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Hong Kong’s first purely digital life insurance company will start selling policies in the city, looking to use its direct selling capability to offer lower prices in the crowded local market.
Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway.
Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow, looking to persuade London money managers to back its initial public offering.