According to Shazy Noorazman, Chief Executive Officer of Ouch!, insurance can be more accessible than ever before
“We should always be prepared for rainy days, and with the pandemic having devastating effects on people’s lives, I believe there’s no better time to educate ourselves on the importance of insurance,” he shared.
“With our platform, we hope that Malaysians will be more confident in insurance to protect their assets and their future instead of being intimidated by it,” he added.
Also, as 60% of Malaysians are either under-insured or uninsured at all, Ouch! aims to solve that by making the insurance purchasing process as simple and fuss-free as possible
“Our research has shown that many people, especially youth and fresh graduates, are intimidated by the complicated terms and policies when purchasing insurance. Thus, we decided to make the experience as pain-free as possible, which also happens to be our tagline!,” Shazy said.
With that said, Ouch! is confident that they’ll be able to provide Malaysians faster and easier access to comprehensive healthcare coverage.
“We’re trying to change the landscape by placing more emphasis on the customers and empowering them to take control of their insurance plans. Something as essential as insurance shouldn’t be confusing and should be as simple and straightforward as possible lest we turn off customers from one of the most necessary purchases in life,” he further explained.
That’s why with Ouch!, customers can choose and buy from 5 insurance categories - medical, life, travel, motor, and home with curated insurance options. All of these can be done within 5 minutes.
Moving forward, Ouch! is planning to revamp the apps and something big in early April 2021 that could change how people view and treat insurance. Not only that. They will also raise pre-Series A funding later this year.
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