HONG KONG, July 21, 2021 /PRNewswire/ -- In recent years,
the rise of InsurTech has tremendously boosted the creativity and
room for improvement of the new age insurance industry. As a
Hong Kong-based next-generation
InsurTech company startup, YAS MicroInsurance has been featured as
one of the TOP 10 of the InsurTech Batch 5 in Plug and Play APAC, a
well-known global startups accelerator and innovation platform,
which has proudly put Hong Kong on
the InsurTech's map.
Plug and Play APAC has announced the TOP 10 of the InsurTech
Batch 5 in late June 2021 to showcase
and recognize the outstanding InsurTech startups in APAC with
unique business models which identify the industry's leading
challenges and implement novel startup solutions. By kickstarting
new products like RYDE with YAS, the first-ever insurance product
in Hong Kong that provides
on-demand 90-min protection for passengers anytime, anywhere at
their fingertips, YAS MicroInsurance successfully obtained the TOP
10 in the batch. There are a few successful Hong Kong startups supported by Plug and Play
APAC in the past, such as Snapask, Avant, etc.
The huge potential of InsurTech is also attracting an increasing
number of venture capital and angel investors recently. For
instance, a Berlin-based digital
insurance company, Wefox, backed by Li
Ka-shing's Horizons Ventures and raised a record
US$650 million in Series C funding,
is valued at US$3 billion. The
considerable development of the InsurTech industry is highly
expected in the foreseeable future, which YAS MicroInsurance will
definitely be playing a significant role in.
About the InsurTech of YAS MicroInsurance
The concept of InsurTech is to optimize the user experience by
innovation, implementing solutions, improving processes and
productivity. Users can hence enjoy a more convenient service,
appropriate insurance fee and personalized plan. YAS MicroInsurance
makes use of the latest innovative technology such as 5G, AI,
blockchain, big data analysis, Open API, etc., to provide on-demand
MicroInsurance products that activate protection for you anywhere
and anytime on the YAS app. Whether it's your daily ride to work, a
hike in the mountains, or a trip to the vet with your furbaby, YAS
care about each moment in your life. YAS Microinsurance is
redefining insurance with simple, affordable, flexible products you
can control at your fingertips anytime, anywhere. YAS
MicroInsurance is probably reshaping the whole industry and
creating possibilities for the insurance industry in APAC and the
world.
About YAS MicroInsurance products
YAS MicroInsurance launched Hong
Kong's first real-time microinsurance for daily commuters,
RYDE with YAS in May 2021. As a
bite-sized insurance product, RYDE provides on-demand 90-min
protection for you anytime, anywhere at your fingertips. You can
control your coverage through the YAS app using GPS technology with
a single tap, whether you are on Uber, MTR, taxi, bus or mini-bus.
Starting from as low as HK$1.9 per
ride, RYDE with YAS provides extensive coverage for your personal
belongings up to $2,000, $5,000 for accidental medical expenses and
$200,000 for accidental death and
disablement. Moving forward, YAS MicroInsurance will be launching
more on-demand MicroInsurance products for various activities, such
as "HYKE" for hiking, "BYKE" for riding bikes, "RYUN" for running,
etc. to achieve the promise of "Every Moment Matters".
YAS MicroInsurance Website: https://yas.io/
YAS MicroInsurance App:
iOS: https://yasss.info/iOS
Android: https://yasss.info/android
About Plug & Play APAC
Plug and Play is a global
innovation platform. Headquartered in Silicon Valley, they have
built accelerator programs, corporate innovation services and an
in-house VC to make technological advancement progress faster than
ever before.
Plug and Play APAC headquarters was launched in Singapore in 2010 and since then they have
expanded into Indonesia,
the Philippines and Thailand. They have accelerated over 250
startups across various programs and invested in more than 50
startups from Southeast Asia. Plug
and Play APAC actively collaborates with regional governments as
well as multinational corporations to accelerate innovation
initiatives.
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SOURCE YAS Digital Limited