MoneyHero has launched a new car insurance platform through a partnership with bolttech, leveraging its insurance exchange technology to enhance the consumer experience.
This upgraded platform, now live in Hong Kong, offers a more seamless process for car insurance buyers, featuring comprehensive comparison tools and accurate pricing.
MoneyHero plans to roll out the platform in Singapore by the end of 2024 and in the Philippines by early 2025.
With bolttech’s global network of over 230 insurers and 6,000 products, customers will have access to a wider range of options tailored to their needs.
Through this partnership, MoneyHero, known for its financial comparison services, is enhancing its car insurance platform by combining its expertise in comparing financial products with bolttech’s innovative insurance capabilities.
MoneyHero reported an 89% year-over-year growth in its insurance vertical for Q2 2024, contributing 11% to Group revenues.
The new platform is expected to boost this growth further.
Rohith Murthy, CEO of MoneyHero, said,
“By partnering with bolttech, we are not only elevating the user experience but also taking full ownership of the entire car insurance purchase journey—from comparison to conversion—within our ecosystem.
With bolttech’s expertise, we are offering an unmatched level of insight and simplicity that will reshape how consumers choose their car insurance.”
Philip Weiner, CEO – Asia & Middle East, bolttech said,
“We are thrilled to partner with MoneyHero to create an enhanced customer experience for car insurance across Southeast Asia.
By digitally integrating with our insurance exchange platform, we are empowering MoneyHero to offer a seamless and transparent user experience, giving customers greater control and clarity in their car insurance decisions.”
Featured image credit: Edited from Freepik
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.