MoneyHero Car Insurance Platform with bolttech Integration Qorus-NTT DATA Innovation in Insurance Awards 2025

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bolttech

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03/03/2025 Insurance Innovation
MoneyHero's new car insurance platform, powered by bolttech's cutting-edge insurance exchange technology, offers a seamless end-to-end consumer journey. This digital marketplace enhances brokerage and conversion expertise, providing better insights a
Innovation details
Country
Singapore
Category
Insurtech
Keyword
Digital channels & Omnichannels, Car & Mobility insurance
Business Line
Home Insurance
Distribution Channel
Partners

Innovation presentation

The MoneyHero Car Insurance Platform, powered by bolttech's cutting-edge insurance exchange technology, aims to enhance MoneyHero's digital insurance brokerage and conversion expertise. The platform offers a streamlined end-to-end consumer journey, providing a range of car insurance options tailored to customer needs from six insurers in Hong Kong. It will expand to include more insurers when it launches in Singapore and the Philippines.

With straight-through processing and an easy end-to-end purchasing experience, it takes about two minutes from quotation, application, payment to policy issuance.

This platform creates more convenient access to car insurance, especially in these markets, addressing financial inclusion and the protection gap, allowing customers to get coverage at the price they want

The strategic partnership with bolttech allows MoneyHero to elevate the user experience and take full ownership of the entire car insurance purchase journey—from comparison to conversion—within its ecosystem. This enhanced platform aligns with MoneyHero's strategic pillars of brokerage excellence and conversion expertise, underscoring the company's commitment to making personal finance and insurance decisions easier for consumers across Greater Southeast Asia.

The demand for insurance products is on the rise, driven by growing consumer awareness and the need for financial security. MoneyHero and MoneySmart are major players in the market, and bolttech is here to help them be more successful than they already are.

Additionally, the Hong Kong Insurance Authority's active promotion of consumer protection and transparency is significantly influencing the operations of online aggregators.

MoneyHero has formed partnerships with bolttech in various markets and is currently seeking an insurtech partner who can provide faster go-to-market insurance distribution to support their rapid growth.

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