Qoala Technology Records 3 Fold Growth, Adds Lonpac Insurance On Its Platform

Qoala Technology Sdn. Bhd. has now added Lonpac Insurance to its list of growing insurance partners providing protection on car insurance.

“We are excited to have Lonpac Insurance with us in empowering and enabling the Malaysian public on their insurance journey. Customers will now have a greater option in choosing a policy that best fits their needs, strengthening Qoala as a convenient, transparent, and affordable insurance marketplace”, said Akash Sharma, Head of Qoala App.

“Our partnership with Qoala is a strategic move in meeting the needs and desires of our customers through Qoala’s e-commerce platform. We believe this partnership will also help us to tap into new markets and diversify our revenue stream”, said Ernie Bak, Head of Digital Business, Lonpac Insurance.

Qoala Malaysia has also seen strong growth in the last six months, reflected through its product offerings expansion and the number of insurance partners onboarded, resulting in a 3-fold increase in sales.

To date, Qoala Malaysia has six insurance partners covering motor, property, personal accidents, and travel. Among them are AXA Affin General Insurance, Etiqa General Insurance & Takaful, Lonpac Insurance, Takaful IKHLAS, Tune Protect and Zurich General Insurance & Takaful.

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