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Launch of DirectAsia.com Will Shake-up Singapore Insurance Market
Singapore, June 24, 2010 - A new direct-to-consumer insurance company,
DirectAsia.com, today launched its operations in Singapore. Providing
fast and easy access to insurance needs online, DirectAsia.com
offers car, travel, home and personal accident insurance through its website - www.DirectAsia.com
- and on the phone at 6532 2888.
Adopting a direct business model, DirectAsia.com offers its customers
lower insurance premiums by removing agents from the process. It will conduct its
business primarily through a user-friendly website, supported by a fully staffed
contact centre and walk-in office in the CBD.
"We have been listening to what consumers in Singapore have to say about the escalating
costs of their insurance policies and poor claims service, and DirectAsia.com
saw the perfect opportunity to empower customers to take control and to pay much
more competitively and fairly-priced insurance premiums,"
said Andrew Byrne, Chief Executive Officer of DirectAsia.com.
In Australia and the UK the direct insurance model has grown to dominate the sale of the types of
general insurance products being offered by DirectAsia.com. The direct model is growing aggressively
in many parts of the world and currently accounts for more than 65% of the market in the UK and 90%
in Australia.
DirectAsia.com's "designed from the ground up" technology and service model is expected to challenge
the status quo of the traditional market reliant on the more costly practice of selling through agents.
"Over the past two years we have assembled an exceptional team and sourced industry leading practices
from around the world. We are very confident that DirectAsia.com will offer customers extremely
good value for money," added Byrne. "Customers in Singapore can look forward to real positive change
when dealing with insurance."
To read more, download DirectAsia.com Press Release .
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