Berjaya Sompo, iMotorbike tie up to offer digital insurance solution

by S BIRRUNTHA

BERJAYA Sompo Insurance Bhd has announced its partnership with iMotorbike.com to provide users with a fast, secure and a simple way to renew motorcycle insurance online.

This initiative leverages on both Berjaya Sompo and iMotorbike’s digital capabilities to offer more than 1.2 million potential customers an end-to-end digital insurance solution.

Under the partnership, the public can renew their motorcycle insurance in less than two minutes through their website, as well as receive an instant quotation for motorcycle up to 1,000cc.

Additionally, consumers are also entitled to a 10% rebate when they renew their insurance online.

In a statement, Berjaya Sompo CEO Tan Sek Kee said this partnership will further expand Berjaya Sompo’s reach in the motorcycle industry.

“In 2018, Berjaya Sompo issued close to 78,000 policies and the domestic market for motorcycles grew 8.5% from the previous year with a total of 471,782 units sold.

“This shows that there is a huge opportunity for us to grow in the motorcycle insurance segment,” he said.

Tan added that they noticed more customers going online to purchase and renew their motor insurance, which has led them to continue to look for strategic partners to expand their digital distribution channels, so that consumers have access to the information and renew their insurance online.

Berjaya Sompo deputy CEO Futoshi Hanahara said iMotorbike shares the same purpose with them, which is to provide a fast, secure and simple online experience for consumers.

“The idea of having a right digital partner is to have a seamless journey for a customer from online to offline and we believe that this synergy will help us to achieve our aim to be in the top five general insurers in Malaysia,” he said.

Meanwhile, iMotorbike CEO Gil Carmo said the company is excited to partner Berjaya Sompo to offer insurance coverage to their motorcycle customers.

“As a one-stop solution provider for avid motorcyclists, the company aims to provide their customers with the best products and services such as financing and insurance.

“We believe that this partnership will further offer our customers the best experience through a complete and efficient online ecosystem for motorcycle users, lovers and professionals,” Carmo said.

Under Berjaya Sompo’s comprehensive motorcycle insurance plan, the coverage offers protection against financial loss due to fire, explosion, lightning, burglary, housebreaking or theft and accidental damage to the insured’s vehicle, in addition to the protection against the legal liabilities to third party for death and bodily injury and damage to property that may arise through the negligence of the rider.

Consumers may also opt for new additional benefits such as legal liability to the pillion, the inclusion of special perils and motorcyclist personal accident add-on by paying an additional premium.