YSX Tech, which provides business services primarily to insurers and brokerages in China, has filed for an initial public listing on Nasdaq in the US to raise up to $6m, says Renaissance Capital, a US-based global IPO investment advisor.
Beijing-based Internet insurance intermediary platform company Yuanbao is preparing for a listing in the US, and attending to regulatory directives to furnish information for the IPO.
Nasdaq-listed Fanhua, a leading independent technology-driven financial services provider in China, has signed a strategic cooperation agreement with Baidu AI Cloud to jointly develop "Du Xiaobao", an AI-Powered insurance sales assistant application for the agency channel.
The Dubai International Financial Centre Insurance Association (DIFCIA) has announced its reciprocal membership with ACORD, the standards-setting body for the global insurance industry.
Senangdali, a Philippine subsidiary of the Malaysian InsurTech firm Senang.io, is working with GoodTech, a FinTech company linking farmers and homebuyers, merchants and gig workers, with rural financial institutions, to offer loan protection to rural banks.
In today's fast-changing environment, Japanese insurers must continue to transform in order to maintain competitiveness and grow globally, says the international professional services firm PwC.
The first phase of Bima Sugam, a proposed ground-breaking one-stop online platform for insurance services, is expected to be launched around April next year, IRDAI chairman Debasish Panda said at a 7 June meeting with the CEOs of life, general and health insurers.
Online P&C insurer, Tk.cn Insurance, has reported three consecutive years of positive net operating profits, although its underwriting margin narrowed in 2023, says Fitch in a commentary.
Mal Bazaar, an Egyptian InsurTech startup, has strengthened its market position after acquiring a licensed insurance brokerage and securing approval from the Financial Regulatory Authority (FRA).
Regional InsurTech Igloo, together with the Philippines' largest mobile network Smart, has announced phone protection plans for its growing 55m-strong subscriber base.