Regional insurtech Igloo has named John Chen as its Country Manager for Thailand with the aim to strengthen its presence in that market.
Chen will be responsible for strengthening Igloo’s presence in Thailand by growing the business, establishing strategic partnerships, and launching new products.
He has over 15 years of experience in both emerging and developed global markets as the former executive of Lazada, Xiaomi, as well as the co-founder of an unnamed neobank.
Igloo is already partnered with several major companies in Thailand, including Capital A, AIS Insurance Service, Thai Paiboon Insurance and foodpanda.
In 2022, Igloo raised a US$46 million Series B round to support its regional expansion efforts.
“We want Igloo to be Southeast Asia’s insurtech leader, and Thailand, with an estimated US$32 billion insurance market plays a significant role in achieving that goal. We’re seeing significant government support in expanding the insurance market, particularly in championing technology-first initiatives.
Expanding our presence in Thailand is top priority for me and the rest of the team, and that starts with more partnerships and proactively expanding our product offerings, which is why we are excited to partner with brands such as AirAsia Ride.”
Raunak Mehta, Co-founder and CEO of Igloo said,
“Igloo is committed to our vision of ‘Insurance for All’. John is the right person to take this journey with us. Thailand has a vast pool of top insurance enablers and the OIC’s vision is encouraging for us.
John’s appointment will bring forth collaborations with new partners like AirAsia Ride to achieve our goals. His experience will help Igloo scale our business across the region through the fostering of even more new partnerships and deepening existing ones.”
This post originally appeared on TechToday.