Income's SNACK launched lifestyle micro-insurance that builds protection into daily activities
RESULTS
Market-first Innovations
Pioneered the first financial lifestyle app with stackable micro-insurance.
110K+ Active Users
Built a growing community within the SNACK ecosystem, issuing millions of policies.
150+ Ecosystem Partners
Partnered with a diverse range of ecosystem partners, including banks and restaurants, to boost engagement through gamification.
New Market Segment
Unlocked a new demographic (avg. age 33), making protection more accessible to younger generations.
About Company
Income Insurance, a leading composite insurers in Singapore, offering life, health, and general insurance for more than 1.4 million customers. Its lifestyle-centric and data-driven approach to insurance and financial planning puts them at the forefront of innovative solutions that empower the people it serves, including underserved groups, with better financial well-being.
Region
Asia
Industry
Life, Health and P&C Insurance
Products/ Solutions Utilised
The Requirements
Content
The Solution
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The Impact
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The Requirements
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The Solution
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" In the world of insurance, this [young segment] is the most difficult segment to reach...The partnership [with Peak3] has brought us a highly scalable InsurTech platform that kickstarted our capabilities in working with ecosystem partners in Singapore. Our proof-of-concepts across AI, blockchain and automation technologies help us stay ahead of the curve in our industry. "
Peter Tay, Chief Digital Officer at Income Insurance
The Impact
Content