Aberdeen Standard Investments (ASI) has made a $13m minority investment in up-and-coming Asian digital life insurer Singapore Life.
The investment takes the group's strategic relationship with Singapore Life beyond purely managing its fiduciary assets, giving it a pivotal role in its long-term growth. The digitally-focused life insurance company based in Singapore, aims to use its scalable platform and first mover advantage to become the South East Asian region's leading digital life insurer. Martin Gilbert, co-chief executive of Aberdeen Standard Investments said: "As the asset management and insurance industries are in the midst of a digital transformation, technology innovation will become a key differentiator....
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