NTUC Income links up with Revolut for lifestyle partnership

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Singaporean insurer NTUC Income has partnered with international financial platform Revolut to incorporate lifestyle-based insurance offerings on the latter’s mobile app.

According to a statement from the companies, a key aspect of the collaboration will be the embedding of Income’s micro-insurance platform, known as Snack, into Revolut’s Savings Vault feature. This will allow customers to purchase insurance coverage on Snack through bite-sized premiums of SG$0.30, SG$0.50 and SG$0.70, linked to daily lifestyle activities such as dining, taking public transport, using their Revolut Visa debit card, as well as clocking steps on Fitbit. Products such as term life, critical illness, and

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Aon exhibits ‘largest of its kind’ insurance policy

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“Markel is proud to have worked with Aon in crafting a unique solution, and looks forward to building this new market with Aon in the future,” said Jim Gray, executive underwriting officer of professional liability at Markel Specialty.

The IP-backed lending transaction marks Aon’s rollout of its intellectual property capital market solution, which features the broker’s proprietary IP valuation tools. 

Jim Young, chief financial officer at Indigo – which, through the structure, was able to raise additional funds while avoiding equity dilution – commented: “As an innovative company using microbial and digital technologies to facilitate positive transformation of the agriculture

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Markel comes on board with the Concirrus Quest Marine Hull

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Markel International has adopted Concirrus’s Quest Marine Hull, a behaviour-based data analytics platform, to accurately assess and monitor marine risk. The platform complements Markel’s strategy to examine digital data in order to ensure that underwriters have a real-time view of the global market.

“It’s vital that we implement technologies that help us elevate performance, while maintaining our traditional customer-centric perspective,” said Daniel McCarthy, head of hull and war at Markel International. “Concirrus’s platform provides a comprehensive view of risk and enables us to use digital data to gain further insights into the drivers of risk.”

“Markel is a staple of

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“Big three” Korean insurers looking at Southeast Asia for growth

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The “Big three” life insurers in South Korea are looking overseas, especially in the emerging markets of Southeast Asia, to meet their growth targets amid saturation in their home market.

According to a report by The Korea Times, the trio – Samsung Life Insurance, Hanwha Life Insurance, and Kyobo Life Insurance – are eyeing Southeast Asia due to its huge demographic potential, versus the more developed markets in Europe and North America.

In one such move, Kyobo has announced that it will establish a joint venture in Myanmar, slated to open in the latter half of 2021.

“The country’s

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