29/03/2023 02:03 PM

KUALA LUMPUR, March 29 (Bernama) -- ProCap Insurance has announced expansion of its global reach and promotes the innovative development of the insurance industry with asset insurance as the effective solution.

Under current market conditions, consumers have a strong desire to preserve and/or increase the value of their assets, amid multiple crises such as the pandemic, persistent inflation and turbulent geopolitics which brought about insurmountable levels of risk.

According to Procap Insurance in a statement, assets insurance insures the underlying fixed and current assets of enterprises and/or individuals whereby in the event of accidental losses, the insurance company will provide compensation to the policy holder.

Investors can invest with peace of mind as ProCap will bear the risk for customers. ProCap Insurance, specialised in the asset insurance business, has product offerings to insure real estate, stocks, deposits, bonds, gold, foreign exchange and other assets.

In addition to providing traditional life insurance policies, ProCap Insurance has launched an innovative life insurance policy where the insured amount grows annually to meet its clients’ perpetual need for long-term protection and wealth accumulation.

Since its launch, ProCap's asset insurance products have been eagerly sought after in the market and by customers. The company intends to continue improving its product offerings and service quality, ensuring customers continue to be provided with accessible and affordable asset insurance solutions.

In February this year, ProCap held an event themed "Investing with a Peace of Mind, Our Commitment" in Hoi An, Vietnam to endorse and share the benefits of asset insurance.

During the seminar, ProCap introduced the features and advantages of its asset insurance products to partners and business leaders, enabling attendees to appreciate how asset insurance would serve their needs.

Additionally, the company provided complimentary on-site consulting and payout analysis services to empower attendees to achieve better financial planning and financial freedom.

The event attracted more than 100 partners from Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, the Philippines, South Korea, Taiwan, Thailand, Vietnam and other economies.


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