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January 16, 2019

Grab and ZhongAn to establish digital insurance distribution JV in SE Asia

ZhongAn Technologies International Group has partnered with Grab Holdings to form a joint venture (JV) aimed at creating a digital platform to distribute insurance products in Southeast Asia.

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The JV will create a digital insurance marketplace that will provide a number of insurance products at reduced premiums to users through the Grab mobile app.

ZhongAn Technologies, which operates as a subsidiary of China-based ZhongAn Online P&C Insurance, will provide the required backend technological assets to build the platform.

Additionally, the JV will team up with insurers to develop products which can be customised to meet the lifestyle needs of the Southeast Asians customers.

As part of the collaboration, Grab will roll out the digital insurance platform through its mobile app initially in Singapore in the first half of 2019. Subsequently, it will be launched in other markets.

Grab president Ming Maa said: “The launch of our insurance platform is part of our commitment to becoming the leading everyday superapp in the region.

“With over 130 million downloads in Southeast Asia and a presence across 336 cities, our deep understanding of consumer behaviour and needs uniquely allows us to deliver innovative insurance products that create value for our customers.”

Grab has also partnered with Chubb to provide a drivers’ insurance product to its driver-partners in Singapore to protect them from loss of income owing to illness or accident.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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