Instasure

Insurance sector is often characterized as traditional and conservative with limited capacities for a profound transformation. However, Instasure believe digitally-enhanced services are no longer a nice-to-have and it’s a shift no industry can ignore. The sector of insurance shouldn’t be an exception. With the purpose of breaking the 0.4% insurance penetration barrier in Bangladesh, we built the first-ever ‘insurance-as-a-service' platform in Bangladesh capable of meeting the rapidly evolving needs of today's Gen Z. Better cover for less cost and fast claim processing using technology. If this wasn’t enough, Instasure is removing all excess on claims and allowing you to switch your cover off and back on with the push of a button. Instasure distributes insurance products through the ‘ecosystem partners’, and this ecosystem is vast. From ecommerce portals selling a multitude of products to travel sites selling air tickets and tour plans, and MFIs selling small-ticket loans, everyone is a part of the ecosystem for Instasure. We thus enables large insurance companies to reach out to ecosystem partners at zero marginal cost using its proprietary embedded insurance API suite. It allows the insurance companies to help assess the risk better, streamline partner and customer interaction, enhance claim settlement as well as make transactions smooth.