Nasdaq-listed Huize Holding is targeting entry into two new Southeast Asian markets within the next 12 months, with ambitions to become a leading pan-Asian digital insurance platform.
Beijing-based Internet insurance intermediary platform company Yuanbao has filed for an initial public offering in the US, following in the footsteps of several other Chinese online insurance companies that are currently listed on either Nasdaq or the New York Stock Exchange.
State-run Life Insurance Corporation of India (LIC), the country's biggest life insurer, has committed INR6bn ($72m) for its digital transformation journey, according to the company's chief risk officer Mr Sunder Krishnan.
The African insurance market is experiencing significant transformation driven by various trends that present both opportunities and challenges.
The non-profit Global Association of InsurTech Professionals (GAIP) has launched a chapter in India.
Nasdaq-listed Zhibao Technology, an InsurTech company primarily engaged in providing digital insurance brokerage services through its operating entities in China, has announced that it would offer "Hui Jia Bao" (an inclusive homeowner insurance product offered by the company) in Nanjing.
Tree Digital Insurance Agency has launched the first pet insurance service in Saudi Arabia, to meet the needs of pet owners and to add innovation to the digital insurance market.
Tadawul-listed Rasan Information Technology Co has announced that its subsidiary, Tameeni Electronic Insurance Broker, has obtained a no-objection letter from the Saudi Insurance Authority to sell comprehensive motor insurance for leased vehicles.
Huize Holding, a Nasdaq-listed Chinese insurance technology platform company, has announced that its international arm Poni InsurTech has completed its acquisition of 71.7% stake in Vietnam-based Global Care Consulting Joint Stock Company. The Vietnamese InsurTech company specialises in digital transformation solutions for the insurance industry.
Nasdaq-listed Zhibao Technology, engaged primarily in providing digital insurance brokerage services through its operating entities in China, has won a tender to provide high-end medical third party administration (TPA) services to the People's Insurance Company of China (PICC Group), one of the largest insurance groups in the country.