[ad_1]
Roojai Group, an on-line insurance coverage firm based mostly in Thailand, has acquired Indonesian on-line insurance coverage dealer Lifepal.
Launched in 2019, Lifepal allows clients to ‘examine, save, declare’ their insurance coverage merchandise.
The corporate has attributed its development to the founders’ expertise in on-line distribution.
Over the previous 12 months, Lifepal has been searching for a brand new investor with in-depth insurance coverage data, and Roojai Group emerged as the appropriate associate, said the Thai insurtech firm.
Monetary particulars concerning the transaction weren’t disclosed.
The acquisition will mix Roojai’s technological experience with Lifepal’s on-line distribution presence in Indonesia.
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nevertheless, we wish you to take advantage of
helpful
resolution for your online business, so we provide a free pattern you could obtain by
submitting the under kind
By GlobalData
As a part of the transaction, Lifepal will enable Roojai to entry its on-line distribution channel in Indonesia, whereas Roojai will present its proprietary pricing and underwriting know-how to assist improve Lifepal’s efficiency.
The strategic transfer will enable each corporations to broaden their product choices in addition to their on-line and offline distribution networks throughout Indonesia and in different broader areas, Roojai Group famous.
Moreover, the most recent deal is projected to profit Lifepal’s insurance coverage companions, who will achieve entry to Roojai’s experience in digitalising insurance coverage processes together with declare help, automotive inspection and portfolio sustainability methods.
Lifepal will retain its operational independence inside Roojai Indonesia and proceed to supply on-line comparability providers for automotive and medical health insurance.
Based on Roojai Group, the mixed experience of each the businesses will complement one another and additional bolster their current market share considerably.
Established in 2016, Roojai Group at present consists of Roojai Thailand, a digital insurance coverage firm, and MrKumka, a web-based insurance coverage comparability platform.
The group’s portfolio additionally consists of Roojai Indonesia, which was launched in 2022 to copy Roojai’s aggressive merchandise and buyer expertise for Indonesian shoppers.
In July 2023, Roojai sealed a deal to amass FWD Common Insurance coverage Public Firm from Bolttech.
[ad_2]
