It aims to launch in Indonesia, Malaysia and Southeast Asia. Regional all lines insurance business Symbo Platform Holdings is launching its proprietary digital insurance platform to retail and corporate customers in Singapore after it managed to obtain an insurance brokerage license, Also read: Insurtech challenges Singapore's largest insurance firms Through the platform, consumers can purchase and administer general and life insurance products across personal and commercial insurance lines. Symbo plans to expand to Indonesia, Malaysia and the broader Southeast Asian region. To facilitate the company’s growth plans, Symbo has appointed former market management head for Southeast Asia at Allianz Laurens Koppelaar as Head of International, and former director of MetLife Innovation Centre Singapore Subhajit Mandal as Head of Product. “The launch of Symbo’s online insurance broking business in Singapore is a major milestone for the company as we intend to participate in Singapore’s vibrant innovation ecosystem to expand across Southeast Asia,” the firm said in a statement.
Singaporean insurer Symbo has launched a digital broking platform for retail and corporate customers in the country. The platform will offer general and life insurance products across both personal and commercial insurance lines. Symbo is an all-lines insurer and plans to expand the platform for Indonesian, Malaysian and various other Southeast Asian customers.