Not just a load of old cobblers

October 20, 2020 0 Comments

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Insurance start-up Qoala gets $13.5 million investment

October 19, 2020 0 Comments

first_img“Through this funding, we will invest further in technology, human resources and brand in support of our strategy to give the best service to customers, platform partners and insurance companies,” Qoala cofounder Tommy Martin wrote in a press statement.The Jakarta-based company intends to double its number of employees to 300 next year, Tommy said. After its first year of operations, Qoala handles 2 million policies per month, up from 7,000 policies in March 2019.Indonesia’s insurance industry has struggled to boost its penetration rate as it floats around low single digits for years at around 3 percent today, yet the growing Indonesian middle class presents as a big opportunity.“Looking at the rapid growth of the middle class, the need for insurance and financial planning will also increase. Therefore, we are certain [that,] through relevant innovation, the insurance sector in Indonesia can develop rapidly,” said Kenneth Li, managing partner of Centauri Fund.The middle class, which accounts for half of all household spending in the country, has booked average consumption growth at 12 percent annually since 2002, according to World Bank data.Qoala, which provides insurance coverage for tourism, fintech, retail and logistics, as well as employee healthcare, is currently cooperating with insurers providing COVID-19-related services for consumers and small and medium enterprises (SMEs) across Indonesia.The platform has partnered with digital platforms that range from Tokopedia and Shopee to Investree and Mitra Adi Perkasa (MAP) Group. It is supported by more than 20 insurance companies, including AXA Mandiri, Adira Insurance and Great Eastern.Topics : Qoala, an insurance technology start-up, has secured US$13.5 million in its first round of financing from major investors Sequoia India, Flourish Ventures and Mirae Asset Venture Investment.The Series-A investment round was led by Centauri Fund, a joint venture between South Korea’s Kookmin Bank and state-owned telecommunication giant Telkom Indonesia, Qoala announced Tuesday.Existing investors also participated, including Bank Central Asia’s Central Capital Ventura, MDI Ventures, Surge, MassMutual Ventures Southeast Asia and Seedplus. last_img read more

Eric Abidal and Oscar Grau follow in Doha to close Xavi

May 14, 2020 0 Comments

first_imgBarça has bet strongly on Xavi because, if he gets a no, he will have left Valverde in a very delicate position. League champion the first two years he has trained Barça, and with the possibility of being with Guardiola the only coach who wins the League in his first three years as a Barca coach, the club has decided to do without him. And if it can be now, the better. A surprising decision, marked only by specific moments and not by the regularity that recalls other times of football in which the media pressure resembled the pressure that is lived today in social networks.In 1992, Ramón Mendoza dismissed Radomir Antic from Madrid after being a winter champion. Antic Madrid was accused of not playing well. Since then, there has been no case in which a winter champion of a League with the pressure of the Spanish is dismissed after being a winter champion. But that’s the way things are at Barça. Eric Abidal, sports director of Barcelona, ​​and Oscar Grau, CEO of the Barca club, continue in Doha to try to close the signing of Xavi, which has an offer of two and a half seasons to become the coach of his life team , the Barca. This was confirmed by the RAC-1 station in information that consolidates all the inputs received in the last 48 hours.Barça already loves Xavi and for that he continues in Qatar. He will try to obtain the yes of the player and then, negotiate with Al Sadd the termination of the player. Al Sadd plays this afternoon match against Al Rayyanlast_img read more