DiscoverMarket

Embedded insurance technology platform for digital distribution and end-to-end policy operations

Distribution & Sales Growth Bootstrapped

Overview

DiscoverMarket is an embedded insurance distribution platform serving non-insurance businesses -- including fintechs, telcos, banks, and retailers -- that want to offer insurance products to their customers across Southeast Asia, Europe, and Latin America. Founded in 2021 and headquartered in Singapore, with additional offices in Switzerland, Portugal, and Vietnam, the company provides the infrastructure layer connecting insurers, distributors, and end customers through a single modular platform.

The platform addresses the full product lifecycle from no-code product configuration through policy issuance, claims handling, and performance analytics. It is delivered via REST API, SDK, widget, or white-label microsite, following MACH architecture (Microservices, API-first, Cloud-native, Headless) to support multi-market, multi-currency, and multi-regulatory deployment. Infrastructure runs cloud-agnostic across AWS, Azure, and GCP, with ISO 27001 certification and GDPR-compliant data handling.

DiscoverMarket has participated in the Lloyd's Lab program and reports reaching 200+ million end-customers globally through its distribution partners. Notable deployments include Globe Telecom in the Philippines for embedded Personal Cyber Insurance and a Brazil market entry in late 2024. The company received two awards at the Insurance Asia Awards 2025 and double wins at the 28th Asia Insurance Industry Awards in 2024.

Products & Services

Product Studio

No-code configurator for designing, configuring, and launching insurance products without changes to existing core systems.

Key Features

Build, test, and launch new products in days rather than months
Supports multiple markets, currencies, and regulatory requirements
Create and manage tailored product variants per brand, region, or partner channel
Pre-built product structures for faster time-to-market

Target Users: Insurers and MGA partners launching embedded products

Distribution & Integration

Multi-channel delivery layer for embedding insurance into third-party digital customer journeys.

Key Features

Omnichannel distribution: embedded, direct-to-consumer, or advisor-assisted
Flexible integration via API, SDK, widget, or white-label microsite
Customizable white-label customer journeys to match partner branding
Compatible with fintech wallets, BNPL platforms, challenger banks, and super-apps

Target Users: Fintech companies, banks, telcos, and digital platforms distributing insurance

Policy Management

Automated policy administration layer handling issuance, adjustments, and renewals.

Key Features

Real-time policy activation upon purchase
Automated notifications to customers and business stakeholders
Flexible handling of changes, cancellations, and renewals

Target Users: Insurers and distribution partners requiring policy lifecycle automation

Claims Handling

AI-assisted claims orchestration connecting insurers, partners, and policyholders.

Key Features

Pre-configured adaptive claim workflows
Encrypted document upload and storage
Real-time claims status tracking via dashboards and APIs

Target Users: Carriers and distribution partners managing embedded insurance claims

Data & Performance Insights

Analytics and reporting module for tracking distribution performance and product engagement.

Key Features

Custom dashboards with real-time performance metrics
Automated and on-demand reporting
Support for parametric insurance models using satellite imagery and AI analytics

Target Users: Insurer and partner operations teams monitoring embedded insurance programs

At a Glance

Founded: 2021
Headquarters: Singapore
Employees: 11-50
Funding: Bootstrapped

Category & Focus

Category: Distribution & Sales
Subcategories: Embedded Insurance API Distribution Platform Policy Administration
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S Health
Target Customers: Carriers, Brokers, MGAs/MGUs, Agents/Agencies, Consumers