NTUC Income and ZhongAn tie up to develop digital insurance products

They aim to roll out a lifestyle insurance product for the tourism sector by Q2.

Insurer NTUC Income and ZA Tech Global Limited have partnered to launch digital insurance products in Singapore.

ZA Tech is the business entity for overseas technological exports formed by Chinese internet-based insurer ZhongAn Online P&C Insurance

As part of the collaboration, Income will utilise ZhongAn’s technological know-how, to deliver a pipeline of digital insurance products tailored for modern lifestyle needs.

The strategic partnership will be introducing a lifestyle insurance product by Q2 2019 designed for the tourism sector in Singapore. The product aims to protect both residents and tourists in Singapore against contingent events when they visit specific tourist attractions.

“We can now test-bed digital innovation via ZhongAn’s technology platform without causing potential operational burden to the business and this allows us to pivot away from products that get less traction with customers and scale those that resonate better with speed,” said Peter Tay, Income’s chief operating officer.

Also Read

FWD Philippines targets gamer insurance gaps

Korean construction insurer maintains strong capital

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit