Rey Assurance bags funding as it scales partnership efforts

Rey Assurance, which claims to be Indonesia’s first dedicated and integrated health, life and critical illness InsurTech, has extended its pre-seed round.

The company has also established a partnership with FinTech unicorn Xendit, global reinsurer AXA Life & Health Reinsurance Solutions and others.

Through its partnership with Xendit, they will combine its digital claim adjunction process with Xendit’s infrastructure. It hopes this will make the payment process seamless for Rey’s members and healthcare providers.

Rey offers a cashless claim model that enables members to access healthcare at any offline provider of their choice, making the existing provider network obsolete, it claims. Furthermore, its cashless claim platform eliminates the tedious admission and discharging process at all healthcare providers.

Rey CEO and co-founder Evan Tanotogono said, “Within a short period, Rey has leveraged our pre-seed funding and funding extension to attract world-class partners to rapidly mature the quality of our ecosystem.

“Today’s announcement is a major milestone in our goal of creating a new breed of insurance in Indonesia with digital-first products and services, making health, life and critical illness coverage more accessible. affordable, and enjoyable for the people.”

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