InsureMO has entered an alliance with MoneyHero, aiming to bolster digital insurance coverage aggregation and comparability in larger South East Asia.
The collaboration integrates InsureMO’s middleware platform into MoneyHero’s ecosystem, permitting shoppers to find, evaluate and buy insurance coverage insurance policies tailor-made to their wants.
MoneyHero, which presents private finance and insurance coverage aggregation providers, operates throughout Singapore, Hong Kong SAR, the Taiwan area, the Philippines and Malaysia.
The partnership is anticipated to bolster MoneyHero’s place as a digital insurance coverage aggregator within the area.
InsureMO’s platform is designed to help companies in creating, connecting and innovating throughout the insurance coverage and safety product area.
The insurtech firm processes greater than $25bn in gross written premiums yearly by means of its cloud platform.
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InsureMO CRO Rajat Sharma stated: “MoneyHero stands because the trusted beacon for shoppers navigating their private insurance coverage journeys in South East Asia. We’re thrilled to carry our InsureMO know-how to counterpoint the MoneyHero ecosystem and stay up for setting new benchmarks for the 3Vs (quantity, variation, and velocity) of digital enterprise throughout the globe.”
MoneyHero Group CEO Rohith Murthy stated: “Our technique, favouring ‘shopping for over constructing’ the cutting-edge know-how options to reinforce our platform, accelerates our market entry and organisational studying.
“This method has considerably contributed to the success of our end-to-end journeys. We’re not simply altering how insurance coverage is purchased and bought; we’re redefining the client expertise altogether.”
Final month, InsureMO shaped a partnership with software program firm Newgen.
The partnership mixed Newgen’s specialised underwriting and coverage administration options with InsureMO’s superior insurance coverage platform, promising end-to-end automation and AI-led underwriting.
In September 2023, Oona Insurance coverage partnered with InsureMO to drive digital transformation throughout the South East Asia insurance coverage sector.
