Life and Health

indias-online-insurer-policyboss-gets-series-b-funding-boost-1

India's PolicyBoss gets Series B funding lift

June 8 2023

The funds are going to be used to improve the digital insurer's technology infrastructure and strengthen its last-mile presence.

japan-post-insurance-to-make-a-material-investment-in-reinsurance-vehicle-sponsored-by-u-s-head-quartered-global-atlantic

Japan Post Insurance to invest in international reinsurance vehicle as part of international growth strategy

June 7 2023

The news was announced as part of a strategic partnership between Japan Post, investment firm KKR, and the U.S. head-quartered (re)insurer Global Atlantic.

Report: Zurich and BNP Paribas Cardif eyeing potential bid on Indonesian Life Insurer

June 7 2023

Both insurers are looking at PT Astra's life insurance arm, though discussions are believed to be at preliminary stage.

APRA publishes minor updates to AASB 17 which will take effect from July 1st

June 7 2023

APRA had opened up a consultation on proposed changes in May. With no responses received, the regulator went ahead and finalised the amendments.

John Fowle to step down as Group CEO of Chaucer

June 7 2023

Fowle said that, after 20 years with the group, the timing was right to pursue new opportunities.

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AXA announces global management changes ahead of new strategic plan

June 6 2023

Among the Asia Pacific changes, Former APAC CEO Gordon Watson is appointed Non-Executive Chairman and steps down from AXA's Management Committee.

policystreet-leads-series-b-rounding-for-malaysian-insurtech-policystreet

PolicyStreet raises US$15.3m in Series B round led by Khazanah

June 6 2023

Malaysia's sovereign wealth fund said it saw value in PolicyStreet's ability to offer accessible and meaningful coverage to the unserved and underserved.

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IRDAI asks insurers to carry out 'suo motu' claim settlement for policies related to the Odisha train collision

June 6 2023

The Indian regulator has asked insurers to minimise paperwork and use official lists of passengers to expedite claims payments.

ASIC Chair: ESG is here to stay and regulatory change is coming

June 5 2023

Joe Longo was speaking at the AFR ESG summit in Sydney and emphasised the importance of ESG for consumers, investors, companies and the planet.

report-china-life-invests-300-million-yuan-in-series-b-round-for-yingke-biopharmaceutic

Report: China Life invests US $42.4m in Series B round for Yingke Biopharmaceutic

June 5 2023

Yingke was established in 2022 and is engaged in the R&D of pharmaceutical drugs

onedegree-global-testing-microsofts-azure-open-ai-service-for-saas-insurtech-solutions

OneDegree Global testing Microsoft's Azure Open AI service for pricing, underwriting and claims solution

June 5 2023

The insurtech is testing the generative AI feature in a private alpha of its IXT Seeble solution.

LIC announces expedited claims settlements for victims of tragic Odisha train accident

June 4 2023

On Friday, India experienced its most severe train accident of the century. Three trains derailed, causing the death of at least 288 people and injuring over 1100 more.

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