V2Y Corporation Ltd. has announced that Oceanscape International plans to divest itself from its insurtech operations. This decision came during an extraordinary general meeting held in Singapore on December 29, 2025.
Oceanscape International’s move stems from ongoing financial losses within its insurtech business. The decision reflects a strategic shift for the company as it seeks to streamline its focus and resources on more profitable areas of operation.
The decision involves key stakeholders within V2Y Corporation Ltd. and Oceanscape International. While specific figures regarding the losses were not disclosed, company representatives indicated that this exit aligns with broader efforts to stabilize the overall financial performance of the corporation.
This strategic exit might influence various stakeholders. Investors could see this as a positive step toward enhancing the company’s focus on its core competencies. Employees within the insurtech division may face uncertainty as the company transitions away from this sector, while current and potential clients may need to adapt to a change in service offerings.
In summary, the decision by Oceanscape International to exit its loss-making insurtech business indicates a pivot towards greater financial stability for V2Y Corporation Ltd. While the full implications remain to be seen, this step highlights the ongoing challenges faced by companies in the insurtech space.
Original Source: https://www.tipranks.com/news/company-announcements/oceanscape-international-moves-to-exit-loss-making-insurtech-business