UK-based insurtech Sprout.ai secures $2.5 mn seed funding
Amadeus Capital Partners led the funding round...
Category : Insurance
Chinese insurers face risk from selling Covid-19 cover: Fitch
The sale of cover could pose risks to property and casualty insurers' underwriting stability...
China seeks to increase ownership limit for foreign insurers
The move comes in an effort to open up the financial market to foreign investments...
UAE Insurance Authority to delay BOD-49 until six months
Some insurance companies in the country have expressed it requires more than the stipulated time for successful implementation...
Thailand insurance companies face surge in demand; suspend sales
In the light of the coronavirus infection, Thailand’s insurance companies are currently modifying protection conditions...
FWD to sell TMB bancassurance contract to Prudential for $630 mn
Prudential’s Thai unit will acquire FWD’s exclusive rights to sell life insurance products using TMB Bank’s platform...
Kenya Re to set up re-takaful unit in Egypt in 2021
The insurer increased its cash reserves through issuance of 2.099 billion of new shares...
Aviva plans to sell all shares in Astra Aviva Life to Astra International
The deal is subject to regulatory approval and Bangkok Bank’s acquisition of Bank Permata in Indonesia...
UOB, Prudential Singapore launch savings account with cancer cover
The insurance will cover six cancer-related illnesses including breast, uterine and ovarian...
South Africa’s King Price buys Stangen, targets life insurance
King Price bought Stangen from African Phoenix Investments for R140 mn...