KUALA LUMPUR: ProCap Insurance, a provider of capital insurance which insures the underlying fixed and current capital assets of enterprises and/or individuals, is taking the insurance industry by storm with its innovative business model that is the first of its kind in the industry.
According to a statement, ProCap Insurance Manila office will officially open this month.
Prior to this, ProCap Insurance had signed partnership agreements with partners in various different countries and will set up official agency offices in these respective countries.
All the regional partners strongly agreed that ProCap has a great business model and an experienced management team uniquely positioned to capitalise on the evolving insurance environment.
As the industry transits through consolidation and technological disruptions, ProCap’s avant-garde operating model is well-positioned to provide the most competitive and cost-effective products.
The amalgamation of ProCap, Policyholders and Gaming Operators seamlessly is an industry first with the company having tremendous growth potential to be an industry leader with this revolutionary business model.
They further emphasised that both the insurance and gaming industry have four critical success factors in common namely, Longevity; Sustainability; Law of large numbers; and Recession Proof.
Both industries have been in existence for more than 300 years. They have subsequently adopted and evolved with times and embraced technology to keep them competitive and stay relevant.
In addition, both industries thrive on large numbers or big data. By having large numbers, they are able to better manage risk pooling and risk sharing more efficiently and effectively, ensuring the interests of the policy holders are well covered and protected. – BERNAMA
