Global Care announces strategic shareholders, launches insurance comparison platform

The partnership combines the technological strengths and substantial potential of both companies, promising new developments in the insurance sector. The strategic shareholder is expected to support Global Care with financial capacity, experience, and international management standards, empowering the company to continue creating value for customers and partners.

The representatives of Global Care and Poni Insurtech at the ceremony announcing the strategic shareholder. Photo courtesy of Global Care

Dinh Thi Ngoc Niem, CEO of Global Care, highlighted that this acquisition represents a major milestone for the company. She emphasized that Poni Insurtech's role as a major shareholder gives Global Care a unique competitive advantage in the growing insurance market.

The company is set to leverage technology, financial strength, and industry expertise to enhance service quality and expand its reach.

"Both parties share a common mission and vision. Together, we aim to create strategic value for our partners, customers, and stakeholders, accelerating the digitalization of Vietnam's insurance industry," Niem said.

She also expressed appreciation for the support of VinaCapital Venture in connecting Global Care with Poni Insurtech and opening opportunities for further collaboration.

Dinh Thi Ngoc Niem, CEO of Global Care, speaking at the event. Photo courtesy of Global Care

The acquisition is a significant step in Poni Insurtech's global expansion, starting with ASEAN, demonstrating confidence in the Vietnamese insurtech market's long-term growth potential.

Ron Tam, CEO of Poni Insurtech, expressed enthusiasm about investing in Vietnam, stating that their strategic investment in Global Care reflects confidence in founder Niem and her team, who have positioned the company as a trailblazer in the delivery of innovative digital insurance solutions.

"This acquisition is expected to generate significant synergies, driving market share growth for Global Care by accelerating product development, leveraging Huize's technology stack and AI solutions, and strengthening partnerships with global insurance brands," Tam added.

Ron Tam, CEO of Poni Insurtech. Photo courtesy of Global Care

Global Care and Poni Insurtech are currently focused on developing innovative digital insurance products and technology platforms that cater to diverse customer needs. At the event, Global Care also launched the Insurance Comparison Platform (GlobalCare.vn), a platform designed to allow customers to quickly compare and choose suitable insurance products. This platform also helps insurance companies digitize their offerings without requiring a dedicated technology team.

Through the platform, customers can search for and customize insurance packages that fit their protection needs and financial capabilities. For insurers, the platform enables the digitization of products with ease, while integrating AI technology for swift and accurate claim analysis and approval.

This platform benefits both customers and insurance agents, who can use it to find appropriate insurance packages and earn income as collaborators. The launch of this dedicated insurance comparison channel is a unique development in the Vietnamese market, where e-commerce for insurance is becoming increasingly common.

Founded in 2017, Global Care Consulting Joint Stock Company is a leading insurtech firm in Vietnam. The company is a pioneer in providing digital transformation solutions in the insurance industry, contributing to the modernization of traditional insurance through technological innovations.

Through its multi-platform digital ecosystem, Global Care connects insurers, business partners, and collaborators with customers, and has partnered with major Vietnamese insurers such as Bao Viet, Bao Minh, and PTI. Strategic partners include The Gioi Di Dong, Grab, ePass, and Ahamove.

With its slogan "Best price, best service," Global Care aims to bring insurance to millions of Vietnamese through technological solutions. Currently, it issues over 1.5 million policies per month and has received several awards for its contributions to improving the insurtech sector through technology applications.

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