Slice and SOMPO release on-demand travel product in Asia

Woman using travel app

The new pay-per-use travel product brings together advanced financial services, payments and insurance platforms for Thailand’s cashless society

Slice Labs Inc., an on-demand insurance platform, and Sompo Holdings (Asia) Pte. Ltd. (SOMPO) have released an enhanced version of the travel insurance product TravelJoy in Thailand using social distribution through the LINE LIFF platform, making on-demand trip protection services available to 44 million LINE users in the country.

TravelJoy will include life and medical, flight delay/cancellation, and baggage/belongings coverage

“SOMPO’s partnership with Slice and relationship with LINE blend a common commitment to introduce more convenient and user-friendly digital services that best aid Thailand’s increasingly cashless society,” commented Patrick Chin, Head of Digital and Branding, Asia Pacific at SOMPO. “We believe in meeting customers where they are at with innovative technologies that support their lifestyles. Slice ICS is an incredible asset that has positioned SOMPO to develop and implement a progressive product solution within a short timeframe.”

Sompo Insurance Thailand (Sompo Thailand) CEO Chayanna Siripirom echoed: “More than 90 per cent of Thailand’s mobile internet users are using LINE commercially and socially. Now that TravelJoy is made available on our very own LINE OA, we can offer better services and solutions to our customers, as well as reach out to a larger market.”

TravelJoy will include life and medical, flight delay/cancellation, and baggage/belongings coverage. As part of the offering, Slice ICS will integrate with pan-Asian payments provider 2C2P, which serves 620 million banked and unbanked Southeast Asia customers. Available in English and Thai, the TravelJoy product is purchased via Sompo Thailand’s Official LINE Account, which reportedly takes under three minutes and costs 500 Thai baht (US$16) for the average customer.