Malaysia’s myTukar, a Automobile Buying, Promoting Service Companions PolicyStreet.com to Provide Insurance coverage for Pre-Owned Automobiles

Malaysia-based myTukar, a pre-owned automotive buying and promoting platform, has teamed up with Insurtech firm PolicyStreet.com with a view to present insurance coverage insurance policies for pre-owned car purchases.

By the partnership, myTukar’s wholesale and retail purchasers could get well timed insurance coverage quotations together with handy entry to a lot of the established insurance coverage providers suppliers by way of its platform. The providers help new automotive insurance coverage and renewals as properly.

myTukar is now the official companion of PolicyStreet.com and can be one of many first on-line car retailers to supply insurance coverage protection from a number of totally different companies.

Among the insurance coverage suppliers which have onboarded with myTukar via PolicyStreet reportedly embody Allianz Normal Insurance coverage Firm, AXA Affin Normal Insurance coverage, Berjaya Sompo Insurance coverage, Pacific and Orient Insurance coverage Co., RHB Insurance coverage, Syarikat Tafakul Malaysia Am, amongst a number of others.

Fong Hon Sum, CEO at myTukar, said:

“We’re extraordinarily happy to have discovered a like-minded companion to collaborate with us in our quest to spearhead the transformation of the pre-owned automotive trade. PolicyStreet.com was born out of a necessity for change within the conventional century-old insurance coverage trade, and goals to democratise insurance coverage by making it Easy, Simple and Reasonably priced – which could be very a lot according to myTukar’s mission of creating pre-owned automotive shopping for and promoting easy, handy, environment friendly and clear.”

Yen Ming Lee, CEO at PolicyStreet.com, remarked:

“We’re excited to be partnering with myTukar to ship the transformation that myTukar is searching for in enabling seamless motor insurance coverage buy for all of myTukar’s prospects. We do that by making insurance coverage easy, straightforward and reasonably priced.”

Polisea Pte. Ltd. is the holding firm of PolicyStreet, an insurance coverage tech firm, advancing insurance coverage and healthcare via revolutionary applied sciences.

The corporate says its objective is to “empower individuals to be sufficiently coated by insurance coverage insurance policies by making them easy, straightforward and accessible to individuals from all walks of life.”​

The agency’s administration notes:

“PolicyStreet goals to democratize the insurance coverage trade by making insurance coverage attractive, enjoyable and interesting to the millennials of immediately. We curate new merchandise that matches the approach to life wants as a result of we consider present merchandise are simply not sufficient. We work in an inclusive ecosystem the place we allow prospects to purchase the insurance policies direct from us while guaranteeing the best-in-class service ranges.”