Symbo is now in advanced discussions with insurers in Singapore to launch niche products including marathon insurance and fitness insurance.INSURTECH startup Symbo Platform Holdings has obtained an insurance brokerage licence to bring its digital insurance platform to Singapore consumers, the company toldSymbo's platform allows retail and corporate customers to purchase general life and insurance products.
Venture firm Insignia Ventures and Dymon Asia Ventures, which invest in early-stage tech companies, have also invested in Symbo. The startup declined to reveal the amount of funding it has received from its backers.Symbo is now in"advanced discussions" with insurers in Singapore to launch products including marathon insurance, fitness insurance, spectacle insurance and female-centric policies such as for breast and cervical cancer, Mr Jhunjhunwala said.
The startup next plans to expand to Indonesia, Malaysia and broader South-east Asia. To drive this, it has appointed as its international head and Singapore CEO Laurens Koppelaar, former head of market management for South-east Asia at Allianz Global Corporate and Specialty, where he led the regional strategy for non-life insurance products.
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