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Vietnamese digital insurer Saladin raises series A funding
Yahoo Finance· 2025-12-15 10:00
Core Insights - Saladin, a digital insurance broker in Vietnam, has successfully completed a series A funding round led by SBI Ven Capital, with participation from various investors, although the amount raised remains undisclosed [1][2] - The funding will enable Saladin to expand its product offerings and strengthen partnerships to provide more life and health insurance solutions online [1][2] Company Overview - Founded in 2022, Saladin operates as a digital-first insurance distribution platform in Vietnam, offering B2B2C solutions and connecting consumer services such as payments, travel, and healthcare [2] - Currently, Saladin collaborates with 15 insurers in Vietnam and has nearly one million unique customers on its platform, supported by a network of over 15,000 registered agents and partners [5] Future Plans - Saladin plans to launch life insurance products, including term life and health protection, focusing on online distribution channels [3] - The company aims to enhance customer engagement by improving service operations related to claims handling and ongoing support [4] - Future growth will rely on forming additional partnerships in health, term life, and travel insurance to develop tailored protection solutions for the Vietnamese market [5] Market Context - The CEO of Saladin, Vivien Vân Lê, highlighted Vietnam's ongoing reforms and digitalization efforts, suggesting that the years 2026-27 will mark a significant period of innovation in insurance, fintech, and healthtech [3]
Zhibao Technology Inc. Launches Zhibao Yingshi - A Joint Venture to Accelerate Development of Medical Insurance Products
Newsfile· 2025-12-12 14:00
Core Viewpoint - Zhibao Technology Inc. has launched a joint venture, Zhibao Yingshi, to enhance the development of medical insurance products in China, leveraging the strengths of both Zhibao and Yingshi Health [1][5]. Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on digital insurance brokerage services in China, having pioneered the first digital insurance brokerage platform in the country in 2020 [8][9]. - Yingshi Health specializes in health insurance management, emphasizing innovative product design and comprehensive risk control management [10]. Joint Venture Details - The joint venture, Zhibao Yingshi, was established in September 2025, with Zhibao holding a 51% equity interest [3]. - The initial revenue for Zhibao Yingshi was recorded in November 2025, primarily from service fees related to mid- and high-end medical policies [2]. Financial Targets - The joint venture has set preliminary monthly revenue targets of RMB 4 million (approximately USD 560,000) for the remainder of 2025 and an annual revenue target of RMB 50 million (approximately USD 7 million) for 2026, with an expected annual growth rate of no less than 10% [4]. Management and Operations - The management team of Zhibao Yingshi will include Mr. Chunhui Ji from Yingshi Health as chairman and general manager, integrating resources from both companies to achieve growth targets [7][8]. - Zhibao will contribute its existing strengths in reinsurance, brokerage, medical networks, and risk management to the joint venture [7].
Zhibao Technology Inc. Announces the Appointment of New Executives
Newsfile· 2025-12-05 14:00
Core Insights - Zhibao Technology Inc. has appointed three new executives to strengthen its operational foundation and support its growth strategy for the next decade [2][12] - The new executives include Mr. Xiaowei Le as Chief Operating Officer, Mr. Xiao Luo as Chief Marketing Officer, and Mr. Guangtong Ren as Chief Actuary, all of whom have significant experience in the insurance industry [1][12] Executive Profiles - Mr. Xiaowei Le has a proven track record with over 20 years in sales management and leadership roles, achieving over 70% year-over-year revenue growth for Zhibao China [3][4] - Mr. Xiao Luo, a co-founder of Zhibao China, has over 10 years of experience in the insurance industry and will focus on promoting the Zhibao brand to new business channels and strategic partners [5][7][6] - Mr. Guangtong Ren brings over 20 years of experience in corporate finance and risk management, and will be responsible for the development and pricing of insurance products [8][9][11] Strategic Importance - The appointments are part of Zhibao's roadmap for accelerated growth and expansion, reflecting the company's commitment to enhancing its operational capabilities [2][12] - The new leadership team is expected to leverage their expertise to drive Zhibao's ambitious goals and further establish its position in the InsurTech market [12] Company Overview - Zhibao Technology Inc. is a leading InsurTech company in China, providing digital insurance brokerage services and pioneering a 2B2C business model [13] - The company has developed over 40 proprietary digital insurance solutions across various industries, utilizing big data and AI technology to enhance its offerings [14]
Digital insurer Roojai secures $60m from Apis Partners and Asia Partners
Yahoo Finance· 2025-11-27 09:50
Core Insights - Roojai, a Thailand-based digital insurer, has secured $60 million in a Series C funding round led by Apis Partners Group and Asia Partners to expand its operations in Thailand and Indonesia and explore M&A opportunities [1][5] Company Overview - Founded in 2015, Roojai started as an online motor insurance provider in Thailand and has since expanded its offerings to include health, personal accident, and travel insurance [2] - The company is led by CEO Nicolas Faquet and utilizes a digital platform that allows users to receive tailored quotes, adjust coverage, submit claims digitally, and manage payments [2] Market Expansion - Roojai entered the Indonesian market in 2022 by acquiring Lifepal, an insurance comparison website, and in 2023, it purchased FWD General Insurance Thailand, rebranding it as Roojai Insurance in 2024 [3] - The company now operates several entities, including Roojai Insurance in Thailand and Roojai Indonesia, which acts as a managing general agent for general insurance products [4] Product Offerings - Roojai employs a person-focused underwriting approach and offers premium discounts for drivers with safe records [4] - The company also provides specific policies for electric vehicles (EVs) to promote sustainable mobility in Southeast Asia [5] Investor Support - The funding round included participation from existing shareholders such as HDI International, International Finance Corporation, and Primary Group, reaffirming their confidence in Roojai [2][6] - CEO Nicolas Faquet emphasized the growth expertise brought by Apis and Asia Partners, which will aid Roojai in its disciplined growth and product innovation [5]
MoneyHero Group partners with InsureMO to expand digital insurance access in the Philippines
Globenewswire· 2025-11-25 02:00
Core Insights - MoneyHero Limited has announced a strategic partnership with InsureMO to enhance digital insurance offerings in the Philippines through its local brand Moneymax [1][3] - The Philippines has a low insurance penetration rate of approximately 2% of GDP, significantly below the regional average of 4-5%, indicating a substantial market opportunity [2] - The partnership aims to address the underserved motor insurance market, where only about 1 in 3 vehicles has comprehensive coverage [2] Company Overview - MoneyHero Limited operates as a tech- and AI-powered personal finance aggregation platform, providing consumers with tools to compare and choose financial products [6] - The company has a presence in multiple Asian markets, including Singapore, Hong Kong, Taiwan, and the Philippines, with a portfolio of brands including MoneyHero, SingSaver, Money101, Moneymax, and Seedly [6] - As of June 30, 2025, MoneyHero had over 270 commercial partner relationships and approximately 5.3 million monthly unique users [6] Partnership Details - The collaboration with InsureMO will utilize an API-driven platform to streamline the insurance purchasing process for Filipino households, enhancing access and convenience [3][5] - InsureMO's platform supports rapid deployment of new insurance products, allowing insurers to launch offerings via MoneyMax in a matter of weeks [7] - The partnership is expected to improve customer experience by providing real-time quotes and a broader selection of insurance products [7] Market Context - The partnership is positioned to capitalize on the growing demand for digital insurance solutions in the Philippines, where digital distribution can significantly enhance insurance access [5] - MoneyHero aims to replicate successful strategies from other Asian markets to scale its insurance vertical in the Philippines [5] - The initiative is supported by strategic relationships with key insurers in the region, enhancing operational control and customer acquisition capabilities [7]