Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.
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Today’s top selected digital insurance content
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| | HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub in Singapore and fuel its expansion across Southeast Asia amid increasing tension in China. The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health
insurance firm, with assets of $474 million.
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Allianz Partners has launched a digital platform that accompanies travelers before, during, and after a trip, with relevant products and services provided by Allianz Partners as well as other service providers across the travel industry.
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| | Fano Labs, a Hong Kong artificial-intelligence startup, is becoming a high-profile player in the government’s efforts to forge the city into a global hub for regtech. The startup has quietly raised over HK$100 million from investors including Horizon Ventures, Alibaba, Hong Kong University, and Hong
Kong Science and Technology Park.
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| | Australian insurer Steadfast has agreed to acquire Coverforce, a privately owned insurance broker, for approximately $302.04. Coverforce focuses on small and medium enterprises. It has four divisions that include a wholly-owned insurance brokerage, equity-based partnership business Coverforce
Partners.
LIFE INSURANCE INTERNATIONAL
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| | First Consulting, an Amsterdam-based consultancy, announced that it has become a strategic partner and certified system integrator for Socotra, a cloud-native core platform for insurers. First Consulting reports that it will scope and deploy the Socotra platform in Europe, the Middle East, and Africa
(EMEA).
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