Robin Loh, Chief Digital Officer, Allianz Asia Pacific said, “Customer needs are evolving rapidly and it is important that we are open, committed and have the infrastructure to meet these changing demands. This innovation platform supports an exciting interaction with disruptive start-ups, and also scales our ecosystem with opportunities for growth. With the Digital Arena platform, even very small start-ups can work with and leverage Allianz’s established market presence and commercial expertise across Asia.”
Participating start-ups can register their interest on the portal https://asialab.allianz.com/, to have their propositions reviewed and shortlisted by Allianz’s Asia Lab team, after which both parties enjoy the flexibility of exploring collaborative options that include partnerships or investments.
Ideas already developed from the pilot phase include the tie-up with RecomN, a Malaysia based on-demand portal where customers hire tradespeople for services like home repair and food catering. RecomN’s early exposure on the Digital Arena platform led to a successful partnership with Allianz Malaysia Berhard, with the insurer providing liability coverage for RecomN’s daily online transactions.
This launch follows the unveiling of Allianz’s Asia Lab earlier this year, which underscores Allianz’s firm commitment to its fast-growing markets in this region. Singapore is home to Allianz’s regional head office, from where it services 14 markets across life and health insurance, property and casualty insurance, and asset management.