Chubb Partners with U Mobile

Malaysian telecommunications company U Mobile has signed a collaboration agreement with Chubb Insurance Malaysia, to offer a range of general insurance products to both U Mobile and non-U Mobile customers.

The partnership – set to begin during the third quarter of 2019 – will make Chubb’s micro personal accident insurance as well as a range of travel and motor insurance products available via U Mobile’s soon to be launched e-wallet service GoPayz, allowing users to receive quotes, purchase and manage their policies through the GoPayz app and website.

“Digital Services is definitely a priority area for U Mobile as they enable people to reach their unlimited potential. In this instance, Chubb Insurance is the perfect general insurance partner, as they share our vision of enabling through innovation. When we roll out we will be offering a wide range of Chubb solutions like Micro Personal Accident Insurance with premiums that are as low as RM6, but if customers feel like they want more coverage, those will be available too. We will also be offering Micro Travel Insurance from Chubb and there will be a wide range of premiums to ensure that everybody’s requirements are met. To provide total ease, customers will be able to apply, purchase and manage their Chubb Insurance policies entirely via the GoPayz app or website.” – CEO of U Mobile, Wong Heang Tuck.

“We are honored and excited to collaborate with U Mobile to offer our general insurance solutions to their customers. At our core, both companies share similar commitment to service excellence; and with Chubb’s extensive product offerings coupled with U Mobile’s digital innovation, customers will be able to purchase relevant and affordable insurance solutions according to their purchase preferences. We aim to forge a close partnership with U Mobile to maximize value and deliver Chubb’s brand promise of excellence to all customers and stakeholders in Malaysia.” – Country President of Chubb Insurance Malaysia Berhad, Steve Crouch.

Bottom Line: U Mobile has a 14% market share and ~6m subscribers.