Tag: Hong Kong

MediConCen Limited, an InsurTech company specialising in automating insurance claims using AI, has raised $6.85m in a Series A funding round. 

The IA, a regulatory body overseeing the insurance sector in Hong Kong and the ICAC have entered into an agreement.

Hong Kong-based OneDegree Group, a leader in digital asset insurance and generative AI-enabled InsurTech solutions, has successfully garnered a significant amount of funding in their recent investment round.

Avo Insurance Company, which identifies as Hong Kong’s first virtual general insurance company, has secured an additional HDK 260 ($33.4m) in funding.

OneDegree, which claims to be one of the fastest growing InsurTech companies in Asia, has raised $28m in its Series B1 funding round.

Ignatica, a plug & play SaaS insurance platform, has reportedly bagged $7m in its pre-Series A funding round.

Digital insurance platform OneDegree has reportedly become the first company to receive a virtual insurance license from the Hong Kong Insurance Authority.

Hong Kong's Insurance Authority has extended its temporary Covid-19 facilities for non-face-to-face distribution of some insurance products.

Hong Kong-based InsurTech company Avo Insurance has signed a partnership with investment management firm Two Sigma.

AMTD Digital is reportedly set to acquire a controlling stake in PolicyPal, an InsurTech startup which helps consumers buy, manage and claim.