,Indonesia

Rey Assurance boosts cashless claims with AXA partnership

Rey will work with AXA to remove friction from its cashless claims platform.

Indonesia-based insurtech Rey Assurance has announced its partnership with AXA Life and Health Reinsurance Solutions  to jointly develop data-driven proprietary products offered through Rey’s subscription-based insurance memberships.

Rey plans to leverage global expertise in health, life, and critical illness insurance to create insurance products designed specifically for Rey’s managed care platform (telemedicine, pharmacy and medicine delivery), enhanced by preventative care provided via Rey’s comprehensive wellness ecosystem.

As part of the strategic agreement, AXA will support Rey’s innovative cashless claim platform. Rey’s new cashless claim model will enable its members to access healthcare at any offline providers of their choice, making the existing, restrictive provider network obsolete. In addition, the platform will eliminate the tedious admission and discharging process at all healthcare providers. By working together with AXA, Rey aims to make cashless claims a simple and seamless element of its end-to-end, digital insurance experience.

“Working closely with our partners at AXA enables Rey to recreate how health and life risks should be managed, and to provide new insurance products that have never been offered in Indonesia, with broader intelligence in risk and claims management to benefit our members,” Evan Tanotogono, Rey CEO and co-founder said.

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The digital payments platform has teamed up with bolttech for this latest project.
Digital personal P&C insurance penetration rate in the region is at 1%-2%.
Recent increase in new auto sales help get the industry back to the growth path.
The startup was launched in September last year.
The insurer recently obtained the necessary license from CAAS.
Rey will work with AXA to remove friction from its cashless claims platform.
Ratings firm AM Best, however, cautions insurers to be careful of underwriting risks.
Cigna has operations in seven markets in Asia-Pacific.
The insurers avoided coughing up an estimated A$10b in payouts.
This is in partnership with medical home care provider Speedoc.
This marks the 10th market the insurance firm has entered.
They aim to create a seamless and personalised experience for customers.
The merger will form Taiwan’s second-largest financial holding corporation.
Natural disasters, drop in sales are main risks SMEs could suffer from.