# Peak3

> Peak3 (formerly ZA Tech) is a Singapore-headquartered insurtech that builds cloud-native, AI-ready core software for the insurance industry. Its modular platform - spanning policy administration, distribution, claims and orchestration - lets insurers, MGAs and brokers launch and run life, health and property & casualty products across many markets. Founded in 2018 out of Chinese insurtech ZhongAn and rebranded to Peak3 in 2024 alongside a US$35M Series A led by EQT, the company powers global insurers such as AIA, Generali, Prudential and Zurich, and embedded-insurance programs for digital platforms including Grab, Klook, Lazada and PayPay. Its software has supported over a billion policies across 20-plus countries.

- **Founded:** 2018
- **Headquarters:** Singapore
- **Founders:** Bill Song (CEO & Co-Founder), Ng Bin Hong (Co-Founder)
- **Team size:** ~500-600 employees
- **Products:** Graphene, Fusion, Agentic AI, Embedded insurance enablement
- **Notable:** Rebranded from ZA Tech to Peak3 and closed a US$35M Series A led by EQT with Alpha JWC Ventures (2024)., Software has supported over a billion insurance policies (some sources cite two billion)., 50+ insurance partners across 20+ countries.

## Products & services

- **Graphene** — Cloud-native, AI-ready insurance core platform covering policy administration, product configuration, pricing, servicing and claims for life, health and P&C insurance.
- **Fusion** — Scalable insurance orchestration platform that connects distribution channels, partners and back-end systems through open APIs and workflow automation.
- **Agentic AI** — Native and embedded AI platform with agents for conversational service, intelligent document processing (IDP), assessor and triage, agentic claims and medical underwriting.
- **Embedded insurance enablement** — Tooling for digital platforms to build, launch and scale embedded and parametric insurance across multiple markets and channels.

## Achievements

- Rebranded from ZA Tech to Peak3 and closed a US$35M Series A led by EQT with Alpha JWC Ventures (2024).
- Software has supported over a billion insurance policies (some sources cite two billion).
- 50+ insurance partners across 20+ countries.
- Won Top Initiative InsurTech Startup Award at ITC Asia Awards (June 2025).
- Named among the world's most innovative insurtech companies.
- Spun out of ZhongAn, backed early by SoftBank Vision Fund.

## Latest updates

- **2024-06** — ZA Tech rebrands as Peak3 and raises US$35M Series A led by EQT with Alpha JWC Ventures.
- **2024-08** — Peak3 and Lazada launch a digital insurance joint venture, rolling out products across six Southeast Asian countries.
- **2025-06** — Peak3 wins Top Initiative InsurTech Startup Award at ITC Asia 2025.

## Links

- Website: https://peak3.com
- LinkedIn: http://www.linkedin.com/company/peak-three
- Facebook: https://facebook.com/za-tech-concepts-351841102074969

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Profile page: https://yespress.io/peak3-formerly-za-tech
Published by YesPress — https://yespress.io
Last updated: 2026-07-25