Regional insurtech Igloo is celebrating the one-year milestone of its intermediary platform, Ignite, with the unveiling of new branding, expanded product offerings, and new features.
Since its launch in early 2022, Ignite by Igloo has recruited over 22,000 agents in Vietnam and Indonesia and helped facilitate over 36,000 policies. The revamped Ignite has been upgraded from nine to 20 advanced features to heighten usability and boost productivity for intermediaries.
Agents in Vietnam and Indonesia can access over 30 plans across seven product categories in the platform. These include motor, personal accident, and property insurance. Some of Ignite’s new features include:
Ignite features over 10 insurers for its revamped platform, including MSIG, BSH, Sinarmas Insurance, and Tugu Insurance. Igloo has set a goal of launching Ignite in multiple markets by the end of 2023, with a goal of facilitating sales for 50,000 agents and a gross written premium (GWP) 50 times that of 2022.
Igloo co-founder and CEO Raunak Mehta said that the insurtech will continue to add more products across multiple insurers and provide features that make the entire agent experience a superlative one.
“Agents play a pivotal role in democratising insurance across Southeast Asia, as their human touch remains a potent force in insurance sales,” Mehta said. “Ignite’s new logo embodies our growth and commitment to action, and serves as a testament in bridging gaps within the insurance value chain towards the realisation of our mission of making insurance for all.”
Mehta also spoke to Insurance Business Asia a few months back about the insurtech’s recent efforts to bridge the insurance gap with the introduction of policies through convenience stores in Vietnam.
What are your thoughts on this story? Please feel free to share your comments below.
