Future of Motor Insurance reshaped by the paradoxical year
We all know that 2020 has changed the whole world. It’s the matter of perspective whether the change was better or worse. But 2020 has been the year of immense innovation and adaptability in the face of seemingly invincible adversity caused by the COVID-19 pandemic. Due to regional lockdown restrictions, travel measures and most people […]
Revolut Singapore and SNACK join together to bring in a lifestyle-based insurance to the market
London based fintech Revolut partnered with cooperative SNACK, offering lifestyle-based insurance products in Singapore. SNACK which is owned by NTUC income which offers its customers stackable micro insurance based on their lifestyle. On signing up on the SNACK app the Revolut customers receive $500 insurance coverage as complimentary. The partnership allows Revolut’s customers based in […]
Philippines to increase micro insurance by 2022
Affected by a series of catastrophes such as Taal volcano eruption, Covid-19 outbreak, typhoon Rolly, typhoon Ulysses in 2020 a significant increase in claiming not only micro insurance policies but also for the entire industry as a whole is to be expected. Considering the events that have transpired, the Philippine government is in the process […]
Life insurance premiums in APac will grow in 2023: GlobalData
According to Global data, the written premiums will grow due to the aging population in the Asia-Pacific region along with growing middle class and its disposable income. It is set to arise from $1.2 trillion in 2019 to $1.5 trillion in 2023. Insurance Analyst at Global data, Pratyush Mehra says that several countries are gradually […]