SG insurtech firm teams up with Pine Labs in Malaysia

Igloo, a Singapore-based insurtech firm,  announced that it has teamed up with Indian digital payments service provider Pine Labs in Malaysia.

Photo credit: Pine Labs

Through the partnership, Igloo can expand further into Malaysia while Pine Labs will offer shoppers mobile phone protection solutions under IglooCare Program, which offers repair and other services nationwide.

Igloo’s Mobile Phone 360 and Phone Screen Protection products are available on Pine Labs’ platform. The protection covers repair services and replacement costs worth up to 100% of the gadget’s retail price.

Pine Labs currently has over 246,000 merchants in 3,700 cities and towns across India and Malaysia.

Igloo has also appointed insurance veteran Amitabh Singh as country manager for Malaysia. Singh, whose nearly 20-year experience includes a stint at AIA Malaysia, will be at the helm of Igloo’s overall operations in the this market.

The company will also be hiring for key roles across sales and business development as well as operations and customer service in the country.

Igloo has established over 30 partnerships this year across diverse industries in Southeast Asia. In November, it strengthened its tie-up with Vietnamese delivery firm AhaMove by introducing three new products.

During the same month, Igloo teamed up with direct-to-consumer healthcare marketplace HD to provide health-related microinsurance products in Thailand via the HDmall platform.

In September, Igloo inked agreements with e-wallet platforms GCash in the Philippines and Dana in Indonesia to provide online shopping protection and phone screen protection, respectively.

In July, Igloo partnered with food delivery platform Foodpanda Singapore to roll out insurance products for gig economy workers.