This article showcases our top picks for the best Singapore based InsurTech companies. These startups and companies are taking a variety of approaches to innovating the InsurTech industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Singapore InsurTech Companies
DocDoc is the world’s first patient intelligence empowerment company. Our vision is to empower patients to make data-driven healthcare decisions which are safe, transparent, and fair.
We use technology in conjunction with medically trained professionals to optimise healthcare outcomes and cost, and enhance the patient’s end-to-end healthcare journey. DocDoc combines AI-powered doctor discovery, telemedicine, and digital Third Party Administrator services onto a single platform.
With this platform, DocDoc enables insurance companies to offer a differentiated product in a crowded market, employers to attract and retain world-class employees, and governments to improve accessibility and affordability of healthcare services for their citizens. DocDoc is an independent company with deep expertise in healthcare quality.
We seek physicians, clinics, and hospitals with excellent outcomes who believe they are the best at what they do. We then spend hours with each doctor, investigating quality of care and documenting procedures and conditions where the physician excels.
We review national records to confirm credentials and discover any legal action. Then, we enter information from multiple sources into a sophisticated system that finds a best match between a unique patient need and unique physician experience.
Our model is that everyone wins. The patient finds a highly qualified doctor to treat their condition.
Igloo, previously known as “Axinan”, is the first full-stack insurtech firm to emerge from Singapore. It has offices in Singapore, Indonesia, Malaysia, Thailand, Philippines and Australia, and tech centres are located in China and Taiwan.
With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams and optimise and enhance existing products and services..
Tribe Accelerator is the first Singapore government supported blockchain accelerator, championing to be a neutral platform in driving collaboration and growth of the blockchain ecosystem. The product development focused accelerator aims to provide promising startups a hyperconnected platform to develop innovative solutions together with our network of global corporations, government agencies and top blockchain companies.
Tribe Accelerator is backed by some of the world’s leading organisations including AXA, BMW Group Asia, Citibank, ConsenSys, Ethereum Foundation, EY, IBM, Intel, Nielsen, PwC, R3, Temasek, Ubisoft and others.. .
CredoLab develops credit scores based on mobile and web-behavioural data to help lenders make better credit decisions. We strive to make loans accessible to everyone and improve the lives of people who are otherwise left out by traditional banking processes.
Our mission is to increase financial inclusivity globally, by transforming the credit decisioning process through our state-of-the-art, data-driven, and cost-effective solution which creates a path for creditworthy individuals to access mainstream financial services. Established in Singapore in 2016, we have partnered with more than 70 lenders to power almost USD 2 Billion in loans issued across 20+ countries..
Anapi is a software platform that changes how to manage business insurance. It sends a reminder in advance so there is plenty of time to make an informed decision.
Anapi helps businesses understand what their insurance covers and how to save money on it. It was founded in 2018 and is headquartered in Singapore..
Cover2Protect.com is a Singapore based technology platform for people with special needs or disabilities . myBUD is an AI driven preventive healthcare solution which is aiming towards decreasing the cost of healthcare by early detection and intervention.
Our advanced wearable is able to track the following parameters: ECG, PPG, SpO2, Heart Rate, Blood Pressure, and activity. We have built our machine learning models to train our AI engine (my)aiBUD to understand and learn various medical vitals like ECG , PPG , HR , BP etc in conjugations with various structured or unstructured data around a health of person.
We also have build a full digital ecosystem surrounding medical needs of any critical patients to help him get healthcare FASTER , BETTER and CHEAPER. These ecosystem providers constitutes of Hospitals , Labs , Pharmacies , Ambulances and Wellness experts..
Ziddu is a blockchain-empowered global Micro-lending Solutions Provider. The company provides SEMs with Warehouse financing backed by their commodities in warehouses.
Its warehouse financing leverages blockchain technology to finance through Ziddu coins and other cryptocurrencies such as Ethereum and Bitcoin against their collateralized warehouse receipts.. .
Vouch Insurance bring fairer, more affordable and personalized insurance to communities. They are an insurance platform for communities.
The insurance experience hasn’t changed in decades and they want to change that starting with car insurance. Their partner insurers to make buying car insurance simpler, faster, and more rewarding for communities of safe drivers..
FWD started operations in Singapore in April 2016, providing employee benefits insurance to corporate customers. In September, FWD launched its direct-to-consumer business and currently offers a suite of life and general insurance products including direct-term life, car, travel, personal accident and maid insurance.
Leveraging technology, FWD provides insurance that is world beating in its simplicity and customer focus for connected people to take control.. .
MIFON is an Insurtech security company, backed by VC SOSV, Mobile Only Accelerator MOX & Mediatek company General Mobi. MIFON helps users get their lost phone back without the need for power or an internet connection.
Focusing on mobile first users in India, South East Asia, the Middle East & Africa. Currently protecting over 3000,000 smartphones, User mix is 75% through B2B partnerships with handset brands & mobile carriers and 25% organic users.
MIFON platform processes billions of data points, using ML algorithms, to keep MIFON users safe & secure. 70% of MIFON users are in India , 10% is in the USA & balance 15% in South Asia & Middle East North Africa..
Planner Bee is bridging the gap in digital financial services, bringing financial advisory digital. It allows users to view their financial portfolio from multiple providers in one platform by means of API connections to banks, Insurers and trading platforms.
We help users take control over their own financial planning and investment choices, without a sales person.. .
World’s 1st Marketplace for Tradable Insurance Policies, leveraging on Blockchain Technology to disrupt the status quo. fidentiaX is a marketplace and repository of insurance policies for the masses that leverages on blockchain technology.
Users will be able to buy, sell or store their insurance policies on the blockchain. This blockchain-powered marketplace will provide a trustless, immutable, auditable and transparent environment to disrupt the status quo..
You may write to us at: Daily Finance Media/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.