Berjaya Sompo Insurance has teamed up with iMotorbike, a motorbike online classified-ads web portal, to offer digital motorcycle insurance.
The collaboration will enable motorcycle riders to renew their motorcycle insurance online through iMotorbike’s website within minutes.
Users can avail a 10% discount when they renew their insurance online.
It is expected that the deal will enable Berjaya Sompo to reach out to more than 1.2 million potential customers.
Berjaya Sompo’s motorcycle insurance plan provides protection against financial loss due to fire, lightning, explosion, burglary, housebreaking or theft.
The insurance plans also offer coverage for accidental damage to the Insured’s vehicle along with the protection against the legal liabilities to third party for death and injury and damage to property.
Berjaya Sompo CEO Tan Sek Kee said that this partnership will further expand Berjaya Sompo’s reach in the motorcycle industry.
“In 2018, Berjaya Sompo issued close to 78,000 policies and the domestic market for motorcycles grew 8.5 per cent from the previous year with a total of 471,782 units sold. This shows that there is a huge opportunity for us to grow in the motorcycle insurance segment,” Sek Kee added.
“We also noticed that more customers are going online to purchase and renew their motor insurance. This is why we continue to look for strategic partners to expand our digital distribution channels to ensure that consumers have access to the information and renew their insurance online.”
iMotorbike.com CEO Gil Carmo said: “We believe that this partnership will further offer our customers the best experience through a complete and efficient online ecosystem for motorcycle users, lovers and professionals.”