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Straits

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Digital insurer simplifying home loans and property insurance processes.

Overview

Straits operates as a digital insurer that specializes in Property & Casualty insurance, with a particular emphasis on the home loan process in Malaysia and Southeast Asia. The platform utilizes artificial intelligence and machine learning to improve the underwriting and claims processes. It offers a variety of customizable insurance products in conjunction with home loan services. Straits targets individuals looking for efficient home financing solutions and provides features such as digital pre-approval, reduced closing times, and complimentary fire insurance for the first year. The company aims to simplify the application process and remove the necessity for brokers, allowing users to manage their policies and claims through an online platform.

Key facts

Founded
2019
Headquarters
Singapore

Business model

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About Straits

What does Straits do?

Straits operates as a digital insurer that specializes in Property & Casualty insurance, with a particular emphasis on the home loan process in Malaysia and Southeast Asia.

Where is Straits headquartered?

Straits is headquartered in Singapore.

When was Straits founded?

Straits was founded in 2019.

Which sector is Straits in?

Straits operates in Insurance Technology, part of Financial Technology.

Who are Straits's competitors?

Companies similar to Straits include Insurr, 10Life, and Vuokratieto-fi.