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.”