On October 9, Global Care announced Poni Insurtech as its new strategic shareholder and simultaneously launched a cutting-edge health insurance comparison platform, which it has branded as an “insurance supermarket” for customers.
The collaboration merges the technological expertise and growth potential of both firms, aiming to introduce transformative changes within the insurance industry. Poni Insurtech’s role as a strategic shareholder is anticipated to bolster Global Care with substantial financial support, industry experience, and international management practices. This backing is expected to fuel Global Care’s continued efforts in delivering value to both its customers and partners.
A Milestone in Global Care’s Growth
Global Care’s CEO, Dinh Thi Ngoc Niem, emphasized that the acquisition marks a pivotal moment for the company. She underscored that Poni Insurtech’s involvement as a major shareholder affords Global Care a distinct competitive edge in Vietnam’s expanding insurance market.
“We are now in a stronger position to leverage our combined strengths in technology, finance, and industry knowledge to elevate the quality of our services and broaden our market reach,” Niem said. “Both parties share a common mission and vision. Together, we aim to create strategic value for our partners, customers, and stakeholders, accelerating the digitalization of Vietnam’s insurance industry.”
Niem also expressed gratitude to VinaCapital Venture for facilitating the connection between Global Care and Poni Insurtech, opening doors to future collaborative opportunities.
Poni Insurtech’s Global Expansion
The partnership marks a significant step in Poni Insurtech’s broader global expansion plans, starting with the ASEAN region. The move demonstrates the company’s confidence in the long-term potential of the Vietnamese insurtech market.
Ron Tam, CEO of Poni Insurtech, voiced his enthusiasm about entering Vietnam’s market. “Our investment in Global Care reflects our confidence in the leadership of founder Niem and her team, who have established the company as a leader in delivering cutting-edge digital insurance solutions.”
Tam further noted that the acquisition is expected to create significant synergies, fueling growth for Global Care. “This collaboration will accelerate product development, harnessing Huize’s advanced technology and AI capabilities while strengthening ties with global insurance brands.”
Launch of the Insurance Comparison Platform
At the same event, Global Care introduced its Insurance Comparison Platform (GlobalCare.vn). The platform allows customers to quickly compare and select suitable insurance products, enhancing transparency and ease of access to insurance offerings. It also enables insurance companies to digitize their services without requiring a specialized technology team.
Through the platform, customers can search for and personalize insurance packages to match their coverage needs and financial capacity. Insurers benefit from simplified digitization of their products, while AI integration facilitates rapid and precise claim assessments and approvals.
This platform also provides a valuable tool for insurance agents, who can use it to identify appropriate insurance packages and generate additional income by acting as collaborators. The launch of this digital insurance marketplace is seen as a game-changer in Vietnam’s growing e-commerce insurance sector.
About Global Care
Founded in 2017, Global Care Consulting Joint Stock Company has positioned itself as a leading player in Vietnam’s insurtech industry. The company is recognized for pioneering digital transformation solutions that modernize traditional insurance services through technological innovation.
Operating a multi-platform digital ecosystem, Global Care links insurers, business partners, and collaborators with customers. The company has partnered with major Vietnamese insurers, including Bao Viet, Bao Minh, and PTI, and counts The Gioi Di Dong, Grab, ePass, and Ahamove among its strategic partners.
With the slogan “Best price, best service,” Global Care aims to provide insurance access to millions of Vietnamese citizens through its tech-driven solutions. The company currently issues over 1.5 million policies per month and has been honored with several awards for its contributions to advancing insurtech through the use of modern technology.
