Axinan is a Singapore-based insurtech firm that provides smart insurance for the digital age. Leveraging big data, real-time risk management and digitised claims management, it partners with online marketplaces and insurers to provide on-demand, customisable insurance products.
Since incorporation, Axinan has developed enterprise solutions offering logistics and gadget protection for Ecommerce platforms – built on a real-time risk engine – issuing dynamic premiums in line with the calculated risks of each transaction. Axinan has since issued millions of policies monthly through partnerships with Bhinneka, Bukalapak, Lazada, Shopee, T-mall and other leading platforms in the region.
Its latest offering comes with the launch of igloo, Southeast Asia’s first on-demand digital insurance solutions. In February 2019, in partnership with FWD Singapore, igloo’s first product offers Phone Screen Protection (PSP) plans providing flexible and affordable insurance coverage for broken mobile phone screens. In June 2019, Axinan partnered with Sompo Indonesia, to launch igloo in Indonesia, providing its proprietary tech capabilities.
Axinan is rapidly growing its business across markets in Singapore (HQ), Indonesia, Thailand, Philippines, Hong Kong, Australia and Malaysia.
Axinan is a Series-A funded company with backing from Linear Ventures and Openspace Ventures amongst others.