Source: Deal Street Asia

The company will use the fresh funds to transform health protection into an end-to-end health service model (Prevention to Protection Integrated). The vision will be realised through the launch of health memberships for individuals and groups, which provide comprehensive health solutions in a single subscription, the company said in the statement.

Rey continues to pioneer innovation in healthcare, primarily aimed at the sustainability of health insurance and financing. Some of them are a generative AI-based expert system and electronic medical records (EMR) for health claims and underwriting.

Evan Tanotogono, CEO and co-founder of Rey, said, “At Rey, we’ve built a holistic health ecosystem, from telehealth as primary care, claim adjudication, and care management to fitness features focusing on user wellbeing and claim optimisation. These aspects have never been a priority for conventional TPA models.”

“We believe that providing health protection can be sustainable if the insurer is not at a loss. We also believe it’s impossible to solve the problems faced by health insurers without innovating in the field of health service technology itself,” he added.

Read the full article: https://www.dealstreetasia.com/stories/indonesian-insurtech-rey-funding-413826