiary, Impact Capital Holdings, as well as UK-based investment firm IPGL Limited.