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Carrot Insurance hires ex-Apple AI specialist as CTO

Carrot General Insurance, the nation’s largest digital insurer, said Monday it has hired Lee Jin-ho, a former Apple specialist in artificial intelligence and machine learning, as its new chief technology officer. "Incorporating my expertise and experience gained in Silicon Valley, I am committed to supporting Carrot General Insurance in its transformation into a data-driven platform business," Lee sai.

Kakao Pay Insurance launches first product

Kakao Pay Insurance officially launches its very first insurance plan this week, aiming to solidify its position as the country s representative fintech-led digital non-life insurer. It took six months for the digital insurer to come up with its first product, since the country s financial regulator, the Financial Services Commission (FSC), gave the green light to the firm to enter the insurance sector. It is the first case of a local IT platform giant advancing into the insurance industry.

Carrot General Insurance Raises US $250M in Third Funding; Valued at Over US $850M

Carrot General Insurance Raises US $250M in Third Funding; Valued at Over US $850M
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