Asia:InsurTech firm introduces product insurance, joins hands with Shopee

InsurTech firm Cover Genius, whose insurance distribution platform protects the customers of some of the world's largest online companies, has announced the expansion of its product and parcel insurance and warranty products into Asia and a partnership with one of the region's leading ecommerce platforms, Shopee.

With the outbreak of COVID-19 in early 2020, an increasing number of consumers have turned to online e-commerce platforms as lockdowns and stay at home orders came into place. The number of online shoppers in Southeast Asia is expected to reach 310m by the end of 2020, with the e-commerce sector to be worth US$150bn by 2025.