Insurance Companies Strategy to Tighten Distribution Channels by Collaborating with Startups
There are eight partnerships of startups and insurance companies in 2020
Last week, Home Credit announced collaboration with PT Asuransi Harta Aman Pratama to launch an insurtech product called "MyLifeCOVER" on the fintech platform. Users can now register, pay, and process claims through the Home Credit application.
Earlier this month, Grab has also announced PT PFI Mega Life Insurance as its partner. The collaboration is formed through the "Sobat Proteksi" feature on the superapp, making it easier for users to get insurance products for critical illness protection.
In 2020 we recorded a total of eight launching of similar collaboration, between digital platforms and insurance companies - apart from platforms developed by startups that specifically work on insurtech businesses - including:
Digital Platforms | Insurance company |
DANA | AXA Financial Indonesia, Mandiri AXA General Insurance |
Traveloka | FWD Life Indonesia |
Grab | Simas Life Insurance |
Good Doctor | AXA Financial Indonesia |
JD.id | Life Insurance Sequis Life |
People's Capital | Adira Insurance |
Oyo | Simas Insurtech Insurance |
Halodoc | Avrist Assurance |
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