Insurtech

Making it Eazy to compete with large insurance companies

January 31, 2023
Eazy Digital

Insurance made Eazy. Meet Thailand's Eazy Digital! They help small insurance companies digitize and give them the same edge large insurance companies have.

Now, they've just raised an $850,000 seed led by Wavemaker Partners!

  • Eazy Digital's CEO was the co-founder and CEO of Frank Insurance, an insurtech that got acquired by unicorn Bolttech.

Investor check. Seedstars International Ventures, Wing Vasiksiri and Sasin Bangkok Venture Club also joined in!

🤔 Why it matters

Small insurance companies make up over 90% of insurance companies. Still, they struggle to digitize and risk getting left in the dust by bigger competitors.

The problem? They're stuck with tons of manual work and quick home-built solutions and processes — think Excel, chats over messaging apps and phone calls.

  • In contrast. Larger insurance companies have the resources (yup, $$$, time and teams) to build their own software, be efficient, and get a major advantage.

🤨 What makes you special?

Sure, they've got competitors like eBao, Appman and ZA Tech that also build software for insurers.

  • But Eazy Digital focuses on distribution and the efficiency of agency sales and customer referrals — these help the companies earn revenue. (And who wouldn't want to pick the tool that lets you earn more $$$?)

✅ How it works

Eazy Digital is a SaaS platform that helps small and medium-sized insurance companies manage and grow their agents, operations, user referrals and engagement!

  • It's affordable but still allows them to digitize and streamline operations.
  • This lets them scale more efficiently and move more quickly, allowing them to compete with their larger competitors.

Beyond insurance, even financial industries, education, property and other industries have found their referral and engagement platform useful!

💰 What's with the $$$?

They'll focus on product, marketing, expanding their customer base and growing the team. Oh, and they'll keep an eye on other SEA markets they can expand to — is your country next?

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