Singapore pushes for insurtech edge

Singapore pushes for insurtech edge

Insurance Asia News – 21 August 2017

Singapore’s financial regulator signed a deal this month with Britain’s trade-promotion arm and 15 insurance industry representatives to promote digital innovation in the city’s insurance sector.

The signatories included Aviva, NTUC Income, Axa, Aon, AIA, IAG, Allianz, Etiqa and InsurTechAsia, all of whom have agreed to boost technology in the insurance sector through four initiatives, including the introduction of the Asean InsurTech LaunchPad, which focuses on promoting growth in the local insurance industry through bringing in high-growth insurtech) startups to Singapore and facilitating collaborations between insurers and startups.

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