Global Care held a ceremony on Wednesday to announce that Poni Insurtech had become a strategic shareholder by acquiring a significant stake in the company.

Concurrently, the company launched a health insurance comparison platform, likened to an ‘insurance supermarket’ for customers.

Global Care is a leading insurtech company in Vietnam. Through its multi-platform digital ecosystem, Global Care connects insurers, corporate partners, and collaborators with customers.

The  company is currently cooperating with most leading insurance companies to provide customers with digital insurance products that meet their needs quickly, conveniently, and transparently.

The enterprise now owns sales platforms with a large number of users, with more than 1.5 million policies issued monthly.

In 2023, Global Care facilitated 13.5 million policies on its platform with revenue more than quadrupling year over year.

Poni Insurtech is an insurtech platform headquartered in Singapore. 

By leveraging AI, data analytics, and digital capabilities, Poni Insurtech empowers the insurance service chain with proprietary technology-enabled solutions for insurance consultation, customer engagement, marketing, risk management, and claims service.

The resonance of technological strength and abundant potential between the two companies promises exciting developments.

The strategic shareholder's support in terms of financial capacity, experience, and international management standards will empower Global Care to continue creating new values ​​for customers and partners.

"The acquisition marks a significant milestone for Global Care,” said Dinh Thi Ngoc Niem, CEO of Global Care.

“Poni Insurtech becoming a major shareholder will give us a unique and significant edge in this exciting market.

“Being empowered with technology, financial capabilities, networks in the industry, and extensive experience will help us enhance service quality as well as expand our reach.

“Most importantly, the two companies share a common mission and vision, and together we are poised to create strategic value for our partners, customers, stakeholders, and further accelerate the digitalization of Vietnam’s insurance industry.

“In particular, we also greatly appreciate the companionship that investor VinaCapital Venture has given to Global Care during the past time, as well as connecting and opening up opportunities for Global Care to cooperate with Poni Insurtech. ”

The acquisition marks the first step in the global expansion of Poni Insurtech starting with ASEAN, reflecting their confidence in the long-term growth potential of the Vietnamese insurance technology market.

CEO of Poni Insurtech Ron Tam expressed enthusiasm about entering Vietnam through this investment: "We are delighted to be entering Vietnam via a strategic investment in Global Care with founder Niem and her experienced team firmly establishing the company as a trailblazer in the delivery of innovative digital insurance solutions for the Vietnamese insurance industry.

“This acquisition is expected to generate significant synergies that will drive market share growth for Global Care by accelerating new product development through leveraging Huize’s technology stack and AI solutions, as well as existing partnerships with leading global insurance brands.”

Currently, Global Care and Poni Insurtech are actively developing innovative digital insurance products and technology platforms to meet the diverse needs of customers  promptly.

At the event, Global Care also launched the Insurance Comparison Platform - GlobalCare.vn, which allows customers to choose suitable insurance products quickly and helps insurance companies digitize their products without a technology team.

More importantly, it aims to help the insurance industry create additional useful products that meet future user needs.

By simply accessing the website https://globalcare.vn, customers can easily, intuitively, and quickly search for and customize an insurance package that suits their protection needs and financial capabilities.

For insurers, simply logging into the platform allows them to digitize their products as easily as drafting a Word document.

This model also focuses on enhancing the customer experience throughout the digital insurance journey by integrating AI technology for online claim analysis and approval, supporting quick and accurate claim approvals.

This platform not only offers benefits to customers but is also a practical tool for insurance agents in the market. Through it, insurance agents or Global Care collaborators can easily find suitable insurance packages for customers and earn attractive income.

In the digital era, offering insurance products on e-commerce platforms is nothing new. However, a specialized platform like Global Care, which allows customers to visually compare insurance products, stands out as unique.

Established in 2017, Global Care Consulting Joint Stock Company (“Global Care”) is a leading insurtech company in Vietnam that pioneers in providing digital transformation platform solutions in the insurance industry.

By leveraging technology, Global Care contributes to promoting the digital technology revolution and changing the traditional insurance industry.

Through a multi-platform digital ecosystem, Global Care connects insurers, business partners, and collaborators with customers.

The firm has been teaming up with numerous leading insurers in Vietnam such as Bao Viet, Bao Minh, MIC, PTI, PVI, and VNI, among others.

It has strategic partners across various sectors like The Gioi Di Dong, Grab, ePass, and Ahamove.

With the slogan 'Best Price, Best Service,' Global Care aims to use technology to spread insurance to millions of Vietnamese. Global Care now operates sales platforms with a large user base, issuing over 1.5 million policies monthly.

The company has garnered many awards for its efforts in the insurtech field, enhancing user experience through technological innovations.

For more information, visit: https://globalcare.com.vn/ & https://globalcare.vn/

Poni Insurtech is the international brand of Huize (NASDAQ: HUIZ), Asia’s leading insurance technology platform connecting consumers, insurance carriers, and distribution partners digitally through data-driven and AI-powered solutions.

Headquartered in Singapore, Poni Insurtech is committed to building a pan-Asian digital insurance distribution platform.

Featuring a presence in regional hubs including Singapore and Hong Kong, Poni Insurtech has made its debut in Vietnam in 2024, with plans to expand into other high-growth ASEAN markets such as Indonesia and the Philippines.

Through its consumer-facing apps and cloud-based API solutions, Poni Insurtech provides consumers with simple, affordable, and customized insurance solutions, empowers insurers with quick and hassle-free digitalization solutions to efficiently reach mass affluent consumers, and creates new revenue opportunities for partnering e-commerce platforms, merchants, and independent collaborators and agents.

Poni Insurtech aims to reshape the insurance landscape by driving greater efficiency, accessibility, and value across the entire ecosystem.