Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
The Indonesian insurtech said that the lays offs were made following a post-funding assessment, citing the need to improve internal synergies for better future sustainability.
Goldman Sachs is understood to be gathering indicative bids based on the insurer's projected earnings, which may price local players out of the market.
AXA Secure GPT, which was built in just three months, will initially be accessible to 1,000 employees but a global rollout is planned for the coming months.
The partnership comes a week after the news that Hailstone Labs had invested in OneDegree to promote the advancement of digital assets and blockchain technology.
