Global Care Announces Strategic Shareholders and Launches Insurance Comparison Platform

The partnership combines the technological strengths and substantial potential of both companies, promising new developments in the insurance sector. The strategic shareholder is expected to support Global Care with financial capacity, experience and international management standards, enabling the company to continue to create value for customers and partners.

Representatives from Global Care and Poni Insurtech at the strategic shareholder announcement ceremony. Photo courtesy of Global Care

Dinh Thi Ngoc Niem, CEO of Global Care, highlighted that this acquisition represents an important milestone for the company. She emphasized that Poni Insurtech’s role as a major shareholder gives Global Care a unique competitive advantage in the growing insurance market.

The company is prepared to leverage technology, financial strength and industry experience to improve service quality and expand its reach.

“Both parties share a common mission and vision. Together, we aim to create strategic value for our partners, customers and stakeholders by accelerating the digitalization of Vietnam’s insurance industry,” Niem said.

She also thanked VinaCapital Venture for its support in connecting Global Care with Poni Insurtech and opening up opportunities for further collaboration.

Dinh Thi Ngoc Niem, CEO of Global Care, speaking at the event. Photo courtesy of Global Care

The acquisition is a significant step in Poni Insurtech’s global expansion, starting with ASEAN, demonstrating confidence in the long-term growth potential of the Vietnamese insurtech market.

Ron Tam, CEO of Poni Insurtech, expressed excitement about investing in Vietnam, stating that his strategic investment in Global Care reflects confidence in founder Niem and her team, who have positioned the company as a pioneer in providing innovative digital insurance solutions.

“This acquisition is expected to generate significant synergies, driving growth in Global Care’s market share, accelerating product development, leveraging Huize’s technology stack and AI solutions, and strengthening partnerships with global insurance brands,” he added Tam.

Ron Tam, CEO of Poni Insurtech. Photo courtesy of Global Care

Global Care and Poni Insurtech are currently focused on developing innovative digital insurance products and technology platforms that meet diverse customer needs. At the event, Global Care also launched the Insurance Comparison Platform (GlobalCare.vn), a platform designed to allow customers to quickly compare and choose suitable insurance products. This platform also helps insurers digitize their offerings without the need for a dedicated technology team.

Through the platform, customers can search and customize insurance packages that meet their protection needs and financial capabilities. For insurers, the platform enables the digitalization of products with ease, while integrating AI technology for fast and accurate claims analysis and approval.

This platform benefits both customers and insurance agents, who can use it to find suitable insurance packages and earn income as employees. The launch of this dedicated insurance comparison channel is a unique development in the Vietnamese market, where insurance e-commerce is becoming increasingly common.

Founded in 2017, Global Care Consulting Joint Stock Company is a leading insurtech company in Vietnam. The company is a pioneer in providing digital transformation solutions in the insurance sector, contributing to the modernization of traditional insurance through technological innovations.

Through its multi-platform digital ecosystem, Global Care connects insurers, business partners and employees with customers and has partnered with major Vietnamese insurers such as Bao Viet, Bao Minh and PTI. Strategic partners include The Gioi Di Dong, Grab, ePass and Ahamove.

With its slogan “Best price, best service”, Global Care aims to bring insurance to millions of Vietnamese through technological solutions. It currently issues more than 1.5 million policies per month and has received several awards for its contributions to improving the insurtech sector through technological applications.

See more information here.