Etiqa Singapore launches online portal for SME insurance

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Business owners of small to medium size enterprises (SMEs) can now purchase commercial insurance tailored to their business needs online with Etiqa Insurance Singapore. The digital insurer has recently launched the Business Owners Super Suite (BOSS), which allows business owners and Etiqa’s agents to get commercial insurance coverage easily and conveniently in a straight-through purchase journey.

In recent years, studies have found that SMEs remain underinsured, or non-insured, and in need of proper risk management plans. Taking into considerations that cost is one of the main concerns, Etiqa’s new BOSS packages are designed to be affordable and easily accessible to time-strapped business owners.

“There is no one-size-fits-all solution, but the data-driven BOSS packages are specially tailored to cater to the needs of SMEs of various trades. Business owners and their agents can easily refer to the standard package in their trade, and make adjustments according to their business status,” said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Singapore.

No stranger to digital disruptions in insurance, Etiqa is leveraging on enhanced technology and connectivity to gauge risks and offer direct, tailored business coverage on its website while keeping operation costs at minimal. Kong added, “Purchasing business insurance typically involves much paperwork, which is often processed offline. With BOSS and our new online purchase option, customers can save time, enjoy better convenience and savings.”

Split across six categories, BOSS by Etiqa Insurance caters to SMEs of various trades such as office, retail, light industries, personal services, among others. Business owners have the flexibility to choose between standard plan or super suites, for coverage that includes all risks, business interruption, money, personal accidents, public liability, work injury compensation, goods in transit and optional covers.