SINGAPORE – Media OutReach Newswire – March 20, 2024 – Chubb, global insurance leader, and
Atom, one of Southeast Asia’s leading digital financial services platforms, today announced a regional partnership to help strengthen consumer protections across Southeast Asia. The partnership will see the two companies co-create a range of insurance products available to Atome customers in Singapore, Malaysia, the Philippines and Indonesia.
Ben Howell, Regional Consumer Head Asia Pacific, Chubb and Bernard Chan, Chief Operating Officer, Atome
The first insurance product, Bill Secure, is available in Singapore and will be rolled out in Malaysia later this month. Aimed at consumers using Buy Now, Pay Later services, Bill Secure covers up to five times the transaction amount of the purchase price in the event of permanent disability or accidental death. Claims settlement allows the insured or their next of kin to settle payment for the item purchased while the remaining balance goes to the insured or their estate.
Ben Howell, regional consumer manager for Asia Pacific at Chubb, said: “Chubb is committed to expanding consumer protection by digitally introducing relevant, convenient and affordable insurance solutions that protect consumers and their means. subsistence. With Atome, we are leveraging technology to enable individuals and their families in Southeast Asia to access essential protection, helping to close the protection gap in Southeast Asia.
Bernard Chan, Chief Operating Officer of Atome, said: “Atome started as a buy now, pay later and integrated financing platform. Today, we have become a digital financial services platform that also includes insurance, cards and loans in various markets. Whether it is integrated financing, or now integrated insurance, our goal is to empower our millions of users by offering them tailor-made products throughout their journey through the different stages of life, by leveraging our unique expertise in risk-managed credit and responsible financing. another example of our commitment to improving the overall financial well-being of our customers and our overall mission to increase digital and financial inclusion through technology.
Atome and Chubb will launch a second insurance product, Shopping Secure, in the second quarter of this year.
Hashtag: #Chubb
The issuer is solely responsible for the content of this announcement.
