Alternative Distribution

Brazil

BCR Corredora de Seguros launched a digital comparison tool for self-dispatched products. El financiero, March 5, 2021. (Text in Portuguese)
Customers can quote, compare, and buy different products from different insurance companies. The app is called Galieli and offers travel and accident insurance.

Canada

PolicyAdvisor.com launches Canada's first online platform for Children's Life Insurance. PR Newswire, January 14, 2021.
PolicyAdvisor.com has added Children's Life Insurance to its extensive suite of insurance offerings. The platform offers instant quotes and comparisons together with a digital buying process.

Philippines

Kwik.insure launches digital platform for insurance products. Peak Performance, March 31, 2021.
Kwik.insure offers 100 life and nonlife insurance products from 15 of the Philippines’ top insurance and healthcare providers, which are available on its online platform. Payment options include VISA and Mastercard credit and debit cards, over-the-counter channels, banking apps, and e-wallets.

South Africa

Fintech company BetterCompare.co.za launches Medical Aid price comparison service. Ventures Africa, February 2, 2021.
The medical aid page found on the Better Compare website contains a quoting engine that will instantly sort through more than 100 plans from up to six different medical schemes. The website will then show the plans, their unique features and benefits, and their monthly premiums.

United Arab Emirates

Emirates NBD enters long-term alliance with MetLife. Life Insurance International, February 17, 2021.
MetLife’s offerings include customizable protection and savings solutions covering life, accident, as well as health insurance. These solutions will be available through Emirates NBD.

AXA Green Crescent Insurance Company (GCIC) signs partnership agreement with Policybazaar. Zawya, January 13, 2021.
GCIC has formed a partnership with Policybazaar. Customers will be able to buy a term life insurance plan via the aggregator portal. The platform offers a fully digital process. The first product available via the platform will be Life Protect, followed by simple life and hospital cash products.

United Kingdom

Legal & General launches partnership with esure and Sheilas’ Wheels. Press release, March 30, 2021.
The partnership will see the esure and Sheilas’ Wheels brands introducing Legal & General’s life insurance products to their existing customers. The products will be available to purchase over the phone or online. As an incentive, Legal & General will be offering a £75 M&S or Amazon voucher to customers who purchase a policy.

United States

Teachers Life selects the Breathe Life platform as cornerstone of digital and brand transformation strategy. PR Newswire, March 16, 2021.
The Breathe Life platform will make it easier for customers of Teachers Life to research, shop for, and sign/execute new policies with the support of an adviser or independently.

SIMON welcomes Brighthouse Financial to Annuities Platform. Press release, March 1, 2021.
Brighthouse Financial is the latest carrier to join SIMON’s Marketplace. The collaboration provides a streamlined digital experience to financial professionals. It gives advisers the tools to easily navigate the annuities landscape in one centralized location.

Kasasa collaborates with Protective to offer flexible life insurance through Kasasa Care. Business Wire, February 25, 2021.
Kasasa banks and credit unions will be able to offer life insurance within Kasasa Care, an online marketplace and referral program. They will offer simplified issue term life insurance. The Protective Series Simplified Issue Passport term is a quick and easy way to apply for up to $250,000 in term life insurance.

Next by Pacific Life expands to life insurance. Coverager, February 4, 2021.
Next is now offering a term life product. The application can be submitted online but is followed by a phone call.

Vietnam

Vietnamese MB Ageas Life officially distributes insurance products through electronic platforms. Intellasia.net, January 21, 2021.
MB Ageas Life and Mbank signed a cooperation agreement to distribute an accident insurance product via MBank’s app.
A few simple steps on the app will enable customers to buy accident insurance. In 2021 The customer will receive a monetary gift to pay the first month of the policy. The total value of the gifts is up to 13.5 billion dongs.