Alibaba affiliate Ant Financial AI-driven app, that helps provide detailed motor damage information to insurers and claim vehicle insurance in real time, has already saved the insurance industry over CNY1 billion ($157 million) in claims handling.
The CareVoice, a Shanghai-based health InsurTech startup transforming healthcare into a more consumer-centric experience, has launched an AI Voice-based Virtual Health Assistant for insurers and employers in Greater China. The company claims that this is the first such in the region.
The Chinese government is working on national standards for blockchain technology in the country. The standards are expected to be completed by the end of 2019.
AIA Group has formed a long-term strategic partnership with We Doctor Holdings (WeDoctor), China's leading technology-enabled healthcare solutions platform. The partnership took effect on 9 May.
NTUC Income, a homegrown insurer in Singapore, ranks overall first in the inaugural Applied Innovation Institute Singapore Insurance Innovation and Digital Benchmark, ranking the innovation and digitisation efforts of 25 insurers in Singapore.
Aqeed.com, an insurance aggregator in the region, is now live, after having raised US$18 million from its corporate shareholders in a landmark Series A round of funding.
With the number of cross-industry insurance collaborations growing, insurers and their partners need to work together to create a positive customer experience. The challenges and opportunities of this process were discussed at the Asia InsurTech Summit 2018 during a panel discussion featuring Chubb Asia Pacific chief digital officer Michael Eksteen, the Warranty Group SEA director Hemaka Perera and Grab's head of financial services Ankur Mehrotra. It was moderated by Munich Re Singapore's chief operating officer Jill Hoffman.
Something disruptive this way comes. The Asia InsurTech Summit 2018, organised by Asia Insurance Review in partnership with InsurTech Asia Association, was a revelation.
The first round of the pre-launch of the Ydentity™ ICO by Bright Nation Limited takes place today. The second round will be held in September, 2018, prior to the core offering in December 2018, the company says.
The 'no-wait' generation - or millennials - presents a very good pool of customers for insurers because of their conscientious drive to look after their health, said dacadoo vice president for Asia Pacific Thomas Dijohn. But while there lies plenty of opportunity for this demographic, there is a need to create different modes of distribution and products to meet the demand.