Embedded insurance expert EIP and third-party administrator Nexacore have partnered in southeast Asia to launch electronic device protection and extended warranties through a single proposition.

UK-based EIP CEO Ross Sinclair says insurers and retailers are often forced to “stitch together” multiple providers across technology and administration.

“They increasingly want partners that can help them move quickly through an all-in-one approach,” he said. “By combining Nexacore’s reach in southeast Asia with EIP’s technology and expertise, we’re creating a practical route for clients in the region to launch robust device protection and warranty programs at scale.”

Nexacore, founded in 2024, has branches in Australia, Singapore and Malaysia.

CEO Melanie Hawgood says Asia-Pacific’s electronic gadget insurance market is forecast to grow almost 14% a year until 2030.

“There’s a clear gap for an end-to-end solution ... We are pleased to be bringing together complementary capabilities from two different regions to build a broader, stronger proposition,” she said.

Nexacore says teaming with EIP, which counts Chubb and Vodafone among its customers, will help insurers reduce launch complexity and embed protection more effectively.