PETALING JAYA, October 19 – Tune Protect Group (Tune Protect) and Credit Guarantee Corporation Malaysia (CGC) have entered into a strategic collaboration to introduce innovative digital insurance solutions tailored for Micro, Small, and Medium Scale Enterprises (MSMEs). This partnership represents a significant step in enhancing the accessibility of insurance products for MSMEs, reinforcing their businesses, and safeguarding the welfare of their employees, ultimately contributing to a more resilient economic landscape.
Tune Protect, a vertically integrated insurer with expertise in General and Life insurance, Reinsurance, and Insurtech solutions, has come together with CGC, a development financial institution renowned for providing guarantees and credit financing to MSMEs. The collaboration was formalized through a Memorandum of Understanding (MOU) signing ceremony held recently in Petaling Jaya. As part of this strategic alliance, Tune Protect will initially offer two of its specialized digital insurance propositions to MSMEs: SME Business Shield and SME EZY.
These tailored insurance solutions are designed to assist MSMEs in managing their business risks effectively while ensuring the well-being and health of their employees. Rohit Nambiar, Group CEO of Tune Protect, emphasized the vital role of SMEs in their business strategy, stating, With SMEs being a cornerstone of our business, our collaboration with CGC symbolizes our commitment to the growth and resilience of this vital community. This partnership amplifies our market footprint, ensuring insurance accessibility and empowering MSMEs with the knowledge to make informed decisions about their insurance coverage.
We look forward to the positive impact of the initiatives that will stem from this collaboration. Beyond insurance offerings, this collaboration places significant emphasis on knowledge sharing and capacity building as core pillars of support for the MSME community. This holistic approach aims to equip MSMEs with the tools and insights they need to navigate the complexities of risk management and insurance, ultimately fostering their growth and sustainability.
As both Tune Protect and CGC combine their strengths, this strategic collaboration is set to bring a host of innovative digital insurance solutions to Malaysia’s MSMEs, fostering their resilience and growth in an ever-evolving business landscape.
