Poni Insurtech and Global Care Launch Health Insurance Comparison Platform in Vietnam
Poni Insurtech, the international arm of Huize Holdings (NASDAQ: HUIZ), has announced the launch of a new health insurance comparison platform, GlobalCare.vn, in Vietnam through its subsidiary Global Care. The platform aims to offer Vietnamese consumers a transparent and user-friendly insurance shopping experience, positioning itself as a one-stop 'insurance supermarket'.
The launch marks a significant milestone in Poni Insurtech's ASEAN expansion strategy. GlobalCare.vn provides customers with an intuitive way to search and customize insurance packages, offering quick claims analysis and approval. It also benefits insurers by allowing easy product digitization and fast claim processing, while providing agents with tools to match customers with the right policies.
This initiative combines Poni Insurtech's advanced technology with Global Care's local market expertise, aiming to drive innovation and enhance the digital insurance experience in Vietnam.
Poni Insurtech, la filiale internazionale di Huize Holdings (NASDAQ: HUIZ), ha annunciato il lancio di una nuova piattaforma di comparazione delle assicurazioni sanitarie, GlobalCare.vn, in Vietnam attraverso la sua controllata Global Care. La piattaforma mira a offrire ai consumatori vietnamiti un'esperienza di acquisto di assicurazioni trasparente e user-friendly, posizionandosi come un 'supermercato assicurativo' a servizio completo.
Il lancio rappresenta una tappa significativa nella strategia di espansione ASEAN di Poni Insurtech. GlobalCare.vn offre ai clienti un modo intuitivo per cercare e personalizzare pacchetti assicurativi, fornendo un'analisi e approvazione rapida delle richieste di risarcimento. Beneficia anche le compagnie assicurative consentendo una facile digitalizzazione dei prodotti e un'rapida gestione dei sinistri, fornendo al contempo agli agenti strumenti per abbinare i clienti alle polizze adatte.
Questa iniziativa combina la tecnologia avanzata di Poni Insurtech con l'esperienza di mercato locale di Global Care, con l'obiettivo di stimolare l'innovazione e migliorare l'esperienza di assicurazione digitale in Vietnam.
Poni Insurtech, la rama internacional de Huize Holdings (NASDAQ: HUIZ), ha anunciado el lanzamiento de una nueva plataforma de comparación de seguros de salud, GlobalCare.vn, en Vietnam a través de su subsidiaria Global Care. La plataforma tiene como objetivo ofrecer a los consumidores vietnamitas una experiencia de compra de seguros transparente y fácil de usar, posicionándose como un 'supermercado de seguros' de una sola parada.
El lanzamiento marca un hito significativo en la estrategia de expansión de Poni Insurtech en ASEAN. GlobalCare.vn proporciona a los clientes una manera intuitiva de buscar y personalizar paquetes de seguros, ofreciendo análisis rápido de reclamos y aprobación. También beneficia a las aseguradoras al permitir una fácil digitalización de productos y procesamiento rápido de reclamos, mientras proporciona a los agentes herramientas para emparejar a los clientes con las pólizas adecuadas.
Esta iniciativa combina la avanzada tecnología de Poni Insurtech con la experiencia en el mercado local de Global Care, con el objetivo de impulsar la innovación y mejorar la experiencia de seguros digitales en Vietnam.
Poni Insurtech는 Huize Holdings (NASDAQ: HUIZ)의 국제 지사로, 자회사 Global Care를 통해 베트남에 새로운 건강 보험 비교 플랫폼인 GlobalCare.vn을 출시한다고 발표했습니다. 이 플랫폼은 베트남 소비자에게 투명하고 사용자 친화적인 보험 쇼핑 경험을 제공하는 것을 목표로 하며, '보험 슈퍼마켓'으로 자리 잡고 있습니다.
이번 출시는 Poni Insurtech의 ASEAN 확장 전략에서 중요한 이정표입니다. GlobalCare.vn은 고객에게 보험 상품을 쉽게 검색하고 맞춤화할 수 있는 직관적인 방법을 제공하며, 빠른 청구 분석 및 승인 서비스를 제공합니다. 또한 보험사들에게는 제품의 디지털화 및 신속한 청구 처리를 용이하게 하며, 에이전트에게는 고객과 적절한 보험 상품을 연결할 수 있는 도구를 제공합니다.
이 이니셔티브는 Poni Insurtech의 첨단 기술과 Global Care의 지역 시장 전문성을 결합하여 베트남의 디지털 보험 경험을 혁신하고 향상시키려는 목표를 가지고 있습니다.
Poni Insurtech, la branche internationale de Huize Holdings (NASDAQ: HUIZ), a annoncé le lancement d'une nouvelle plateforme de comparaison d'assurances santé, GlobalCare.vn, au Vietnam par le biais de sa filiale Global Care. La plateforme vise à offrir aux consommateurs vietnamiens une expérience d'achat d'assurances transparente et conviviale, se positionnant comme un 'supermarché d'assurances' tout-en-un.
Le lancement marque une étape importante dans la stratégie d'expansion de Poni Insurtech en ASEAN. GlobalCare.vn offre aux clients un moyen intuitif de rechercher et de personnaliser des forfaits d'assurance, permettant une analyse et une approbation rapides des demandes. Elle profite également aux assureurs en facilitant la numérisation des produits et le traitement rapide des sinistres, tout en fournissant aux agents des outils pour associer les clients aux bonnes polices.
Cette initiative combine la technologie avancée de Poni Insurtech avec l'expertise du marché local de Global Care, visant à stimuler l'innovation et à améliorer l'expérience d'assurance numérique au Vietnam.
Poni Insurtech, der internationale Arm von Huize Holdings (NASDAQ: HUIZ), hat den Start einer neuen Plattform für den Vergleich von Krankenversicherungen, GlobalCare.vn, in Vietnam über seine Tochtergesellschaft Global Care bekannt gegeben. Die Plattform hat zum Ziel, vietnamesischen Verbrauchern ein transparentes und benutzerfreundliches Einkaufserlebnis für Versicherungen zu bieten und sich als 'Versicherungssupermarkt' zu positionieren.
Der Start markiert einen bedeutenden Meilenstein in der ASEAN-Expansionsstrategie von Poni Insurtech. GlobalCare.vn bietet Kunden eine intuitive Möglichkeit zur Suche und Anpassung von Versicherungspaketen und ermöglicht eine schnelle Analyse und Genehmigung von Ansprüchen. Außerdem profitieren Versicherer von einer einfachen Produktdigitalisierung und schnellen Schadensbearbeitung, während Agenten Werkzeuge erhalten, um Kunden mit den richtigen Policen zu verbinden.
Diese Initiative kombiniert die fortschrittliche Technologie von Poni Insurtech mit der lokalen Marktexpertise von Global Care und hat das Ziel, Innovationen voranzutreiben und das digitale Versicherungserlebnis in Vietnam zu verbessern.
- Launch of GlobalCare.vn, a new health insurance comparison platform in Vietnam
- Expansion into the Vietnamese market, marking a milestone in ASEAN strategy
- Platform offers improved customer experience and operational efficiency for partners
- Combination of Poni Insurtech's technology with Global Care's local expertise
- None.
Insights
The launch of GlobalCare.vn in Vietnam represents a significant development in the digital transformation of the country's insurance market. This platform, backed by Huize Holdings' international arm Poni Insurtech, has the potential to disrupt traditional insurance distribution channels by offering a comprehensive comparison tool for health insurance products.
Key points to consider:
- Market Opportunity: Vietnam's insurance market is underpenetrated, with significant growth potential as the middle class expands and awareness of insurance products increases.
- Digital Innovation: The platform's focus on transparency and user-friendliness aligns with growing consumer preferences for digital solutions in financial services.
- Competitive Advantage: The combination of Poni Insurtech's technology and Global Care's local expertise could create a formidable competitive edge in the market.
- Scalability: Success in Vietnam could serve as a blueprint for further expansion in the ASEAN region, potentially driving long-term growth for Huize Holdings.
While promising, investors should monitor user adoption rates and regulatory responses to this new distribution model in Vietnam's insurance sector.
The launch of GlobalCare.vn showcases a strategic application of insurtech in an emerging market. This move by Huize Holdings, through its subsidiary Poni Insurtech, demonstrates the company's commitment to leveraging technology for market expansion.
Key technological aspects to note:
- Platform Integration: The ability to digitize insurance products quickly suggests a flexible and scalable tech infrastructure.
- User Experience: The emphasis on visual product comparisons and intuitive design is important for user adoption in a market transitioning to digital services.
- Operational Efficiency: Quick claims analysis and approval processes indicate advanced data processing capabilities, likely incorporating AI and machine learning.
- Ecosystem Development: The platform's support for insurers, agents and customers creates a comprehensive digital ecosystem, which could lead to network effects and increased platform stickiness.
This tech-driven approach positions Huize Holdings well in the competitive insurtech landscape, potentially opening doors for additional revenue streams through data analytics and partnerships.
HO CHI MINH CITY, Vietnam, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Poni Insurtech Pte. Ltd. (“Poni Insurtech” or the “Company”), the international arm of Asia’s leading insurance technology platform, Huize Holdings (NASDAQ: HUIZ), today announced that its Vietnam subsidiary, Global Care Consulting Joint Stock Company (“Global Care”), has unveiled its new health insurance comparison platform, “GlobalCare.vn” (https://globalcare.vn). The platform aims to offer Vietnamese consumers an improved, transparent, and user-friendly insurance shopping experience, effectively positioning itself as a one-stop “insurance supermarket.”
Mr. Ron Tam, CEO of Poni Insurtech, commented, “We are thrilled to announce our entry into Vietnam in collaboration with founder Niem and her experienced team, following our successful acquisition of Global Care and marking a significant milestone in our ASEAN expansion strategy. With the launch of GlobalCare.vn, we take an important step forward in our mission to deliver seamless, customer-focused digital insurance solutions in Vietnam. This is just the beginning—combining Poni Insurtech’s advanced technology with Global Care’s local market expertise, we are confident in our ability to drive continuous innovation, expand product offerings, and enhance the digital insurance experience for Vietnamese consumers.”
Mrs. Dinh Thi Ngoc Niem, CEO of Global Care, commented, “With Poni Insurtech as a major shareholder, we have a distinct advantage in this dynamic market. Their cutting-edge technology, financial strength, and extensive industry network will empower us to elevate our service quality and expand our market reach. The launch of GlobalCare.vn is our first joint initiative, designed to enhance customer choice, accessibility, and operational efficiency for our partners. We are well-positioned and confident that we will accelerate the digitalization of Vietnam’s insurance industry. We also extend our gratitude to VinaCapital Venture for their support in fostering this partnership and unlocking new growth opportunities.”
GlobalCare.vn: Transforming the Digital Insurance Experience
At the launch event, Global Care introduced GlobalCare.vn, an innovative, user-friendly platform that provides customers with a simple and intuitive way to search and customize insurance packages suited to their protection needs and financial capabilities. GlobalCare.vn offers quick and efficient claims analysis and approval, enhancing the overall customer journey by streamlining processes and reducing wait times.
The platform benefits insurers by allowing easy product digitization and fast claim processing, without requiring extensive technical support. For agents and collaborators, the platform provides tools to match customers with the right policies while creating new income opportunities.
While integrating insurance products into “e-commerce platforms” is not a novel concept, GlobalCare.vn sets itself apart as a dedicated, customer-first platform, offering direct visual product comparisons. This distinctive approach makes it a unique and invaluable asset in Vietnam’s rapidly evolving digital insurance landscape.
About Poni Insurtech
Poni Insurtech is the international brand of Huize (NASDAQ: HUIZ), Asia’s leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions. Headquartered in Singapore, Poni Insurtech is committed to building a pan-Asian digital insurance distribution platform. Featuring a presence in regional hubs including Singapore and Hong Kong, Poni Insurtech has made its debut in Vietnam in 2024, with plans to expand into other high-growth ASEAN markets such as Indonesia and Philippines. Through its consumer facing apps and cloud-based API solutions, Poni Insurtech provides consumers with simple, affordable, and customized insurance solutions, empowers insurers with quick and hassle-free digitalization solutions to efficiently reach mass affluent consumers, and creates new revenue opportunities for partnering e-commerce platforms, merchants, and independent collaborators and agents. Poni Insurtech aims to reshape the insurance landscape by driving greater efficiency, accessibility, and value across the entire ecosystem.
For more information, please visit http://ir.huize.com or follow us on social media via LinkedIn (https://www.linkedin.com/company/huize-holding-limited), Twitter (https://twitter.com/huizeholding) and Webull (https://www.webull.com/quote/nasdaq-huiz).
About Global Care
Established in 2017, Global Care pioneer in providing digital transformation platform solutions in the insurance industry in Vietnam. By leveraging technology Global Care contributes to promoting the digital technology revolution and changing the traditional insurance industry.
Through a multi-platform digital ecosystem, Global Care connects insurers, business partners, and collaborators with customers. Global Care has been teaming up with numerous leading insurers in Vietnam such as Bảo Việt, Bảo Minh, MIC, PTI, PVI, VNI. With the slogan “Best price, best service,” Global Care aims to use technology to distribute insurance to millions of Vietnamese. Currently, more than 1.5 million policies are issued monthly on Global Care’s platform.
For more information, please visit: https://globalcare.com.vn/ & https://globalcare.vn/
For investor and media inquiries, please contact:
Investor Relations
Kenny Lo
Investor Relations Manager
investor@huize.com
Media Relations
mediacenter@huize.com
Christensen
In China
Ms. Dee Wang
Phone: +86-10-5900-1548
Email: dee.wang@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
FAQ
What is GlobalCare.vn and how does it relate to Huize Holdings (HUIZ)?
How does GlobalCare.vn benefit consumers and insurers in Vietnam?
What makes GlobalCare.vn unique in Vietnam's digital insurance landscape?
How does the launch of GlobalCare.vn align with Huize Holdings' (HUIZ) expansion strategy?
