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Income Insurance moves beyond South-east Asia with Japan partnership

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Raphael Lim

Raphael Lim

Published Wed, Nov 2, 2022 · 06:32 PM
    • ReMark chief executive, Na Jia (second from left) and Income chief executive, Andrew Yeo (third from left) mark the Japan partnership in a signing ceremony at the Singapore Fintech Festival on Wednesday.
    • ReMark chief executive, Na Jia (second from left) and Income chief executive, Andrew Yeo (third from left) mark the Japan partnership in a signing ceremony at the Singapore Fintech Festival on Wednesday. PHOTO: INCOME

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    INCOME Insurance is moving further in its regionalisation push, with a new partnership in Japan marking its first foray out of South-east Asia and the company’s fifth overseas market in a year.

    The company announced on Wednesday (Nov 2) the launch of its micro-insurance franchise model on its Insurance-as-a-Service (IaaS) platform, HIVE by Income, and signed a partnership with ReMark during the Singapore Fintech Festival.

    ReMark – the digital solutions provider of global reinsurer Scor – is the first international partner to adopt Income’s micro-insurance franchise model, and it is targeting to offer lifestyle-based micro-insurance, SNACK, to Japanese consumers next year.

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