Gigacover

Modular insurance software and embedded programs for gig platforms, MSMEs, and digital distribution

Distribution & Sales Growth Seed

Overview

Gigacover is an embedded insurance and modular software platform provider serving gig economy platforms, MSMEs, and insurance distribution partners across Southeast Asia. Founded in 2017 by Amerson Lin and Cheng Xun, the company focuses on delivering insurance programs integrated directly into business operations, enabling operators to protect their workers and customers without relying on legacy system integrations.

The company offers two distinct product lines: direct insurance programs for gig workers (income protection, work injury compensation, motor excess reduction) and a no-code software platform that allows insurers and distribution partners to launch branded insurance products within two to four weeks. The software platform includes built-in underwriting, KYC, claims automation, and an AI-powered assistant trained on policy wordings to handle pre-sales and claims inquiries.

Since launching in 2018, Gigacover has grown to serve over 130,000 users with more than 1.2 million policies issued. The company raised a USD 5.49M seed round led by Quest Venture Partners, OMVC, and Alto Partners, and counts Gojek Singapore among its earliest and largest distribution partners.

Products & Services

Gigacover Software Platform

A no-code, modular insurance platform enabling insurers and distributors to deploy branded retail microsites with complete insurance infrastructure in two to four weeks.

Key Features

Pre-built products, pricing, underwriting, KYC, and fulfillment with no external integration dependencies
AI-powered assistant trained on policy documents delivering measurable uplift in conversion and engagement
Open APIs for third-party integrations
Cloud-native, open-source technology stack

Target Users: Insurers, MGAs, affinity distribution partners, gig platforms

Freelancer Earnings Protection (FLEP)

Daily income replacement coverage for gig economy workers, providing up to 21 days of medical leave and 84 days of hospitalization coverage. Originally developed in partnership with Gojek Singapore, covering ride-hailing and food delivery workers with SGD 80 per day.

Target Users: Gig workers, platform operators

Platform Work Injury Compensation

Work injury coverage meeting mandatory regional regulatory requirements including Singapore's Work Injury Compensation Act (WICA). Covers platform workers for work-related accidents and injuries.

Target Users: Gig platforms, MSME operators

Collision Damage Waiver

Fleet-focused insurance product reducing financial risk for vehicle operators and ride-hailing platforms while generating additional revenue streams for fleet operators.

Target Users: Fleet operators, mobility platforms

Digital Risk Protection

Cyber and fraud protection products for businesses and insurance operators.

Target Users: Businesses, insurance operators

At a Glance

Founded: 2017
Headquarters: Singapore
Employees: 11-50
Funding: Seed

Category & Focus

Category: Distribution & Sales
Subcategories: Embedded Insurance MGA Platforms Gig Economy Insurance
Insurance Verticals: P&C Personal P&C Commercial Workers Compensation Health
Target Customers: Carriers, MGAs/MGUs, Employers, Consumers