It was mainly driven by Singlife’s merger with Aviva Singapore.
Despite ongoing macroeconomic and geopolitical uncertainties, Southeast Asia’s insurance technology (insurtech) sector saw a significant rise in deal value in 2023, reaching $2.35b from 27 deals. This marked a notable increase from $538m from 39 deals in 2022 and approached the 2020 high of $2.36b from 32 deals.
The majority of the sector’s 2020 deal value was driven by Singlife’s merger with Aviva Singapore, valued at over $2b.
According to EY and Singlife’s report “InsurTech Landscape in ASEAN – Key…
