Alternative Distribution

Argentina

"Insurance at touch", a new online service of Banco Patagonia. Biz Point, July 20, 2020. (Text in Spanish)
Argentine bank Banco Patagonia is introducing Seguros al Toque, a new online platform to sell insurance policies to the Argentine market. Seguros Sura is the main partner. Customers will be able to quote, contract, and consult their policies.

India

ICICI Prudential Life partners with NSDL Payments Bank to offer insurance. Coverager, September 17, 2020.
Under the agreement, ICICI Prudential Life will provide its protection and savings products to customers of NSDL Payments Bank. POS life insurance products are very easy to understand and can be purchased in a completely simple manner.

BSE Ebix Beta announces launch of life insurance on hi-tech platform. BusinessWorld, July 13, 2020.
BSE Ebix now has the ability to handle insurance sales across the three key insurance verticals of life, health, and auto insurance by using its omnichannel digital presence supplemented by the 'phygital' pan-India physical presence of BSE Ebix's thousands of point-of-sale persons.

Oman

Bima, the first Omani insurance aggregator. Atlas Magazine, August 12, 2020.
The platform provides personal accident insurance policies and can also host a large number of customers.

Nigeria

Allianz pairs with mobile app developer to distribute insurance plans. Middle East Insurance Review, August 31, 2020.
Allianz Nigeria Insurance is partnering with Get it Done Now (GIDN) Limited, developers of the GIDN platform, to provide insurance solutions to customers through a mobile app.

Pakistan

EFU Life expands partnership with Tez Financial Services. Press release, July 2020.
Tez Bima is its insurance vertical. The first product being launched is EFU’s Life Hospital Coverage Plan. The plan is available via its app and will provide a daily cash benefit if an injury or illness results in hospitalization for more than 24 hours.

Singapore

Lazada offers FWD Insurance products. Business Mirror, July 29, 2020.
FWD Life Insurance has launched its own retail space on Lazada, making its products readily available to consumers. KanDΓΌΓΌ is P1,799 a year, and customers up to age 55 are entitled to life, critical illness, or accident and terrorism insurance coverage with added compensation. KanMend provides a benefit of P100,000 in case the insured is diagnosed with any of the 42 covered critical illnesses. KanLive is a life insurance policy that entitles the beneficiaries to an amount of P200,000 in case of the policyowner’s death.

Singlife to roll out life insurance products on GCash platform. Life Insurance International, July 14, 2020.
Singlife Singapore has partnered with the GCash e-wallet platform to offer its insurance products. Customers will now be able to purchase life insurance plans through GCash.

United Kingdom

Legal & General agrees to annuity partnership with PensionBee. Press release, August 3, 2020.
PensionBee customers will be directed to Legal and General for a quote or further information on an annuity purchase. Legal and General also offer customers access to AnnuityReady, a market annuity comparison service.

HTK Launches the Envestnet Insurance Exchange. PR Newswire, July 21, 2020.
The Envestnet Insurance Exchange is a platform delivering access to reputable insurance carriers and their annuity products alongside traditional managed account investments. The platform allows HTK financial professionals registered as investment adviser representatives (IARs) to now incorporate annuity solutions as part of their investment advisory (fee-based) business.

Cavendish Online rolls out comparison service for over-50s . Cover, July 1, 2020.
The comparison service gives access to a panel of over-50s providers, including Royal London, OneFamily, and Shepherds Friendly. It allows customers to get quotes, and compare and buy policies online. These policies are available to residents between the ages of 50 and 80 years.

United States

Sibi Health launches in Philadelphia, bringing convenience and transparency to healthcare payment by democratizing access. Send2Press, July 10, 2020.
Sibi Health is an online marketplace for healthcare services. Sibi’s platform allows individuals to find local quality doctors, see up-front transparent prices, book and pay all in one place with a few clicks. The service is geared towards self-employed professionals, gig-economy workers, and small businesses with limited health insurance.