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AIFT and Shin Kong Life Forge Strategic Partnership to Enter Vietnam’s Digital Insurance Landscape
AIFT and Shin Kong Life, under the leadership of Shin Kong Life Taiwan Chairman Mark Wei, are pleased to announce the signing of a strategic cooperation agreement today. This partnership signifies a joint commitment to transform Vietnam’s digital insurance market through AIFT’s IXT modern digital insurance capabilities alongside Shin Kong Vietnam Co., Ltd. (Shin Kong Vietnam) and their robust local distribution channels and operational expertise, hence, creating a pioneering hybrid insurance ecosystem.
The collaboration began with AIFT’s involvement with the FinTechSpace Taiwan, an initiative supported by the Taiwan Financial Regulatory Commission. Under the mentorship of Chairman Mark Wei, both parties have developed a strategic collaboration in entering Vietnam’s digital insurance space, initially targeting Taiwanese enterprises & individuals, with the aspiration to also meet the insurance needs of local Vietnamese and broader Southeast Asia in later phases.
AIFT brings its cutting-edge digital insurance SaaS system, IXT, to the partnership. Featuring a modular architecture, open integration, and automated rule engine, IXT is designed to swiftly adapt to local market requirements by building insurance workflows, enhancing policy admin efficiency and customer experiences. The synergy between IXT’s digital-first functionalities and Shin Kong Vietnam’s market acumen will bring the vision of a seamless O2O (online-to-offline) digital insurance service model to life.
At its debut, Shin Kong Vietnam has joined hands with PetroVietnam Insurance (PVI), the market leader in General Insurance in Vietnam, to launch personal protection products including car, travel and health insurance. Leveraging IXT core’s low-code product templates and workflows, Shin Kong Vietnam is launching its business with a digital insurance application journey which was built from scratch within 3 months, aiming to introduce more scenario-based, commercial as well as group insurance products later. Shin Kong Vietnam also plans to further collaborate with Dai-Ichi Life Vietnam Branch.
Under this cooperation framework, AIFT and Shin Kong Vietnam has selected Chunghwa Telecom Vietnam Subsidiary as its strategic partner for data center and cloud infrastructure services to expedite localization deployment and ensure cybersecurity standards. This tri-party collaboration is a stellar example of cross-border synergies between Taiwanese and Vietnamese enterprises in shaping a new digital insurance landscape to better serve different customer segments.
Mark Wei, Chairman of Shin Kong Life stated: “Shin Kong Life has been actively seeking innovative partners with technical capabilities and market experience. AIFT not only possesses a highly flexible technical platform but also the capability to establish operations in the Vietnamese market. We believe this cooperation will mark an important step in the internationalization of Taiwan’s insurance technology.”
Michelle Ip, CEO of AIFT Enterprise stated: “As a tech enabler, we have always believed insurance could be made simpler, more accessible, and closer to life through technology adoption and innovation. AIFT aims to connect insurers with offline and online digital players to create an unprecedented digital ecosystem. AIFT will continue to cultivate the Southeast Asian market and work with partners like Shin Kong Life, which possesses deep operational experience, to drive innovation. We are honored to become Shin Kong Life’s strategic partner and jointly create a new generation of digital insurance paradigm.”
This collaboration marks a significant milestone in the international expansion of Taiwan’s financial technology innovation. It also sets the stage for continued partnership with Shin Kong Life to promote Taiwan’s digital insurance solutions across Southeast Asia markets, fostering the development of competitive, scalable, and regulation-compliant insurtech models.
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The World Life Insurance Report 2026, conducted jointly by the Capgemini Research Institute and LIMRA, shows that even though 68% of adults under the age of 40 see life insurance as essential for a healthy financial future, current offerings do not align with their financial priorities, hindering adoption.
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