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Thailand-based insurance broker gettgo has secured $ 6.7 million financing from its parent company, Muang Thai Group Holding Co, as it aims to reach a premium of $ 33.3 million over the next three years. .
The funding will be used for the development of gettgo’s platform and to further develop its distribution channel to now include online insurance under Muang Thai Group Holding, according to managing director Tanat Jakrawatana.
Gettgo, founded in 2018, is an online insurance comparison website that seeks to give consumers the opportunity to compare products for themselves before deciding to buy online.
Offers a selection of insurance online, including auto insurance, travel insurance, home insurance, and COVID insurance.
Last year gettgo launched a customizable online comparison platform for health and life insurance products, responding to the need for simplicity in an age where being “personalized” is everything.
“This online insurance platform is a game changer in the healthcare industry as it enables the comparison of medical insurance for individual purposes,” the company said.
Tanat also revealed the three-year plan to achieve the goal of $ 33.3 million in premium, which includes:
- Incorporation of new products and various insurance partners in the life and health insurance platform
- Launch development of the smartest health and life insurance platform by using Aggregator Data for product recommendations that are right for clients
with different needs and profiles. - Launch of another online insurance platform for insurance brokers to provide a crucial tool and reinforcement that can help and stand by each broker during the shift from selling insurance offline to selling online.
“Over the last 3 years gettgo has grown rapidly in all aspects, which is seen as a success as a goal. The number of website users has grown from thousands in the beginning to millions in a short time, ”added Tanat.
gettgo also noted that over the past year, Thais not only became more health conscious, but also paid attention to mitigating health risks through purchasing health insurance. – BusinessNewsAsia.com
