DocDoc and QBE partner to launch health insurtech solution

Health insurtech DocDoc and QBE Singapore have formed a partnership to launch a new health insurance solution

DocDoc, the Singapore-based digital health insurance provider, has forged a strategic alliance with QBE Insurance Group Limited to launch a new health insurance product.

Called Group Medical Prestige, the new solution will initially be available in Singapore, with a view to rolling it out across Asia in the coming months. 

The move comes as market demands for better and more flexible health insurance options within the Asian marketplace increases. The partnership will be of benefit to both companies as DocDoc will provide members with personalised information that will enable them to make informed decisions when seeking healthcare across the Asian Healthcare market. 

Technologising healthcare insurance across Asia

According to reports, the insurtech’s data-driven platform uses state-of-the-art technology and clinical informatics as well as AI to optimise customer’s healthcare requirements. DocDoc’s AI engine called the Heuristic for Outcome, Price, and Experience (HOPE), also enables significant cost advantages for customers and partners. 

In a statement released by DocDoc, the insurtech said the partnership with QBE will function as a means to eliminate the reliance on legacy system approaches, as DocDoc makes use of its automation and personalisation practices, which reduce cost and inefficiencies as well as enhancing the customer experience. 

It said: “For DocDoc, this collaboration personifies our evolution from an insurance technology provider to becoming the primary architect of game changing health insurance solutions. For QBE, this collaboration marks an exciting opportunity in the fastest growing segment of insurance in Asia and the prospect of becoming the preferred health insurer for employers and their employees.”

DocDoc is differentiating healthcare in APAC

Speaking about the collaboration, Cole Sirucek, Chief Executive Officer and Co-Founder of DocDoc explained, “We are ecstatic to partner with QBE Singapore in advancing our collective vision of enabling a more resilient future through innovation. The health insurance market in Asia has witnessed an increasing number of exits that underpin issues centred around profitability and scale. We believe that this is driven by legacy inertia within the industry preventing innovation and the transition to a digital, member-centric approach.” 

Meanwhile, Ronak Shah, Chief Executive Officer at QBE Singapore commented, “The collaboration with DocDoc holds steadfast to our ongoing commitment to leverage digital technologies to provide a user-centric experience for employers and employees alike. DocDoc’s approach to simplifying employee’s experience in finding care is exactly what the industry needs. Moving forward, we remain focused on creating a customer-centric business that is increasingly digitally enabled.” 


Featured Articles

Insurtech unicorn bolttech takes on extra $50m in funding

Insurtech unicorn bolttech has taken on an extra US$50m in funding from Leapfrog Investments as part of the insurtech's Series B extension

Allianz wants to 'lead by example' with new net-zero targets

Allianz has said it wants to "lead by example" after announcing ambitious new targets to make its investment and underwriting portfolios net zero

Insurtech pricing solution Akur8 seals $25m in fresh funding

Akur8, whose insurtech solution is used by actuaries to build pricing models across all insurance lines, has received backing from Guidewire and FinTLV

Beazley launches tornado parametric insurance using NWS data


Alex Dalyac: Founding AI-based insurtech Tractable

Technology & AI

Saudi Arabia: 'solid' framework to guide insurtech sector