Rey Assurance, a Jakarta, Indonesia-based integrated health, life and critical illness insurtech company, raised approximately US$1m in pre-seed funding.
The Trans-Pacific Technology Fund made the investment.
The company intends to use the funds to expand operations and its business reach.
Led by Evan Tanotogono, CEO, Rey is an insurtech company combining technology, monthly subscription-based insurance memberships that eliminate complicated paper-based processes, including enrollment and claim submission/reimbursement. The company’s managed care services encompass telemedicine, pharmacy, and medicine delivery for its individual and group members. In addition, Rey utilizes big data analytics from consumer wearables to personalize member wellness management experience, including rewards to promote healthier lifestyles.