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Kuala Lumpur, 1 July 2022 – Qoala Malaysia grows its list of insurance partners with the onboarding of Lonpac Insurance Bhd. Lonpac Insurance is the latest insurer to join Qoala Malaysia in providing the public with protection on car insurance.
“We are excited to have Lonpac Insurance with us in empowering and enabling the Malaysian public on their insurance journey. Customers will now have a greater option in choosing products that best fits their needs, strengthening Qoala as a convenient, transparent and affordable insurance marketplace”, said Akash Sharma, Head of Qoala App.
“Our partnership with Qoala is a strategic move in meeting the needs and desires of our customers through Qoala’s e-commerce platform. We believe this partnership will also help us to tap into new markets and diversify our revenue stream”, said Ernie Bak, Head of Digital Business, Lonpac Insurance.
Qoala Malaysia has also seen strong growth in the last six months, reflected through its product offerings expansion and the number of insurance partners onboarded, resulting in a 3-fold increase in sales.
To date, Qoala Malaysia has six insurance partners covering motor, property, personal accidents and travel. Among them are AXA Affin General Insurance (is now known as Generali Malaysia), Etiqa General Insurance & Takaful, Lonpac Insurance, Takaful IKHLAS, Tune Protect and Zurich General Insurance & Takaful.
About Qoala
Qoala is a startup in the field of insurance technology (insurtech) with a mission to democratize insurance through a combination of new product development supported by machine learning-based claim processes. Qoala operates in three countries; Indonesia, Malaysia, and Thailand offering various insurance protections ranging from motor vehicles, property, personal accidents, and travel that can be accessed quickly, easily and transparently through the Qoala application or website.
Media Contact
Jeremy JEESANDARAN | PR Associate, Qoala Malaysia | [email protected] | +6016 312 7360
