Malaysia-based myTukar, a pre-owned automotive buying and promoting platform, has teamed up with Insurtech firm PolicyStreet.com with a purpose to present insurance coverage insurance policies for pre-owned car purchases.
By way of the partnership, myTukar’s wholesale and retail shoppers might get well timed insurance coverage quotations together with handy entry to many of the established insurance coverage companies suppliers by way of its platform. The companies help new automotive insurance coverage and renewals as properly.
myTukar is now the official accomplice of PolicyStreet.com and can be one of many first on-line car retailers to supply insurance coverage protection from a number of completely different corporations.
A number of the insurance coverage suppliers which have onboarded with myTukar by way of PolicyStreet reportedly embody Allianz Normal Insurance coverage Firm, AXA Affin Normal Insurance coverage, Berjaya Sompo Insurance coverage, Pacific and Orient Insurance coverage Co., RHB Insurance coverage, Syarikat Tafakul Malaysia Am, amongst a number of others.
Fong Hon Sum, CEO at myTukar, acknowledged:
“We’re extraordinarily happy to have discovered a like-minded accomplice to collaborate with us in our quest to spearhead the transformation of the pre-owned automotive business. PolicyStreet.com was born out of a necessity for change within the conventional century-old insurance coverage business, and goals to democratise insurance coverage by making it Easy, Straightforward and Inexpensive – which could be very a lot in keeping with myTukar’s mission of constructing pre-owned automotive shopping for and promoting easy, handy, environment friendly and clear.”
Yen Ming Lee, CEO at PolicyStreet.com, remarked:
“We’re excited to be partnering with myTukar to ship the transformation that myTukar is on the lookout for in enabling seamless motor insurance coverage buy for all of myTukar’s prospects. We do that by making insurance coverage easy, simple and inexpensive.”
Polisea Pte. Ltd. is the holding firm of PolicyStreet, an insurance coverage tech firm, advancing insurance coverage and healthcare by way of progressive applied sciences.
The corporate says its purpose is to “empower folks to be sufficiently coated by insurance coverage insurance policies by making them easy, simple and accessible to folks from all walks of life.”
The agency’s administration notes:
“PolicyStreet goals to democratize the insurance coverage business by making insurance coverage horny, enjoyable and interesting to the millennials of as we speak. We curate new merchandise that matches the approach to life wants as a result of we consider current merchandise are simply not sufficient. We work in an inclusive ecosystem the place we allow prospects to purchase the insurance policies direct from us while guaranteeing the best-in-class service ranges.”
