Rey Assurance boosts cashless claims with AXA partnership

Rey will work with AXA to remove friction from its cashless claims platform.

Indonesia-based insurtech Rey Assurance has announced its partnership with AXA Life and Health Reinsurance Solutions  to jointly develop data-driven proprietary products offered through Rey’s subscription-based insurance memberships.

Rey plans to leverage global expertise in health, life, and critical illness insurance to create insurance products designed specifically for Rey’s managed care platform (telemedicine, pharmacy and medicine delivery), enhanced by preventative care provided via Rey’s comprehensive wellness ecosystem.

As part of the strategic agreement, AXA will support Rey’s innovative cashless claim platform. Rey’s new cashless claim model will enable its members to access healthcare at any offline providers of their choice, making the existing, restrictive provider network obsolete. In addition, the platform will eliminate the tedious admission and discharging process at all healthcare providers. By working together with AXA, Rey aims to make cashless claims a simple and seamless element of its end-to-end, digital insurance experience.

“Working closely with our partners at AXA enables Rey to recreate how health and life risks should be managed, and to provide new insurance products that have never been offered in Indonesia, with broader intelligence in risk and claims management to benefit our members,” Evan Tanotogono, Rey CEO and co-founder said.