News > FinTech, Insurtech

Sumitomo Invests $90 Million in Insurtech Firm Singapore Life
Singapore Life has become quite popular with investors lately. According to The Business Times, Japan’s Sumitomo Life Insurance has invested $90 million in digital-focused insurer Singapore Life. The deal gives Sumitomo 25% of the company, while raising Singapore Life’s valuation to $358 million. Earlier this year, Scottish asset manager Aberdeen Standard Investments took a minority stake in Singapore Life for
Lessons From Fintech Applied To Insuretech
Background I’ve seen this story before.  Having worked in fintech since 2005, I witnessed the fintech wave forming, cresting, and eventually crashing into the financial ecosystem.  If there is a fraternal twin to banking, it’s the insurance industry.  Both industries are built on managing risk, capital, compliance, and distribution.  Not everything in fintech will apply to insuretech, but there’s a
Insurtech Firm Bags One of Singapore's Largest-Ever Series A Rounds
Fintech investments may have dropped across Asia but over in Singapore, investment rounds seem to keep getting bigger and bigger. Tech in Asia: Insurtech firm Singapore Life announced today it has raised a blockbuster US$50 million for its series A round. Investors include Impact Capital Holdings, a subsidiary of Credit China Fintech Holdings. CCFH is a Hong Kong-listed group “with
Asian Insurtech Is in for a Bumpy Ride
Insurtech has been on a tear lately. According CB Insights, deal activity in the sector has been expanding at a rapid rate. In 2016 alone, the total number of insurtech deals surged over 40%, while total funding dollars pushed the $2 billion mark. And that’s just startups. Matt Streisfeld, a VP at venture capital firm Oak HC/FT, says that overall