- Igloo launches Ignite by Igloo in the Philippines to support digitalisation of sales intermediaries in the country
- Ignite by Igloo also won Mobile App of the Year – Vietnam at the recent Insurance Asia Awards
- The app also launched a new ‘iLearn’ feature to facilitate the upskilling of both new and seasoned Ignite sales intermediaries
- A new microsite iglooinsure.com/ignite to aid recruitment of sales intermediaries
- Ignite also available as a white-label solution for insurers
Singapore, 30 July 2024 – Marking Ignite by Igloo’s (“Ignite”) third year since its launch, regional insurtech Igloo has announced Ignite’s launch in the Philippines. This comes on the back of Ignite’s recent win at the Insurance Asia Awards for Mobile App of the Year – Vietnam.
Ignite by Igloo is a digital platform developed by Igloo that helps sales intermediaries sell easier, faster, and more effectively. The app, which has been launched in Vietnam and Indonesia, has recruited thousands of sales intermediaries. Featuring over 42 products across nine categories from leading insurers, the award-winning platform has improved the efficiency of partners and sales intermediaries.
Last year, Ignite expanded its features from nine to 20 advanced tools to enhance usability and boost productivity for sales intermediaries. This has resulted in an over 95% satisfied-to-neutral satisfaction rate, with partners citing its “straightforward registration process”, “good coverage of insurance products” and “simple quote and application process” as features driving useability.
Moreover, a survey by tech-powered impact measurement company 60 Decibels of 305 sales intermediaries saw close to 60% of respondents reporting that their income has increased since becoming an Ignite partner 76% of Ignite sales intermediaries report learning useful skills and 73% have acquired opportunities to advance in their current roles.
Following these successes, Igloo is launching Ignite in The Philippines, where digital tools are crucial among intermediaries to enhance their productivity and contribute to increasing insurance penetration in the Philippines, which remains low at 1.75%.
Responding to its sales intermediaries’ feedback on additional functionality they would like on the app, Ignite now boasts a new iLearn feature – where individuals will be able to access training content in various formats – pdf documents, infographics, videos, quizzes – to enhance their insurance product knowledge and selling skills.
“We see Ignite as a key tool that will empower partners and sales intermediaries to elevate their productivity and facilitate better client servicing and engagement – and in doing so, make an impact on the region’s insurance penetration”, shared Raunak Mehta, Co-Founder and CEO of Igloo. “Our 73.5% satisfaction rate amongst our sales intermediaries is very encouraging for us just two years in and we are committed to ensuring we provide them with the right tools and training to help them succeed.”
Igloo has also launched a new Ignite microsite with content to aid recruitment, providing rich and relevant content for individuals who want to pursue full-time or part-time careers in insurance sales. Ignite is also available as a white-label solution to insurers who want to digitize their sales activities and processes.
“We have received very positive feedback and interest from insurers in multiple markets about how Ignite can support the digitisation of their workforce,” said Mehta. “In particular, the app’s onboarding, agency management and performance management functionality are seen as a boon for both general insurance and life insurance selling.
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About Igloo
Igloo is a regional full-stack insurtech firm headquartered in Singapore. It has offices in Singapore, Indonesia, Thailand, the Philippines, Vietnam and Malaysia and tech centres in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimise and enhance existing products and services. It has partnered with over 75 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial services. Recognised by the industry for its innovations and expertise in its space, Igloo was named ‘Insurtech of the Year’ in the 2023 Asia Fintech Awards.
For more information, please visit https://www.iglooinsure.com/.
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igloo@preciouscomms.com