Posts Tagged ‘insurance’

MedTech: DocDoc TeleHealth Platform Raises US$13m Funding

Tuesday, August 6th, 2019

Singapore-based DocDoc which positions itself as “the world’s first patient intelligence company”, has today announced the close of an institutional capital raise of US$13 million, bringing the total funding the company has raised to date to US$24.6 million.

* This story first appeared in Haleness Me.

“We are excited to be moving from strength to strength with solid support from our investors and an ecosystem of exceptional partners. We believe in the potential of our patient intelligence platform to revolutionize and redefine the delivery of healthcare,” said Cole Sirucek, DocDoc Co-founder and CEO.

“We are excited to be moving from strength to strength with solid support from our investors and an ecosystem of exceptional partners. We believe in the potential of our patient intelligence platform to revolutionize and redefine the delivery of healthcare,” said Cole Sirucek, DocDoc Co-founder and CEO.

The financing was done on a convertible note and was led by Adamas Finance Asia Limited (ADAM), a London-listed investment company, alongside leading regional family offices, a fund managed by a global investment firm specialising in financial services and the Cyberport Macro Fund.

“Of course, we enable our partners to save money, boost engagement and delight their customers in measurable ways, but what is far more important is that we meaningfully help people. Real people with real problems. People who are uncertain or scared, people who know a lot or almost nothing about healthcare, and people who need a friend to help navigate an amazingly complex healthcare ecosystem. At DocDoc, we have created the solution we needed when we faced this situation. Our product is real as it comes from the purest of intention, the need for parents to protect their child. Our product is real as it is built by an uncompromising team who owns the importance of our mission,” commented Cole Sirucek, DocDoc Co-founder and CEO.

DocDoc’s AI-powered doctor discovery platform is reimagining the patient journey by building a patient-centric healthcare ecosystem that supports patients throughout the continuum of care and empowering them with readily digestible medical information to make well-informed healthcare decisions.

The proceeds raised will be used to support DocDoc’s market expansion and enhance its leading patient intelligence platform.

Founded in 2012, DocDoc is one of the earliest telemedicine platforms in Singapore.

Its current suite of product offerings includes doctor discovery, telemedicine, and cashless settlement.

Operating in eight countries, DocDoc boasts that it has built the largest network of doctors in Asia with over 23,000 doctors and 793 clinics and hospitals in its network.

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MedTech: MyDoc & Prudential Launches Telemedicine Partnership

Monday, August 5th, 2019

Prudential and MyDoc are launching online doctor consultations and telemedicine services to Asian consumers.

* This story first appeared in Haleness Me.

Singapore-based MyDoc, founded in 2012, is one of the earliest telemedicine providers in Singapore.

Singapore-based MyDoc, founded in 2012, is one of the earliest telemedicine providers in Singapore.

Prudential Corporation Asia (“Prudential”) today announced it will partner with telemedicine provider MyDoc to offer consumers access to value-added health services on their mobile phones, including doctor consultations, electronic prescriptions and electronic medical certificates.

“Prudential’s partnership with MyDoc is in line with our commitment to make healthcare affordable and accessible to all. MyDoc’s telemedicine services will be part of the full cycle of healthcare and wellness services on Pulse, from wellness tracking and symptom checking to online consultations and disease prevention. By combining revolutionary health technology and the convenience of telemedicine, MyDoc and Prudential are helping to empower consumers to take control of their health, anytime, anywhere. Prudential will continue to bring the best health and wellness services to Pulse, in tandem with our local and regional partners,” said Nic Nicandrou, Chief Executive of Prudential Corporation Asia.

Prudential is a leading life insurer and asset manager in Asia with over 15 million customers and £151 billion in assets under management.

Singapore-based MyDoc, founded in 2012, is one of the earliest telemedicine providers in Singapore.

MyDoc’s services will be integrated into Pulse by Prudential, the first app of its kind in the region offering holistic health management to users.

Pulse features self-help health and wellness tools, a symptom checker powered by Artificial Intelligence, and other value-added services.

The Pulse app will launch in 11 markets across Asia, and can be downloaded for free.

MyDoc offers patients a video consultation with a doctor through Pulse, as well as the option to book a face-to-face appointment.

Electronic prescriptions, medicine delivery, electronic medical certificates and online records will be offered in selected markets as an additional service.

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TVS Motor Singapore To Invest US$7m in Scienaptic Systems

Monday, July 22nd, 2019

The closing of the investment is subject to obtaining appropriate regulatory approvals.

TVS Motor (Singapore) Pte. Limited led this Series A funding in Scienaptic, an AI-powered decision platform.

TVS Motor (Singapore) Pte. Limited led this Series A funding in Scienaptic, an AI-powered decision platform.

TVS Motor (Singapore) Pte. Limited, a wholly-owned subsidiary of TVS Motor Company Limited, India, has signed definitive agreements to invest US$7 million in Scienaptic Systems Inc., a Delaware corporation, headquartered in New York City.

Scienaptic combines the latest big data technologies and proprietary machine learning and artificial intelligence algorithms on its decision platform, “Ether”.

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TOMI chatbot from Tokio Marine finds nearest panel clinic

Wednesday, February 21st, 2018

Tokio Marine Life Insurance Singapore Ltd. (TMLS) is introducing a new functionality to their TOMI chatbot – helping users find its nearest panel clinic in three steps.

Users previously had to refer to an online directory that listed all 539 network clinics.

Users previously had to refer to an online directory that listed all 539 network clinics.

The update will enable users to conveniently find suitable TMLS panel clinics within their designated search area.

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MSIG Asia boosts efficiency with SAP Solutions to better serve customers in Singapore and Indonesia

Thursday, October 23rd, 2014

Asia’s leading non-life insurer turns to SAP to streamline operations and advance in a fast changing regulatory environment.

At the SAP Media Summit in Singapore. From left to right: Scott Russell, Chief Operating Officer, SAP Asia Pacific Japan & Alan Wilson, Regional CEO, MSIG Asia talk about how Big Data is changing the Financial Services Industry. Photo: SAP.

At the SAP Media Summit in Singapore. From left to right: Scott Russell, Chief Operating Officer, SAP Asia Pacific Japan & Alan Wilson, Regional CEO, MSIG Asia talk about how Big Data is changing the Financial Services Industry. Photo provided by SAP.

Leading non-life insurer MSIG has chosen SAP Core Insurance Platform for its Singapore and Indonesia companies.

“To keep pace with the industry’s changing customer needs and the dynamic regulatory environment, we wanted a flexible and scalable solution to meet both our current and future needs,” said Alan Wilson, regional CEO, MSIG Asia.

Along with driving operational efficiencies, faster time-to-market and improved customer service, the SAP Core Insurance Platform will empower these MSIG operations with a single system that will better enable growth and support the innovations and flexibility required to meet the fast-changing business demands of today and tomorrow.

Currently, there are software solutions from two main providers within MSIG in Asia, each of which has in place its own variation on the main processes and supporting systems and have undergone custom development over time.

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Xchanging launches insurance & procurement offerings in Asia

Wednesday, March 20th, 2013

Xchanging is boosting its presence in Asia by launching Netsett, a global reinsurance and accounting net settlement service; and Vault, a technology-enabled procurement platform designed to manage sourcing project workflow.

Xchanging Asia Pacific has a headcount of 4,500 in 18 offices, servicing over 250 clients.

Xchanging Asia Pacific has a headcount of 4,500 in 18 offices, servicing over 250 clients.

Xchanging is introducing these two core offerings as part of its global services, as a result of its strategic commitment to grow its Asian capabilities.

Joe Poon, President of Xchanging Asia Pacific.

Joe Poon, President of Xchanging Asia Pacific.

These solutions are built upon the principles and benefits enjoyed by both the London insurance market and organisations using procurement to improve project workflow tracking respectively.

Netsett

Based on an existing service in the London insurance market, Netsett – a netting and settlement solution – was designed with the aim of improving the accounting and settlement of payments between participants in the global insurance and reinsurance community.

By simplifying the netting and settlement between entities, the platform allows insurance groups to reduce the amount of working capital needed whilst improving transparency and control.

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