Delta Insurance Singapore has launched DeltaDigital.sg, Singapore’s first online financial lines insurance platform.
Using proprietary technology, DeltaDigital offers brokers/advisors and policy buyers instant quotes for commercial (corporate) insurance products such as Cyber, Professional Liability, Technology Professional Liability and Management Liability.
With DeltaDigital, insurance brokers/advisors can generate a quote instantly to present to buyers, such as small and medium enterprises (SMEs), who no longer have to go through the slow and complicated process of completing a physical proposal form. While the process traditionally can take up to several weeks, DeltaDigital is able to generate a quote within a matter of minutes, a first for the Singapore insurance market.
Managing Director Eugene Cheong elaborates on the digital platform, “We provide value to our users through ongoing product innovation and using technology to simplify processes. Brokers/advisors and buyers of commercial insurance typically face a lengthy and complicated process to get a quote for complex commercial products. We want to streamline the process from end-to-end and cut through the long manual process of getting a quote; this will free up time for our users to focus on other important aspects of their business.”
General Manager Craig Kirk adds, “This is a platform designed to enable brokers and clients to obtain quotations in a quick and easy digital fashion. It is broker-led rather than a direct portal and we will be looking to introduce the platform into New Zealand at a later stage.”