Symbo

Symbo serves the insurance industry across product, distribution and operations.

Its offerings span all lines of insurance with capabilities across reinsurance and direct insurance (general & life, personal and commercial). Witihin direct insurance, Symbo sources and designs risk-appropriate insurance coverage for clients, build distribution and affinity networks to drive large scale insurance penetration and offer policy administration and claims assistance services. Symbo has also developed a reinsurance platform - a comprehensive workflow automation solution built to digitise and facilitate the exchange of complex reinsurance transactions amongst cedents, reinsurers and brokers.

Symbo's platform enables users to compare and buy insurance products across health, term, travel, ULIP, car and bike. Its insurance partners include HDFC Ergo, Star, Bajaj Allianz, Aegon Life and more.

In 2019, the insurtech startup obtained an insurance brokerage license to bring its digital insurance platform to Singapore consumers. According to the company, they are having "advanced discussions" with insurers in Singapore to launch products including marathon insurance, fitness insurance, spectacle insurance and female-centric policies such as breast and cervical cancer insurance. Next in the startup's sights? Expansion into Indonesia, Malaysia and the broader South-east Asian markets.

In July 2022 health and fitness company StepSetGo teamed up with Symbo Insurance to launch a new health insurance product, SSG Health Insurance on the former's app. Users will be able to access a number of benefits and have the chance to lower their premiums through Walking Challenges.