BOULDER, Colo., March 24 (Korea Bizwire) – Markd, a new insurtech VC firm, announced today the close of its $100M debut fund. The $100M vehicle will be used to fund early- and growth-stage startups with the potential to propel the digital transformation of the insurance industry. Anchor investors in Fund 1 include Markd founder and managing [...]
LONDON, Jan. 28 (Korea Bizwire) — MIC Global has received ‘in-principle’ approval from Lloyd’s for the creation of MIC Global Insurance Syndicate in a box (Syndicate) MIC 5183. MIC Global is a pioneering insurtech providing end-to-end digital micro insurance products. The new syndicate will be managed by Asta, the leading third-party managing agent at Lloyd’s [...]
Hong Kong, Jan. 19 (Korea Bizwire) — As the Asian Financial Forum FinTech partner, Cyberport today hosted a thematic breakout session on the topic of “Acceleration of Digital Transformation: Opportunity in a Changing World for 2021”. Cyberport Chairman Dr. George Lam and Robert F. Smith, Founder, Chairman and Chief Executive Officer of leading global investment firm Vista Equity Partners, discussed Asia [...]
SEOUL, May 22 (Korea Bizwire) — Insurtech, a combination of insurance and technology, is known as an underdeveloped sector despite its potential. The Financial Supervisory Service (FSS), in its analysis on how Internet of Things (IoT), big data, artificial intelligence (AI), blockchain, and other new technologies are being used in the South Korean insurance market, [...]