Top Singapore Insurance Companies (15)
The insurance industry is undergoing a major transformation, driven by the adoption of modern technologies and innovative processes. While larger companies are making significant strides in this digital shift, smaller companies are facing challenges in keeping up and fear falling behind. Moreover, the industry is witnessing the rise of disruptive Insurtech startups that offer cutting-edge digital solutions, posing a threat to the traditional players. Despite the rapid growth of Insurtech’s over last many years, it still represented less than 1% of the overall insurance market in 2021 and market research suggests that even in next 10 years (2031), its share is unlikely to exceed 3%. This underscores the importance of empowering traditional players, if we aim to transform the entire industry. Agiliux is on a mission to transform the traditional insurance distribution. On one hand, we offer tailored software to various intermediaries like brokers, agencies, and banks (bancassurance), to enhance their distribution efficiencies, elevate customer experience, and on other hand, we offer solutions to insurers and reinsurers to improve their communication with intermediaries, and enabling them to stay competitive in the rapidly changing landscape.
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help you sharpen your strategy, enhance organizational resilience, motivate your workforce and maximize performance.
The Thomas Miller Group is an international provider of market leading insurance services. Many of the businesses we own or manage are acknowledged leaders in their chosen markets. Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors, where today we manage a large percentage of the foremost insurance mutuals. We apply our knowledge and expertise to the development of specialist insurance services businesses. Principal activities include: - Management services for transport and professional indemnity insurance mutuals - Managing general agency - Professional services including technical services, legal services, captive and claims management - Investment management for institutions. The services Thomas Miller offers make use of its core skills in underwriting, claims handling, loss prevention, risk management, legal advice and investment.
Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets. We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams. Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving. Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval. We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
CoverGo is the leading global no-code insurance platform for health, life and P&C, enabling insurance companies to transform digitally in the most flexible, scalable and cost-effective way. CoverGo’s platform is powered by the most comprehensive set of insurance APIs (500+) in the market allowing companies to integrate with other systems and create a robust insurance ecosystem. Insurance companies use CoverGo to build and launch all types of insurance products within days, develop omni-channel distribution and digitize policy admin and claims. CoverGo is ISO 27001 certified and already working with insurance companies and delivery partners in Asia, USA, Canada, Latin America, MENA and other markets across the globe. CoverGo is the global insurance technology market leader as recognized by a number of awards incl. • Global Top 100 Insurtech - Digital Insurance Agenda • Insurtech of the Year in all Asia - 25th Asia Insurance Industry Awards 2021 • The Most Innovative Insurance Technology Service Provider - International Finance Technology Award • Grand Fintech Prize - FIBC Japan • The Best Technology Provider to Insurance Companies – DigFin Innovation Awards 2021 • Insurtech 100 - FinTech Global 2021 & FinTech Global 2022 CoverGo is backed by leading US insurtech and fintech VC funds and strategic investors from the US, Asia, Africa, and the Middle East: • SemperVirens VC, with our lead investor Caribou Honig • SixThirty, Tribeca Early Stage Partners and Fresco Capital • Old Mutual, Asia Financial Holdings, XN Worldwide Insurance, Noria Capital CoverGo is also part of leading insurtech and fintech programs: • Accenture Fintech Innovation Lab New York • InsurTechNY • Plug & Play Insurtech Silicon Valley • InsurLab Germany • Dubai International Financial Centre Fintech • Accenture Fintech Innovation Lab APAC • Plug & Play Fintech Japan • Monetary Authority of Singapore Global Fintech Program • InsurTech Hub Munich and others
UnderwriteMe has transformed the life insurance industry through technology by bringing Insurers, Intermediaries and Customers closer together in the marketplace. We recognised the need to change the life insurance application journey from a clunky, inefficient experience to one that makes the buying process easier and faster for customers and advisers alike. Founded in 2012, our journey started with the Underwriting Engine and Protection Platform in the UK and we have now grown to become a leading InsurTech provider across Europe, Asia, Australia, United States and Canada. With an expanding portfolio, our mission is to provide technology solutions that enable our partners to transform and disrupt the life insurance industry.
Manulife is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We have more than 40,000 employees, over 116,000 agents serving ~34 million customers worldwide, and over $1.3 trillion in assets under management and administration. Visit www.Manulife.com to find out more. For Manulife terms of use, please visit http://bit.ly/SM_Terms
Gigacover started in 2017 when the founders saw that business models, workforce norms and risks in operating environments were evolving rapidly. We believed that insurance - a very traditional industry - was too inefficient, complicated, expensive and had lost the trust of consumers. We wanted to reinvent the industry with customer-centric digital experiences powered by unique products, powerful software and friendly services. Gigacover was started in Singapore but has since expanded regionally and has plans to grow globally as we charge towards our vision. We have delivered many insurance programs to protect businesses and people. We have also brought innovative products to market, such as freelancer earnings protection, collision damage waiver and aggregate parcel protection. We believe that innovation, customer insights, new data and technology are the key to unlocking the future value of insurance.
Ancileo is a software as a service provider for the insurance ecosystem, offering a comprehensive range of technology solutions to enable digital partnerships between insurers and their distribution partners. Ancileo core capabilities include plug and play API solution, white label, agent portal management, claims automation, policy management and localised payment solutions for insurance premium collection. For more information, visit www.ancileo.com
Igloo is a full stack insurtech startup founded in 2016. It leverages big data, real-time risk assessment and end-to-end automated claims management to create innovative B2B2C insurance solutions for platform partners and insurers. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams and optimise and enhance existing products.
At Uncharted, we are focused on providing compact, powerful and scalable platform solutions for the SME, consumer and speciality insurance markets. Our cloud-based digital insurance platform provides Brokers, Carriers and MGAs with a comprehensive set of solutions across distribution, policy administration and data management. A true platform-as-a-service, our rapid deployment methods, combined with a license structure that scales with growth, allows our clients to embrace digital opportunities and expand traditional business models and industry partnerships at pace, whatever the size of their business. Talk to Uncharted about a demo today.
Protos Labs is a Singapore-based cyber insurtech company founded by ex-Booz Allen cyber leaders in 2021. Our vision is to uplift Asia's resilience against cybercrime through holistic cyber risk management solutions for both enterprises and consumers. Some of our key partners include Lloyds of London, HannoverRE, Cybersecurity Agency of Singapore, etc. Awards - Ranked #7 Sonr's Top 50 Insurtechs in APAC, - Tech in Asia's Top 50 rising startups. - Cyber Newcomer of the Year 2023 by Zywave - Top 5 Startups - VISA Everywhere Risk Special Edition - OCBC Emerging Enterprise Finalist 2023
bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. Headquartered in Singapore, bolttech serves customers in 35+ markets across North America, Asia, Europe and Africa. With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. For more information, please visit https//bolttech.io.
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