Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has extended its partnership with 1an.com, an insurtech company based in Shenzhen, to offer overseas accidental insurance package. PINTEC reported it provides 1an with insurance brokerage solutions and has developed customized overseas accident insurance for Chinese tourists.
“The customized insurance package currently targets Chinese travelers headed overseas for short trips, with options for coverage periods of seven days, 15 days or 30 days, and may soon expand to include migrant workers and overseas students. It covers popular travel locations such as Southeast Asia, Europe and North America, and other less frequent destinations including South America, Africa and Oceania. With advanced risk evaluation and differential pricing, the product also covers some high-risk countries and regions that are not included in traditional accident insurances.”
While sharing more details about the partnership expansion, Zheng Yudong, CEO of PINTEC’s wealth management business, stated:
“Regular safety insurance for accident and medical coverage has been popular among overseas travelers in recent years, and there is increasing demand for protection in the case of some extreme incidents. The insurance product PINTEC has developed for 1an.com covers both regular and extreme accidents, and provides comprehensive protection for Chinese citizens’ lives and property.”
PINTEC added it customize insurance products for different scenarios and provide standardized interfaces accessing various sales scenarios to help insurance companies seize long-tail demand and enhance sales capability.