Dhipaya Insurance has partnered with HIVE by Income to revolutionize the Thai insurance industry by launching "TIP SNACK," the country's first full-service subscription insurance platform.

Dr. Somporn Suebthavilkul, Chief Executive Officer of Dhipaya Group Holdings Public Company Limited and Managing Director of Dhipaya Insurance Public Company Limited, revealed that "TIP SNACK is the first full-service subscription insurance platform in Thailand, reflecting Dhipaya Insurance's transition to becoming a next-generation insurer. Consumers can flexibly subscribe, change, or discontinue their services as needed.

For example, they can immediately stop coverage when they no longer need it, or adjust coverage at any time. They can also subscribe at any time, at an accessible, cost-effective price that truly meets the lifestyle needs of the new generation. This elevates insurance services to a part of their lifestyle, under the concept of "Insurance as a Lifestyle Service," which will transform the way insurance is viewed, offering greater accessibility and flexibility.

Mr. Andrew Yeo, Chief Executive Officer of HIVE by Income, added: "We are proud to combine HIVE's technology with Dhipaya Insurance's expertise to elevate the standards of the insurance industry in the region. TIP SNACK goes beyond traditional insurance. It's a new experience where consumers can independently manage their coverage through a simple and secure digital platform, setting a new standard for the insurance industry in the region."

Under the TIP SNACK platform, customers can "subscribe, pause, or adjust coverage at any time" via a digital system designed for maximum convenience. The first product, the "Personal Accident Subscription Plan," offers users a subscription-based personal accident insurance plan that allows users to choose coverage that suits their lifestyle, with plans to expand to other products in the future. This collaboration reinforces Dhipaya Insurance's commitment to becoming the leading non-life insurance market leader in Thailand, focusing on delivering a "Beyond Insurance" experience through innovation, technology, and collaboration with both domestic and international partners.

Dhipaya Insurance Public Company Limited, a leader in the non-life insurance industry in Thailand, is moving towards a fully digital era, announcing a strategic partnership with HIVE by Income, an insurtech subsidiary of Income Insurance from Singapore, to launch "TIP SNACK," the first insurance innovation under the Subscription Insurance platform in Thailand. This collaboration truly elevates the insurance experience to a new dimension, a lifestyle and digital insurance platform.

This collaboration combines the strengths of Dhipaya Insurance's insurance business expertise with HIVE by Income's cutting-edge digital technology to create an insurance solution that is "flexible, agile, and easily accessible," meeting the needs of digital-age consumers seeking a convenient, fast, and self-managed service experience.

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