Vouch Insurance

insurtechaggregators / policy management

FOUNDING YEAR: 2016
LOCATION: Singapore
Last Update: 19/01/2021

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MEDICI Analysis

Vouch (fka Insbee) is a P2P car insurance platform that helps drivers to compare and buy affordable car insurance policies. It allows them to connect and form private groups with family and friends. Therefore, It helps with small own damage claims (up to SG $2000) are paid out of this pool and if any amount is remaining in the pool, while the remaining amount is distributed among members who didn't make a claim in the policy year. NTUC Income, Sompo Insurance Singapore and Tokio Marine Insurance Singapore – have partnered with Vouch Insurtech (Vouch), to offer customers up to 15% cash back on annual premiums, in addition to existing No-Claim Discounts (NCD).

Focus

PRODUCTS & SERVICES

The insurance platform for private communities connects users with insurers to offer No-Claim Rebate (NCR) cash back for car insurance. It allows them to create a group of friends and family where they can avail the benefits of rewards when they claim the insurance policies less.

REVENUE MODEL

The company charges up to 2000USD from the claim amount, if the insurance holder claims a damage.

EXISTING PARTNERSHIPS

NTUC Income,Sompo Insurance Singapore,Tokio Marine Insurance Singapore,Income (made different).

Traction

COMPANY TYPE:

For Profit

TRACTION COMMENT:

The company has partnered with major insurers to offer no-claim rebate cashback for car insurance. It also claims customers who purchase their car insurance via Vouch Insurance receive up to 15 per cent cashback. (Feb. 2018)

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

133

AVERAGE VISITS (6 MONTHS)

871.31

MONTHLY VISITS GROWTH

-67.99%

VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

1

PAGE VIEWS VISIT GROWTH

0%

BOUNCE RATE

100%

BOUNCE RATE GROWTH

0%

GLOBAL TRAFFIC RANK

20,325,081

MONTHLY RANK CHANGE

3,731,808

MONTHLY RANK GROWTH

22.49%

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