Pand.ai, an AI solutions provider for financial institutions, has spun off a new company called Pangentic.

The AI-native insurtech, a wholly-owned subsidiary of Pand.ai, will focus on its AI-powered insurance broker GINA.

The new venture is backed by Zheng Yudong, the former CEO of MariBank.

Pangentic will take GINA, which is currently active in the Singapore market, to a global audience.

The GINA platform is an AI-first insurance broker that uses AI to provide transparent pricing and intelligent recommendations.

It has been noted for its high conversion rates, with over half of quotes converting into purchases in Singapore.

Additionally, roughly a third of GINA users come from referrals.

Chuang Shin Wee, Founder of Pand.ai and Pangentic, said,

“GINA proves the power of an AI-native approach of delivering value at scale with capital efficiency. With Pangentic, we’re taking GINA to overseas markets.”

Zheng Yudong, Lead Investor and former CEO of MariBank, added,

“What impressed me most about GINA is how it has combined deep insurance expertise with AI-driven efficiency to achieve results that most insurtechs struggle to match, even with far larger budgets.

Pangentic represents the next stage of this journey, and I am excited to support the team as they bring this proven model to international markets.”

Featured image: Edited by Fintech News Singapore, based on image by mkmult via Freepik