Allianz Malaysia partners Singapore-based start-up igloohome to provide homeowners greater peace of mind.
Malaysia— 23 January 2019 — igloohome, a Singapore-based start-up which creates smart digital door locks announced that it is partnering Allianz Malaysia to bundle igloohome products with the insurer’s customisable home insurance plan - Smart Home Cover.
CEO of igloohome Anthony Chow said, “igloohome’s mission is to make lives simpler, safer and smarter, and we work with partners to make that a reality. We’re really excited to be partnering Allianz to extend home insurance plans to our Malaysian customers as an additional layer of protection for a greater peace of mind.”
Smart Home Cover is a customisable home insurance product with five components - HouseOwner (Building), HouseHolder (Content), Mortgage Loan Instalment Protection, HomeFix and Landlord Insurance – which provides optional coverage against wear-and-tear, tenant damage and mortgage loan instalments.
“A lot of us are guilty of spending money on anti-theft locks, yet end up keeping our spare keys in potted plants and shoes around the house. Now, with our partnership with igloohome, Allianz Malaysia is able to enhance our modular home insurance, Smart Home Cover, to offer our customers increased security and total control of their homes,” said Michael Fong, Head of Digital Innovation for Allianz General Insurance Company (Malaysia) Berhad.
“Through local reseller Hafele Malaysia, Allianz Malaysia customers and home owners in Malaysia now have the option to upgrade their existing locks to igloohome’s smart locks - Deadbolt 2S, Keybox 2 and Smart Mortise – depending on their preference and security needs. It is perfect for homeowners to short-term rentals and offers them added convenience, security, and peace of mind knowing their homes is well and truly protected,” added Michael.
“Allianz Malaysia's partnership with igloohome is indicative that the smart home industry is growing very quickly, and that consumer expectations are that smart locks go beyond just the hardware device. We feel confident that home owners in Malaysia would see the value in this partnership.",” said Anthony.
The igloohome products and insurance plan bundle will be available on local reseller Hafele Malaysia’s website today.
igloohome is a smart access solution provider that helps users conveniently manage their homes and properties remotely. Along with offering the convenience of keyless access and security, igloohome's products all work offline. igloohome is a partner of Airbnb, Booking.com and HomeAway, and has backing from Insignia Partners Ventures, Singtel Innov8 and Wavemaker Partners, among others.
The investment holding company, Allianz Malaysia Berhad, a subsidiary of Allianz SE, has two insurance subsidiaries - Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”) and Allianz Life Insurance Malaysia Berhad (“Allianz Life”).
Allianz General is one of the leading general insurers in Malaysia and has a broad spectrum of services in personal lines; small to medium enterprise business and large industrial risks. The GWP for general insurance business for financial year 2017 reached a mark of RM2.14 billion.
Allianz Life offers a comprehensive range of life and health insurance and investment-linked products and for the financial year 2017, Allianz Life recorded a GWP of RM2.15 billion and is one of the fastest growing life insurers in Malaysia.
Allianz Malaysia has 33 branches nationwide.
In 2018, Allianz Malaysia was recognised at the National Contact Centre Award 2018 for Best Customer Relationship Management for Contact Centre (Silver) and Best Innovative Adoption Award (Merit). Allianz General’s Allianz Road Rangers: 24- Hour Call Centre advertisement won Top Ad in Financial Services and Institutions at the YouTube Malaysia Awards 2018. In 2017, Allianz Malaysia Berhad was awarded the Best Corporate Responsibility Initiatives (below RM10 billion market capitalisation) at The Edge Billion Ringgit Club Awards 2017, while Allianz General was recognised as the Best Motor Insurance Company in 2016 by iBanding.com.