1. Startup

Insurance Companies Strategy to Tighten Distribution Channels by Collaborating with Startups

There are eight partnerships of startups and insurance companies in 2020

Last week, Home Credit announced collaboration with PT Asuransi Harta Aman Pratama to launch an insurtech product called "MyLifeCOVER" on the fintech platform. Users can now register, pay, and process claims through the Home Credit application.

Earlier this month, Grab has also announced PT PFI Mega Life Insurance as its partner. The collaboration is formed through the "Sobat Proteksi" feature on the superapp, making it easier for users to get insurance products for critical illness protection.

In 2020 we recorded a total eight launching of similar collaboration, between digital platforms and insurance companies - apart from platforms developed by startups that specifically work on insurtech businesses - including:

Platform DigitalPerusahaan Asuransi
DANAAXA Financial Indonesia, Mandiri AXA General Insurance
TravelokaFWD Life Indonesia
GrabAsuransi Simas Jiwa
Good DoctorAXA Financial Indonesia
JD.idAsuransi Jiwa Sequis Life
Modal RakyatAdira Insurance
OYOAsuransi Simas Insurtech
HalodocAvrist Assurance
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