axinan

Axinan is a Singapore-based full-stack insurtech firm that enables smart, digital insurance for the Internet economy. Leveraging big data, real-time risk assessment and automated claims management, it creates seamless, lightweight and easily integrable insurance solutions covering millions of customers of Southeast Asias leading online platforms. Founded in 2016, Axinan first started developing e-commerce logistics insurance solutions, built on a real-time risk engine that uses data to generate dynamic, transaction-specific premiums, with a digitised ten-second claims experience. As one of the fastest growing Insurtechs in Southeast Asia, Axinan has since offered its solutions through partnerships with Australian shipping aggregator Shippit, Chinas Tmall, Indonesian marketplaces Bhinneka and Bukalapak, and regional marketplaces like Lazada and Shopee. Availing solutions easily to the everyday consumer, selected solutions can also be purchased on Axinans mobile app under its consumer brand igloo. Axinan has broadened its offerings to include: - eCommerce Transit/Logistics: protection of items against the risk of total loss or damage during transit, failed delivery and returns (purchased via e-commerce) - Gadgets/Electronics: accidental damage protection currently available as a check-box option via e-commerce platforms - Mobile: entire phone protection; phone screen protection - Travel insurance Now having entered the Philippines, the firm has been rapidly growing in Indonesia, and has operations in Malaysia, Hong Kong and Australia with plans to grow into Thailand and Vietnam. Axinan also has its tech centres in China and Taiwan. The Series A funded company has been invested by notable VC firms such as Linear Ventures and Openspace Ventures. Axinan has also secured a combined general insurance and reinsurance license with Labuan Financial Services Authority.