Igloo, Southeast Asia’s only full-stack AI insurtech company building the operating system for insurance, announced on Tuesday a strategic partnership with Chubb Life Insurance Vietnam Company Limited and PT Chubb Life Insurance Indonesia (jointly referred to as “Chubb Life”) to distribute insurance solutions across Vietnam and Indonesia through Ignite by Igloo, its insurance sales intermediary platform and network.
Through the partnership, Chubb Life’s portfolio of life, health and critical illness products will be distributed via Ignite, Igloo’s AI-powered platform for insurance agents. Agents in both markets will gain access to long-term life insurance, critical illness cover and health protection products, complementing the general insurance products currently distributed through the platform.
Igloo currently operates an agency network across both markets and works with more than 40 insurer partners and over 75 distribution partners across the region.
Sang Lee, President of Chubb Life Southeast Asia and New Zealand, and Country President of Chubb Life Vietnam said, “Vietnam and Indonesia are home to millions of families seeking greater financial security and access to quality health protection. By partnering with Igloo and leveraging the Ignite platform, we can deliver Chubb Life’s trusted life, health and critical illness solutions to people where and how they need them. This collaboration enables us to support customers at every stage of life, helping them protect what matters most and plan confidently for the future.”
Igloo CEO Raunak Mehta added, “By combining Chubb Life’s premium insurance solutions with Igloo’s technology and agency platform, we are enabling agents in Vietnam and Indonesia to offer life, health and critical illness coverage in ways that are convenient, affordable and relevant to their customers.”