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Press Release
AIFT and Richmond Join Forces to Drive Innovation in Digital Insurance
IXT, a leading core insurtech solution provider under AIFT, the global technology firm in the lead, announced a partnership with Richmond Insurance Brokers to launch the first digital platform for commercial insurance in Taiwan. This collaboration brings fresh momentum to the Taiwanese insurance market, offering small and medium-sized enterprises (SMEs) a more convenient and efficient way to access commercial insurance services. This groundbreaking initiative integrates commercial insurance products from several well-known insurers, including cybersecurity insurance from MSIG Mingtai Insurance, public liability insurance for businesses and property management committees from Hotai Insurance, and event liability insurance from Union Insurance. Through IXT’s Launchpad platform, traditional complex insurance processes can be digitized, significantly simplifying the quoting and policy issuance experience. Notably, the cybersecurity insurance offering from MSIG Mingtai Insurance is deeply integrated with Cymetrics, a cybersecurity risk assessment provider under AIFT. SMEs can submit their domain information to be scanned and analyzed by Cymetrics’ EASM cybersecurity risk platform, with premiums automatically calculated based on the domain’s risk ratings — creating a more risk-driven approach to cyber protection. Michelle Ip, CEO of AIFT Enterprise, commented:“Our goal is to fundamentally transform the insurance experience — including commercial insurance — through our innovative solutions. With the Launchpad platform, we’ve not only digitized cumbersome insurance processes, but also established a powerful policy management system and rapid product update mechanism. This enables SMEs to complete their insurance purchase and enjoy protection seamlessly.” Kevin Kuo, General Manager of Richmond Insurance Brokers, added: “Commercial insurance has long been one of...
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Press Release
Building the Future: Shin Kong Vietnam and PVI Partner for Digital Insurance Growth
From left to right: Tony Hsing, General Director, Shin Kong Vietnam Company Ltd.; James ChanConsultant, Phu My Hung Holdings; Min-Yi Huang, President, Shin Kong Life Insurance Co. Ltd.;Mark Wei, Chairman, Shin Kong Life Insurance Co. Ltd.; Michelle Ip, CEO, AIFT Enterprise; Bùi Văn Thành, Lawyer, Newsun Law Firm; Daniel Lin, General Manager, Chunghwa Telecom Vietnam and Kevin Chang, Chairman, Shin Kong Vietnam Company Ltd. Shin Kong Vietnam and PVI Insurance (PVI) held a formal opening ceremony today, marking the beginning of their strategic cooperation and the official launch of a new Compulsory Third Party Liability (CTPL) insurance platform. The grand opening ceremony brought together key stakeholders from across the insurance sector. Attendees included the Director General of the Vietnam Insurance Authority, representatives from Taiwan Financial Supervisory Commission, Chairman Wei from Shin Kong Life, PVI Insurance (PVI), Dai-Ichi Life, and AIFT, as well as representatives from strategic business partners, government agencies, and the media. Their presence highlighted the significance of this partnership for the future of Vietnam’s insurance sector. In the opening remark session, Chairman Wei of Shin Kong Life said: “This cooperation is a significant milestone for us in Vietnam,” “AIFT’s IXT core insurance platform has allowed us to digitize rapidly, and partnering with PVI ensures we deliver localized, customer-centric solutions.” For PVI, the partnership offers access to global best practices and advanced technology infrastructure, supporting its ongoing digital expansion ambitions through diverse distribution channels. For Shin Kong Vietnam, PVI provides invaluable market insights, capabilities to cooperate through technology, and...
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Press Release
AIFT and Shin Kong Life Forge Strategic Partnership to Enter Vietnam's Digital Insurance Landscape
From left to right: Mutzu Hong, Assistant Vice President of Shin Kong Life; Daniel Shou, Senior Vice President of Shin Kong Life; Michelle Ip, CEO of AIFT Enterprise; Mark Wei, Chairman of Shin Kong Life; and Frank Liao, Director of Partnership at AIFT AIFT and Shin Kong Life, under the leadership of Shin Kong Life Taiwan Chairman Mark Wei, are pleased to announce the signing of a strategic cooperation agreement today. This partnership signifies a joint commitment to transform Vietnam’s digital insurance market through AIFT’s IXT modern digital insurance capabilities alongside Shin Kong Vietnam Co., Ltd. (Shin Kong Vietnam) and their robust local distribution channels and operational expertise, hence, creating a pioneering hybrid insurance ecosystem. The collaboration began with AIFT’s involvement with the FinTech Space Taiwan, an initiative supported by the Taiwan Financial Regulatory Commission. Under the mentorship of Chairman Mark Wei, both parties have developed a strategic collaboration in entering Vietnam’s digital insurance space, initially targeting Taiwanese enterprises & individuals, with the aspiration to also meet the insurance needs of local Vietnamese and broader Southeast Asia in later phases. AIFT brings its cutting-edge digital insurance SaaS system, IXT, to the partnership. Featuring a modular architecture, open integration, and automated rule engine, IXT is designed to swiftly adapt to local market requirements by building insurance workflows, enhancing policy admin efficiency and customer experiences. The synergy between IXT’s digital-first functionalities and Shin Kong Vietnam’s market acumen will bring the vision of a seamless O2O (online-to-offline) digital insurance service model to life....