Life insurance coverage agency FWD Group has struck a brand new distribution alliance with journey and leisure e-commerce platform Klook.
The tie-up will see FWD launch an built-in accident cowl insurance coverage, which will likely be provided by way of Klook’s web site and app.
Initially, the short-term accident cowl has been launched in Singapore. Later, FWD plans to make it out there in different international locations throughout Southeast Asia.
Clients can entry FWD’s providing, which is designed to supply protection in the course of the exercise, as an add-on through Klook’s platform.
FWD Group chief officer, group new enterprise fashions Terence Lim mentioned: “FWD is responding to satisfy and assist the wants of consumers with accident cowl insurance coverage that’s extra accessible, easy and reasonably priced, encouraging them to guard themselves whereas doing what they love.
“Klook supplies joyful experiences and adventures, and that is according to our model promise to ‘Have fun Residing’. This partnership demonstrates our dedication to grow to be a number one pan-Asian insurer by altering the best way individuals really feel about insurance coverage.”
Klook company improvement VP CS Soong mentioned: “We’re delighted to associate with FWD Group to launch this new insurance coverage product that may give our clients added flexibility and peace of thoughts.”
“On this new journey surroundings, clients are demanding elevated assurances and insurance coverage has been a pure development to that. Klook will proceed to handle each contact level of our clients’ journey from travel-related insurance coverage to experiences and extra.”
In Could this 12 months, billionaire Richar Li-backed FWD deferred its Hong Kong preliminary public providing owing to risky markets. The insurer, which is current in ten Asian markets, was seeking to rake in round $1bn by way of the IPO.