Igloo, a Singapore-based insurtech agency, has introduced new partnerships with Zalopay, Lotte Finance, FE Credit score, and digital insurer OPES to broaden insurance coverage entry in Vietnam, notably for underinsured communities.
These collaborations purpose to introduce tailor-made insurance coverage merchandise that cater to the particular wants of recent Vietnamese shoppers.
Via its partnership with Zalopay, Vietnam’s second-largest e-wallet community, Igloo will provide Cellphone Display screen Safety. This initiative leverages Zalopay’s in depth community, which incorporates over 14 million common customers and greater than 30,000 service provider companions.
Alongside Lotte Finance, Igloo is ready to launch two modern insurance coverage merchandise: Earnings Safety Insurance coverage and Automotive Bodily Injury Insurance coverage. These merchandise are designed to supply monetary safety in instances of job loss or financial hardship, permitting people to maintain their livelihoods.
Moreover, Igloo will collaborate with FE Credit score and OPES to supply Unintended and Liquid Injury insurance coverage, which will likely be out there by FE Credit score’s broad community of over 21,000 factors of sale. This insurance coverage will likely be built-in into cell phone installment plans to cowl repairs or replacements as a consequence of unintended injury.
The corporate has already established partnerships with over 75 firms in eight nations and presents a various vary of over 15 insurance coverage merchandise.
Raunak Mehta
Raunak Mehta, Co-Founder and CEO of Igloo mentioned,
“At Igloo, our mission is to revolutionise the insurance coverage trade by making microinsurance extra broadly out there.
By partnering with main gamers in nations like Vietnam, we’re in a position to attain a wider viewers and ship modern merchandise tailor-made to rising dangers. The brand new partnerships assist us additional this objective of ‘Insurance coverage for All’.”
