Insurance Market’s parent company Insurance Market Group will sponsor a crowd sale of the tokens that will be used by participants on the platform. This includes manufacturers such as insurance companies, distributors such as brokers or aggregators and also customers. The platform will be primarily aimed at retail and SME insurance.
“We’re very pleased with the support that we are experiencing from all the stakeholders. It makes this a collaborative effort to create an equitable and accessible platform that brings benefits to all,” says Insurance Market CTO Nelius Strydom.
“As a fully direct and online platform, customers will enjoy a truly seamless digital journey; without the need to download, mail or even proof anything. With the new innovative products and technology, distributors can fully focus on the user experience and insurance companies can use the analytics for product optimisation and new product development. Customers will have full control over their data and can expect a marked reduction in the cost of insurance.”
Insurance Market and partners will operate out of Singapore but aim to make the eco system an international one with particular focus on the Asean region.
About Insurance Market
Insurance Market (IM) was founded in 2014 to bring a bit of Zen to the chaotic world of general insurance in Singapore. Licensed by the Monetary Authority of Singapore (MAS), IM are the first online insurance broker to serve customers by bridging the distribution gap with insurers.
To do so, Insurance Market provides every customer online with as much information as possible to make well-informed insurance choices based on price, service and policy conditions in an easy, simple and instant way.
For more information, please visit https://insurancemarket.sg/info/