discovermarket recognised as an industry leader in Insurance Business Asia 5-Star Insurance Innovators Awards

Leading embedded insurance platform discovermarket has been recognised for its innovation in shaping the future of the insurance industry, earning the prestigious 5-Star Insurance Innovators 2024 award from Insurance Business Asia. 

 

Now in its third iteration, the annual 5-Star Insurance Innovators Awards celebrate companies driving the insurance sector forward through the introduction of innovative technology or rolling out a groundbreaking product or implementation of distribution channel strategy. 

 

discovermarket’s recognition stems from its unwavering commitment to solving some of the industry’s biggest challenges. By embedding insurance into everyday products and services through trusted brands, discovermarket has tackled the low insurance penetration rates in Southeast Asia. This approach simplifies the purchasing process, enhances accessibility, and ensures end customers receive relevant protection. 

 

The one-stop shop model empowers discovermarket to deliver tailored insurance propositions with ultra-low transaction costs enabling trusted brands across the globe to multiple products and insurers across diverse geographies through a single integration. Through a vast network of brokers, insurers, and prevention providers, discovermarket has revolutionized affordability and accessibility, breaking down traditional cost barriers and unlocking new opportunities for insurance adoption in Southeast Asia. Focusing on delivering insurance when needed most, discovermarket seamlessly connects insurers, brokers, and service providers to create relevant and impactful insurance experiences. 

 

From cybercrime protection to personal accident coverage, discovermarket empowers trusted brands to seamlessly integrate insurance into their offerings, enabling millions of customers to access protection as part of their daily lives. With this award, discovermarket cements its position as a global Insurtech leader, recognised by the industry’s most esteemed accolades.