Bloom Announces New Partnerships with 3 Microinsurance Services Providers in Hong Kong

Startups work together to bring more synergies to each other

Hong Kong-based technology startup Bloom has announced that it has formed partnerships with three separate microinsurance services providers. The insurance startups named are ZA Insure Select, YAS Microinsurance and Avo Insurance.

Bloom is a web 3.0 spend-to-earn rewards platform that enables any Hong Kong bank issued Visa cardholders to earn Bloom Coins[1] with every purchase made globally. With this simple spend-to-earn process, members can redeem their Bloom Coins for over 18 (eighteen) different types of cryptocurrencies (including but not limited to Bitcoin and Ethereum), non-fungible tokens (NFTs), as well as merchant offers and coupons.

With these new, burgeoning relationships, Bloom will be able to open a new section and offer insurance related products and services from all three microinsurance services providers.

Products to be on boarded onto the app include:

Free Mobile Screen Protection products from ZA Insure Select
Discounts from YAS:
– HK$15 off of HYKE insurance for hiking
(Original Price – HK$75 per 5 trips)
– HK$5 doff of RYUN 500 km Running Insurance
(Original price – HK$50 per 500 km)
– HK$20 off of any FLY travel Insurance purchase
Discounts and Deals from Avo Insurance
– 35% discount on Domestic Helper Protection plan
(including lite & plus, 1 year & 2 years plan)
– 40% off of the eWallet Protection mini
– 20% off of Child Vaccination Protection
– AvoDynamics Sports Protection Day Pass gift card for HK$16

The new partnerships formed between Bloom and these microinsurance services providers can be characterized as mutual support being fostered between startup ventures banding together to increase their synergy and grow exponentially faster.

Essentially, registered Bloom app users will be able to redeem their Bloom Coins for a voucher with a coupon code. That code can then be used on the relevant microinsurance company website for the specific discount deal or offer.

To accelerate the adoption, new Bloom members can be rewarded with Bitcoin valued at USD2 by linking any Visa card to the Bloom app[2] globally. Additionally, they will also be able to receive extra Bitcoin valued at USD2 by making a transaction of any amount at selected online or offline merchants in Hong Kong3.

Remarks:

  1. Visa card users will get a 2% instant Bloom Coin rebate by becoming a Bloom member, linking any Visa card to the Bloom App, and spending with the same card for any amount. The offer is applicable to all eligible transactions with any online or physical merchants around the world. The rebates will be directly credited to the Bloom App for unlimited times. Members can get a maximum of 20 Bloom Coins from each transaction.
  2. Bitcoin will be directly credited to a member’s cryptocurrency account in the Bloom App. Terms and conditions apply.
  3. Bitcoin will be directly credited to a member’s cryptocurrency account in the Bloom App. Terms and conditions apply.

About Bloom

With an objective to upgrade user experience with technology powered by Visa, Bloom is a reward program that supports rebates in cash and digital assets such as cryptocurrency and NFTs for any Visa card holders. It aims to help consumers build a simplistic yet trendy lifestyle. Driven by the symbolic meaning of “recovery” and “prosperity”, Bloom seeks to boost national economies by bringing a new and refreshing blossoming to the retail industry through its open platform.

About ZA Insure Select

ZA Insure Select is a digital-only insurance platform which strives to break the time and wealth constraints on insurance products. It brings the needs of users back into focus and helps them obtain the most suitable protection at a most reasonable cost. ZA Insure Select is dedicated to providing a user experience that is simple, fast, and accessible through its 24/7 online platform from quotation, underwriting to claim.

About YAS Microinsurance

Yas Microinsurance (YAS Digital Limited) is an Asia-Pacific InsurTech company headquartered in Hong Kong with operations in Vietnam and Malaysia. Applying blockchain and InsurTech, YAS has created a number of on-demand insurance trends in Asia, including insurance for hiking, cycling, transport, and the world’s first NFT insurance. YAS is committed to reshaping insurance for new generations through the use of technology. As the pioneer of microinsurance in Asia, YAS was selected as the 2021 Deloitte Hong Kong Rising Star.

About Avo

Avo Insurance (Avo) is Hong Kong’s first virtual general insurer, combining advanced technology and decades of expertise from its parent company, Asia Insurance. It aims to make insurance a simple and enjoyable experience, with products specifically catered for everyday scenarios accessible anywhere digitally, living up to its motto “live a fruitful life”.

Related Articles

Shopping Cart

Media Kit

    Data Protection

    The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  [contact-form-7 404 "Not Found"]