Digital insurance firm Singapore Life raises $33M ahead of Southeast Asia expansion

Digital insurance firm Singapore Life has started 2019 with a bang after it raised $33 million across two investments as it eyes new market expansions in Southeast Asia. The company pulled in $20 million from NYSE-listed Aflac Investment on December 31, and added $13 million this week via an investment from Aberdeen Standard Investments, a Scotland-based asset management firm with 50 offices worldwide. Singapore Life was started in 2014 by Walter de Oude, who left HSBC after seven years in charge of its insurance business in Singapore.