Income Insurance moves beyond South-east Asia with Japan partnership

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.