Surer and Etiqa launch fully customizable MDW insurance
Surer and Etiqa launch fully customizable MDW insurance | Insurance Business Asia
Insurance News
Surer and Etiqa launch fully customizable MDW insurance
Employment agencies can now easily find suitable insurance for clients
Insurance News
By
Jonalyn Cueto
Insurtech Surer has announced it has launched a fully customizable migrant domestic worker (MDW) insurance product in partnership with Etiqa Insurance called Go-Helper insurance.
With the new insurance, intermediaries would be able to customize insurance using a list of 12 coverages, including outpatient medical services, repatriation, and termination as well as traditional Chinese medical services.
Go-Helper insurance is the third product created through the partnership with Etiqa, following car and motorcycle insurance products. Intermediaries can also obtain quotes for these products digitally.
Surer recently announced it has signed a memorandum of understanding with the Association of Employment Agencies Singapore (AEAS) for employment agencies to find easier appropriate insurance plans for customers using a digital platform. The launch of the new MDW insurance product fortifies this commitment, the insurer said.
“Based on volume, MDW insurance is the top product transacted on Surer today. Having successfully integrated with Etiqa for their motor insurance products, we sought to strengthen our partnership by launching this MDW insurance product as we believe this will be a win-win for both companies that will ultimately benefit policyholders by supercharging the intermediaries who serve them with digital tools,” said Derren Teo, co-founder of Surer.
“We realized the huge role employment agencies play when recommending appropriate insurance plans to their customers. Combining Surer’s digital solutions to overcome manual processes with a fully customizable product like Go-Helper will further drive the impact that we bring to employment agencies and customers.”
Raymond Ong, CEO, Etiqa Insurance Singapore, welcomed the launch of Go-Helper.
“We are excited to extend our collaborative efforts with Surer through the launch of Go-Helper, which provides our intermediaries with the flexibility to create a fully customised insurance product for migrant domestic workers,” he said. “At Etiqa Insurance Singapore, we are excited about expanding and leveraging on our digital capabilities to make the insurance process easier for both our intermediaries and customers.”
Surer said their partnership with Etiqa will continue to bring in more products, including travel insurance.
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