Lazada, an ecommerce platform in Southeast Asia, has formed a joint venture with insurance technology company Peak3.

This partnership aims to create a digital insurance ecosystem in the region.

Since its inception in August 2024, the venture has rolled out over a dozen insurance products across Singapore, Malaysia, Vietnam, Thailand, Indonesia, and the Philippines.

More than 5 million policies have been issued, averaging over 70,000 daily.

The collaboration uses Peak3’s SaaS insurance orchestration platform to integrate insurance services into Lazada’s ecommerce environment.

Available offerings include gadget protection, product liability, car, accident, and travel insurance, accessible through Lazada’s app and website for consumers.

Recent Lazada developments