Atome and Chubb launch a cooperation in Southeast Asia.

Leading providers of digital financial services in Southeast Asia, Atome, and global insurance major Chubb today launched a regional cooperation aimed at advancing consumer protection in the area. Through this partnership, both businesses will be able to jointly develop a variety of insurance products that will be offered to Atome's clients in Indonesia, Malaysia, Singapore, and the Philippines.

Madilyn Swift

March 20, 2024

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Bill Secure, the first insurance product, is now offered in Singapore and will launch later this month in Malaysia. Bill Secure, aimed at customers who use buy now, pay later services, provides up to five times the transaction amount of the purchase price in case of accidental death or permanent disability. The insured or their next-of-kin can pay for the item they bought with the proceeds from the claims payout; the insured or their estate will receive the leftover sum.

"Chubb is committed to broadening consumer protection by introducing relevant, convenient, and affordable insurance solutions digitally that protect consumers and their livelihoods," stated Ben Howell, Regional Head of Consumer for Chubb in Asia Pacific. Through Atome, we are utilizing technology to help close the insurance protection gap in Southeast Asia by providing vital protection to individuals and their families."

According to Atome's Chief Operating Officer Bernard Chan, the company began as a buy-now, pay-later platform with embedded financing. We have developed into a digital platform for financial services today, offering cards, insurance, and financing across a range of industries. Our mission is to empower our millions of customers by providing customized products as they move through different life stages, whether it be embedded financing or, more recently, embedded insurance. We do this by utilizing our unique expertise in risk-managed credit and responsible financing. Another illustration of our dedication to improving our clients' overall financial well-being and our overarching goal of promoting digital and financial inclusiveness through technology is our collaborative approach with Chubb." Atome as well as

In the second quarter of this year, Chubb will introduce Shopping Secure, its second insurance offering.