UK based InsurTech Expands in Asia

Inzura opens offices in Thailand and Singapore and hires high profile Business Development Director.

Inzura, the UK based InsurTech, has today announced that it is expanding its footprint in Asia, opening new offices in Thailand and Singapore. Inzura has already established a strong brand presence in the region with customers including Sompo Holdings, Asia Chubb, Syn Mun Kong and Muang Thai Insurance, one of the largest Thai motor insurers.

The expansion will enable Inzura to take advantage of the growing demand from Asian Insurers to embrace advances in technology and take a digital-first, data driven approach to insurance provision.

Since the start of 2019 Inzura has signed new memorandums of understanding (MOUs) with Thailand’s largest broker TQM, Malaysian start-up insurer Ouch! and Kuala Lumpur based Merimen. Building on this momentum the addition of a new office in Singapore, will serve as a vital hub for the company as it continues its expansion and establishes Inzura as the InsurTech solutions provider of choice in the region. Inzura is looking for dynamic Asian insurers and brokers who are looking to gain an edge by leveraging data, AI, engaging smartphone apps and telematics that improve efficiency and customer experience – all key areas where Inzura can help.

To assist in spearheading this growth, Inzura has appointed Nicholas Lee as its new Business Development Director for Asia, based in Singapore. Nicholas, a well-known veteran in the market with 20 years’ experience working with some of the biggest names in the Asian insurance markets, will work alongside Bundid Sujirapinyokul, Inzura’s Managing Director in Thailand. Nicholas has held numerous senior roles including Head of Broking at Sompo Insurance, Director at global health insurer Aetna Global Benefits, Senior Manager at AXA Insurance Singapore, and Assistant Vice President for Lockton Companies (Singapore).

Richard Jelbert Inzura CEO said: “Asia is emerging as a hub for InsurTech innovation. Regulators in the region are actively promoting digital innovation and consumer use of digital channels is growing rapidly. Inzura has for some time been a shining light on British InsurTech innovation in the region, but with strong investment behind us, a new office in Thailand and new regional hub in Singapore, we’ve a platform from which to capitalise further on demand for our products and services.

“Our mission is to help Asian insurers and brokers step into digital the right way, leveraging robotic process automation, AI and Machine Learning for data driven actionable insights that improve efficiency, pricing, and the customer experience. Our exciting white-labelled products include policy validation apps, app-based telematics, gamified driver engagement solutions and connected dashcams. We are excited by the potential offered by Asia’s dynamic and growing insurance market, and acceptance of a digital-first approach.”

For more information on Inzura, please contact:

Kelly Prior, Spotlight Consulting, at 07730572878

SJ Wrigley, Spotlight Consulting, at 07909546104

About Inzura is an InsurTech company that helps insurers and intermediaries quickly deploy advanced smartphone-centric digital insurance products to maximise user engagement and company profits. Inzura supports a one-app, multi-insurance-line approach to enhance existing insurance products, as well as a flexible on-demand engine for new insurance products and business models. The Inzura Digital Insurance Platform is a flexible product delivery engine and includes; white-label native apps for Android and iOS, operational infrastructure, app-based telematics / UBI, a digital media vault with photo recognition powered by advanced machine learning and AI.

Since its launch in December 2015 has rapidly made a name in the emerging digital transformation space with Analyst firm Ptolemus ranking Inzura at number 3 in Europe (UBI Technology Service Provider 2018), and Digital Bridge listing Inzura as a Key Market Competitor (top 25) in their report on digital Insurance Platform providers in 2019. Inzura continue to innovate and recently announced its integrated Telematics and Dash Cam solution via its partnership with MiTAC Digital Technology Corporation (MDT) of Taiwan, the world’s largest dash cam manufacturer.

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