ASIA BUSINESS OUTLOOK9FEBRUARYNEWSROOMKOVERNOW LAUNCHES DIGITAL INSURANCE PLATFORM IN HONG KONG MARKETTo investigate new trade and investment prospects, the Ministry of Economy (MoE) and the Abu Dhabi Chamber of Commerce and Industry arranged a high-profile UAE-Argentina economic seminar in Abu Dhabi. The seminar united business executives and high-ranking government representatives from both nations.A prominent Argentinean delegation headed by Argentina's Foreign Affairs, International Trade, and Worship Minister, Gerardo Werthein, participated in the seminar, accompanied by Dr. Thani Bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), Chairman of the UAE Chambers, and Chairman of the Abu Dhabi Chamber.The new investment framework launched in Argentina, known as the Incentive Regime for Large Investments (RIGI), along with its benefits for foreign investors, were the central themes of the event held alongside an official visit by the country's foreign minister."According to Dr. Al Zeyoudi, during his speech at the event, Argentina stands as a key economic ally for the UAE, and he noted the considerable potential to boost trade and investment in industries that will define the future of both countries, emphasizing the UAE's dedication to strengthening economic relationships with Argentina and creating fresh investment avenues."Al Zeyoudi also took the opportunity to emphasize the UAE's business-friendly regulations, which, along with its advanced infrastructure, worldwide networks, and strategic location, offer Argentine firms an ideal basis for global growth. KoverNow, a digital insurer with its headquarters in Singapore, has formally entered the local market after receiving permission from the Hong Kong Insurance Authority (IA) to function as a licensed insurance agency. Following this clearance, the business released its digital insurance platform, allowing customers to utilize its iOS and Android mobile app to obtain coverage for luxury items and collectibles.While awaiting regulatory approval, KoverNow in Hong Kong has been preparing for its Hong Kong debut by forming alliances and developing a presence in the market, according to John Trotter, managing director."We are a fully licensed agency with the backing of expert insurance companies, so our customers can be sure that our policies will be suitable for their needs," he said.Customers can manage insurance for personal valuables like designer handbags, jewelry, and expensive watches via the KoverNow app. In order to enable policyholders to modify coverage as their collections grow, the organization provides a versatile digital platform.The growth of KoverNow is in line with general market trends, as insurers keep spending money on digitization to boost productivity and broker involvement.In addition to its direct-to-consumer business strategy, KoverNow is working with high-end stores via its Partner Program, which enables companies to present insurance choices to clients at the point of sale. By incorporating accidental damage, theft, and loss coverage into the shopping process, the project improves consumer protection without needing businesses to carry out intricate integrations. UAE-ARGENTINA ECONOMIC SEMINAR EXPLORES NEW TRADE AND INVESTMENT PATHS
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