by Fintech Information Vietnam
April 24, 2024
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, significantly 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 intensive community, which incorporates over 14 million common customers and greater than 30,000 service provider companions.
Alongside Lotte Finance, Igloo is about to launch two revolutionary insurance coverage merchandise: Earnings Safety Insurance coverage and Automotive Bodily Injury Insurance coverage. These merchandise are designed to offer monetary safety in occasions 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 shall be obtainable by way of FE Credit score’s broad community of over 21,000 factors of sale. This insurance coverage shall be built-in into cell phone installment plans to cowl repairs or replacements because of unintentional harm.
The corporate has already established partnerships with over 75 corporations in eight international locations and presents a various vary of over 15 insurance coverage merchandise.
Raunak Mehta, Co-Founder and CEO of Igloo stated,
“At Igloo, our mission is to revolutionise the insurance coverage business by making microinsurance extra broadly obtainable.
By partnering with main gamers in international locations like Vietnam, we’re capable of attain a wider viewers and ship revolutionary merchandise tailor-made to rising dangers. The brand new partnerships assist us additional this aim of ‘Insurance coverage for All’.”