Klook and ZA Tech are a first-of-its-kind partnership in the travel industry, and will include a full suite of travel related insurance products across multiple markets.
The joint venture will see the two companies integrate their operational and technical expertise, as well as marketing capabilities.
Starting with nine Klook Markets, the partnership will enable global consumers to seamlessly purchase digital travel insurance products.
Singapore, November 23, 2021 /PRNewswire/ – Klook, the world’s leading travel and leisure booking platform and ZA Tech Global Limited (“ZA Tech”), the technology venture founded by ZA International and supported by Softbank’s Vision Fund 1, today announced a joint venture (JV) of It will accelerate the availability and accessibility of travel-related insurance to consumers around the world.
The agreement will synergize Klook’s global presence and highly localized Go-to-market strategy, along with ZA Tech’s expertise in insurance innovation and technology know-how – ensuring global consumers have seamless access to a wide range of travel-related insurance policies at competitive rates. the prices.
With this joint venture, insurance companies will be able to partner with Klook to showcase their insurance products on one of the world’s leading travel and leisure platforms.
The agreement will see Klook work closely with insurance companies to design products that address consumers’ pain points in this new normal.
Klook will launch travel-related insurance products on its platform by the end of this year, with a focus on Asia Pacific Area.
– AXA and Chubb are the first insurance companies to share a core product line with Klook
ZA Tech will enable the Klook platform by exporting its proprietary solution – Fusion, to create a seamless digital experience for travelers and ecosystem partners.
Klook will leverage ZA Tech’s customer insights in different markets to enhance product innovation, customer engagement, and increase insurance penetration.
“The pandemic has changed the way we travel, with customers demanding increased security when they travel once cross-border travel resumes,” he said. CS Soong, Vice President of Corporate Development at Klook. “We are excited about this important partnership with ZA Tech, as it is the first time any travel player has rolled out a full suite of travel-related insurance across multiple markets. With this, we can further simplify customer travel the journey, enabling them to discover, book and purchase everything they need during their travels from travel-related insurance to experiences.”
“Travel is a journey to explore and we want to make every step for customers count with insurance protection. To that end, we are inspired to include insurance in customers’ travel experience by innovating insurance technology from ZA Tech and empowering the broader community to obtain insurance,” she said. Young Yang |, General Manager of ZA Tech Southeast Asia.
Yang added: “A thousand miles begins with a single step and we are honored to embark on an important journey with Klook, an enabler dedicated to enabling a better travel experience. By integrating ZA Tech’s cutting-edge solutions and Klook’s broad market coverage, we are confident in our ability to redefine the travel experience for customers by providing a product The right insurance in the right place in a hassle-free manner. More exciting developments to come.”
The ongoing Covid-19 pandemic is expected to boost demand for travel insurance once travel resumes. The global travel insurance market has been assessed $21.5 billion USD In 2020 it is now expected to reach the size 33.7 billion US dollars by 2027.
Founded in 2014, Klook is the world’s leading travel and leisure booking platform. Klook enables users around the world to discover and book the best experiences and services anywhere, anytime. It provides a seamless way for users to explore popular attractions, tours, local transportation, hotels, and unique experiences at home or around the world on Klook and the award-winning app (consecutive best award from Google Play and Apple App Store). Every day, users indulge in their love of wanderlust and spontaneity through more than 280,000 offers in over 500 destinations.
With offices in major cities around the world, Klook services are available in 14 languages, and support 41 currencies. Get inspired by Klook at www.klook.com, the company Articles or Klook.
Founded in May 2018 in a Hong KongZA Tech Global Limited (“ZA Tech”) is the technology venture founded by ZA International and supported by Softbank’s Vision Fund 1. It aims to redefine the insurance value chain and the Internet ecosystem through technology and meet the diverse demands of customers by offering them comprehensive and innovative digital solutions. .
ZA Tech leverages technology to reduce costs and increase efficiency, and leverages automation and intelligent business processes to improve financial inclusion and customer experience. In addition to the Singapore Asia Fintech Center, it has offices located in TokyoAnd Hong KongAnd ShanghaiAnd ShenzhenAnd DalianAnd Singapore And Dublin.
ZA International was founded in Hong Kong in a December 2017 By ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first and only online insurance technology company in China, to explore international business development, cooperation and investment opportunities in fintech and insurtech in overseas markets.