Wesurance to Launch With Support from Allied World
Think: a Hong Kong-based digital broker founded by Eddie Chang to offer travel insurance via a mobile platform, come December. Also, Allied World and TransUnion are partners. Three things to note. One. It will offer an AI powered virtual assistant named Amy to sell coverage, answer questions and handle claims.
Two. It incorporates eKYC and facial recognition technology for faster and easier user verification powered by TransUnion’s IDVision solution. This allows users to take a photo of their HKID card followed by a selfie to accurately verify a user’s identity.
Three. Wesurance promises a turnaround time of a “few days,” when a claim occurs. “Travel insurance policies are our first range of product. We plan to launch other insurance products on this platform at a later stage. We are confident that this mobile platform will transform the way consumers use insurance in Hong Kong” – Wesurance CEO Eddie Chang.
PS. Speaking of travel insurance, thinking of Kuala Lumpur-based new entrant FatBerry. Why? Because it also offers travel insurance. Also, because it has a new logo.