Thursday 15 August 2019

Slice Labs-SOMPO tie-up bringing on-demand insurance to Asia

KUALA LUMPUR, Aug 15 (Bernama) -- Slice Labs Inc announced today it has entered into a proof-of-value contract with Sompo Holdings Asia (SOMPO) to bring on-demand insurance to the fast-growing region of Asia.

SOMPO, regionally headquartered in Singapore, is part of Sompo Holdings, a top Japanese insurer.

Via the Slice Insurance Cloud Services (ICS) platform, insurers, technology companies and other service providers are able to build intelligent and intuitive, pay-as-you-go digital insurance products that protect the insured anytime and anywhere.

The companies plan to roll out various on-demand products across Asia throughout their partnership, with Slice opening an office in Singapore to support this and other initiatives in the region.

“The future of satisfying insurance customers in any country and product segment hinges upon the cooperation of insurers and insurtechs.

“SOMPO is a strong example of how this can work as they have helped our cloud technology quickly scale into another global region and ICS is helping them reimagine insurance customer experiences,” said Slice chief executive officer, Tim Attia, in a statement.

For details, visit https://slice.is and https://www.sompo-asia.com

-- BERNAMA

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