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A good start in 2019 with FINTECH AWARDS 2018 in Insurance – Outstanding Insurance Mobile Application.
Thank you for the HKSAR government, Insurance Authority, Cyberport and ET Net Limited. It’s my honor to represent our team Wesurance to get this Award!

Linked-in Link: https://www.linkedin.com/feed/update/urn:li:activity:6508964499180097536/

6th Mar 2019

In the insurance industry, how to transform the unserved segment into high growth market?
By Wesurance’s platform!
#microinsurance #WeOo #DomesticHelpers #Wesurance #Fintect #insurtech #保險 #保險科技

No matter low-income, social class, or education should have the same right to be protected.
Wesurance has just launched our first Micro-insurance, a back-up plan for their kids expecting their parents’ return after many years of hard work outside their home countries. This is achieved by Wesurance’s technology platform.
#microinsurance #WeOo #DomesticHelpers #Wesurance #Fintect #insurtech #保險 #保險科技

Wesurance has just launched a Microinsurance to protect low-income group against risk. Domestic Helpers in Hong Kong where no insurers are providing this in the past decades. A roughly daily premium of less than US$ 0.3 for a protection amount up to US$ 20,000 for our first PA (Personal Accident Insurance) as their family’s backup plan when they weren’t around. We intend to extend our services to Philippine and Indonesia in the near future.
#microinsurance #WeOo #DomesticHelpers #Wesurance #Fintect #insurtech #保險 #保險科技

Auto Travel Insurance – Pay As You Go travel insurance. How does it work? Wesurance’s SENSE is a technology that senses your whereabouts with a multitude of sensors, making it precise and hassle-free, your travel insurance will be activated when you appeared at the departure area of the Airport. The system won’t be activated on those who drop off their friends.
Just similar to the Electronic Toll Collection (ETC) System which automatically charges motorists each time they pass through roads or tunnels.
#Wesurance #Fintect #insurtech #保險 #保險科技

Hong Kong-based insurance technology (insurtech) firm Wesurance has launched a new version of its mobile insurance app, developed jointly with Allied World Assurance Company and TransUnion.
The update comes seven months after the three companies linked up to release the first version of the app, which allows users to purchase insurance and lodge claims. The new version offers new features, such as allowing users to extend their coverage period in a matter of seconds, contact the emergency hotline via the IP network, authorise people under 18 to purchase insurance policies, and initiate and terminate travel insurance policies.

“The latest Wesurance app is designed to provide greater flexibilities for consumers when selecting their travel insurance on-the-go,” said Wesurance CEO Eddie Chang. “The penetration rate of the insurance market in Hong Kong is around 30%, which is relatively low when compared with nearby markets such as China and Japan which are at over 60%. This is mainly because many consumers find that the process of purchasing and claiming is complicated and the premiums are high. Our platform addresses these issues by enabling consumers to purchase, change the covered period, seek support, and make claims within a few minutes, which is perfect for our young digital generation.”

Wesurance has also launched eight new insurance policies, including a personal accident insurance plan for water sports and hiking; a “relaxed plan” that targets leisure travellers with affordable pricing; a “sweet plan” which allows two people to share the cost of the premium; an “executive plan” tailor-made for business travellers; and a “self-driving plan” that offers double compensation for accidents related to self-driving vehicles.

“We will continue to observe the market needs and work closely with Allied World Assurance Company to launch other general insurance products,” Chang added. “We are also exploring the use of advanced technologies such as blockchain to provide more innovative and customised services to our users. Our aim is to establish Wesurance as the preferred insurance brand for the next generation and launch the platform in other markets, helping to drive the development of insurtech around the region.”

#microinsurance #WeOo #DomesticHelpers #Wesurance #Fintect #insurtech #保險 #保險科技

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