Photo - LivWell Asia
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LivWell Asia

A Wellness platform with a Micro Insurance provider

Vietnam
Market: Insurance, Blockchain
Stage of the project: Operating business

Date of last change: 11.06.2021
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Idea

LivWell Asia- A Blockchain-based Insuretech distribution platform now live in Vietnam with over USD 53K in revenue with 71K active users in the last nine months. Our vision is to make insurance accessible, rewarding, and low cost for Millennials, starting first with Vietnam and followed by India by Q3'21. Vietnam was our test market, and now we have started generating revenue. As proof of concept within Vietnam, we have formed a strategic partnership with Fitness & Lifestyle Group Vietnam-FLG (Owner of Barry's Bootcamp, California Fitness Vietnam, Jetts in Asia) and Allianz Worldwide Partners.

Current Status

71K Active users
7K LivWell Care Insurance policies sold
USD 140K+ of Premium generated
USD 53K of revenue

In the last 10 months.

Market

36 Mio Urban Vietnamese
Tier1/Tier 2

Problem or Opportunity

A) Wellness data doesn’t find its way into Insurance Underwriting
B) Insurance is boring, legacy product and sold by Agents, who are keen to sell only high margin/commission products.
Solution: Create an alternative distribution model which is cheap, self-service and direct

Solution (product or service)

Video Link (3 mins)
https://www.canva.com/design/DAEfmc1xjeo/Rbf2RnfT8qson3hppNwByA/watch?utm_content=DAEfmc1xjeo&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink

Ad Campaign Link with our partner California fitness (<1m.10 sec mins)
https://www.livwell.asia/partners.html

Competitors

Existing Life Insurance firms and Insurtechs in Vietnam like Quola, Prudential, AIA, Manulife.

Finance

Revenue: Insurance Distribution Commission and Corporate sales.

Team or Management

5,00
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Idea
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Finance
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