The round also witnessed participation from prior investors, namely Wavemaker Partners, OneDegree, Ascend Angels, and Orvel Ventures.
Established a year ago by Harprem Doowa and Maethavee Sukul, Eazy Digital’s primary objective revolves around modernizing the outdated processes that insurance brokers and agents are mired in.
The platform offers a suite of tools, catering to the modular software demands, and is designed to seamlessly integrate with prevailing core insurance systems. A testament to its growing clout in the industry, Eazy Digital has recently clinched significant collaborations with global insurance powerhouses, Ergo Insurance and Tokio Marine Safety Insurance.
It has efficiently managed 100,000 policies, claims, and renewals within Thailand alone.
With a vast array of features, Eazy Digital’s proprietary platform boasts of an Automation Campaign Builder, an Agent request management system, intelligent dashboards, and profile pages for agents.
The company also has its sights set on introducing new modular add-ons, encompassing API-enabled payment, workflow management, and much more.
The recent financial infusion will be channelled towards bolstering Eazy Digital’s automated Agency Management System (AMS), further enhancing its features and capabilities.
Moreover, the funds will propel the company’s ambitions of expanding its footprint in Southeast Asia, targeting markets in Malaysia and the Philippines.
Eazy Digital’s inception during the tumultuous phase of 2022 was spurred by the challenges unearthed by the COVID-19 pandemic. With insurance companies struggling to keep pace in the remote work era, brokers and agents confronted operational challenges, from policy issuances to cancellations.
Such challenges significantly impaired the conversion rates, with every day of delay translating to a 30% dip in conversions.
Earning the coveted ISO27001 accreditation, Eazy Digital has reaffirmed its commitment to upholding global standards, ensuring its clients experience top-notch, secure integrations.
Commenting on their vision, Maethavee Sukul, Eazy Digital Co-Founder, remarked, “Our objective is expansive. We plan on venturing into newer markets and refining our services based on client insights.”
Eazy Digital’s ascendancy in the insurtech realm isn’t merely a startup success tale; it encapsulates the transformation of an industry. With an unwavering focus on empowering agents and brokers, Eazy Digital is not only bridging a glaring gap but also heralding a new era in insurtech.
The ongoing digital transformation wave is reshaping industries, and with Eazy Digital at the helm, the insurtech sector is guaranteed to experience a revolution, placing agents and brokers at its vanguard.