BLACAZ. Breaks New Ground as All-Encompassing Corporate Insurance Goes Fully Digital

The fast-growing insurtech company is pairing convenience with accessibility in its market offerings

SINGAPORE – Media OutReach – 19 March 2021
– BLACAZ.,
a digital insurance intermediary company has announced its arrival in the
insurtech market with a uniquely convenient online alternative when it comes to
corporate insurance subscription and management.

The first and only insurance platform in Southeast
Asia region to offer customisable insurance policies for companies that can be
purchased in just 7 minutes and managed online, BLACAZ. is looking to ease the
woes of corporate entities when it comes to the complicated insurance industry.

All corporate insurances, including Health
& Employee Benefits, Professional Indemnity, Work Injury Compensation
(WICA), Directors & Officers, Travel, and Office are available for subscription
on BLACAZ.’s digital platform. In addition to the purchase of corporate plans,
BLACAZ. users are able to access and manage their subscriptions all on the
platform itself.

This allows for instant quote pricing, fully
personalised options, contract generation, and payment to be made without the need
to navigate elsewhere. For consumers, this is an unprecedented level of
convenience in the complex insurance industry.

“After 15 years working in the insurance
industry seeing the complexity of corporate insurance processes, I wanted to
allow companies to get their insurances within 7 minutes and have them all
centralized at the same place”, added CEO and founder, Frédéric Gauthier.

Designed for Users In
Mind

 

Companies can choose
to store all their insurance documents on the platform, with augmented features
to reduce the need for constant management, such as instant addition of
employees to the policy, or auto-renewal of their existing subscriptions. For
corporations, this allows their insurance management to be scaled up
accordingly without additional manpower.

The viability of
BLACAZ.’s platform has allowed for companies of all sizes to leverage
technology and simplify administrative processes, while benefiting from a
bespoke approach to corporate insurance.

The optimism is shared by the tech industry, as BLACAZ. successfully secured a
US$300,000 seeding round with angel investors. The insurtech company is also
currently in its acceleration phase and is looking to secure a new funding
round of US$2 million in a Pre-Series A round.

“We feel supported by
investors but also by clients and insurers to carry on this mission and
continue to disrupt insurance experience for companies and their employees.
There was clearly an urgent need.” concluded Operations Leader & cofounder,
Maxime Berger.