Company Statements

The Malaysia motor insurance market has been undergoing a process of liberalisation since 2016, growing in net earned premium value year-on-year ever since. The Malaysia motor insurance market is expected to grow to a value of $2.4bn in 2023...

Under the new longevity insurance deal, CSS Pension Plan will transfer longevity risk for CAD660m ($501.49m) of pension plan liabilities to Co-operators The Co-operators, a Canadian insurance company, has signed a new longevity insurance deal with the Co-operative Superannuation Society...

Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry announced its fraud detection technology has been selected by digital native neo-insurance company Luko. Since its launch in May 2018, Luko has been...

Open Banking Expo has donated a percentage of its ticket sales from its London event to The Money Charity. The event organisers entered a partnership with Nationwide’s Open Banking for Good challenge and The Money Charity in 2019 to...

Meezan Bank, one of the largest Islamic banking players in Pakistan, has selected Oracle FSS‘s front-end channels system as part of a company-wide digital revamp, FinTech Futures learns. Oracle FSS fended off competition from rival Temenos, it is understood, which...

Union Bank and global technology leader FIS announced a cooperative agreement to deliver a next-generation core banking platform to power the bank through its next iteration of digital offerings. Union Bank, a member of MUFG Americas Holdings, one of the...

Receipt Bank will use the funds to extend its product suite, and advance its expansion in Europe, Australia and North America. UK-based paperless bookkeeping platform provider Receipt Bank has secured a total of $73m (£55m) equity and debt investment...