IAG enlists Singapore central bank for InsurTech hub

IAG has unveiled plans to launch an InsurTech incubator in
Singapore in conjunction with central bank the Monetary Authority
of Singapore (MAS).
The vehicle will draw from a A$75mn ($57.8mn) venture fund the
Australian carrier established in December.
The hub will be called Firemark Labs and will back the
developers of new products and services in Asia and Australasia,
IAG said.
The carrier said its partnership with the MAS reflects the
central bank's push to promote innovation in the financial.