Aug 28

Press Release: TerraPay and Deinon Risk Services announce a strategic partnership for offering fintech solutions to the insurance industry.

The current insurance market presents a significant challenge for buyers and sellers of insurance which in turn requires greater innovation, understanding and differentiated level of service. To address the requirements related to payments in the insurance business, TerraPay and Deinon Risk Services join hands to make the process of buying and selling insurance more convenient and efficient.

“We are very excited and pleased to announce an exclusive partnership between TerraPay and Deinon Risk Services”, said Mahmood Khairaz, Chairman at Deinon Risk Services. “This agreement offers our partners and clients a unique skill set and depth of resource and the TerraPay – Deinon solution will offer expertise and innovation in bringing fintech solutions to the insurance industry”, added Mahmood.

“As a licensed international payments infrastructure company, our goal at TerraPay is to assist our business clients in creating efficiencies in their payment collection and disbursement processes and enable the customer in making real-time, secure, and easy premium and claim payments”, said Ambar Sur, CEO at TerraPay. “The payments industry continues to evolve and we see a tremendous opportunity in leveraging our financial services experience in payments and offering it to the insurance sector”, continued Ambar.

About TerraPay:
TerraPay is a licensed digital payments infrastructure and solutions company helping connect diverse payment systems seamlessly to move funds in real-time. TerraPay’s investors include Prime Ventures, Partech Partners, the International Financial Corporation, and its founding team.
For more information, please visit terrapay.com.

About Deinon Risk Services:
Deinon Risk Services is a newly formed company, bringing highly experienced Risk, Re(Insurance), Finance, Data and Analytics and Technology professionals together who have been servicing the Aerospace (Re)Insurance Market from Africa to South East Asia for over a decade.
For more information, please visit deinons.com

Press Contact: Anwesha Mukherjee, +91-971-724-1606