MANILA, Philippines, March 18, 2024 – For most people, understanding insurance boils down to the four most common types: life, health, auto, and long-term disability. While awareness of insurance importance is increasing, the aforementioned traditional insurance products are failing to resonate with many people due to various reasons including affordability, accessibility, and relevance. These factors …
Southeast Asia's insurance sector is undergoing a massive transformation to keep up with evolving market demands and maintain competitiveness. In the Philippines, where insurance penetration is at a mere 1.68%, the industry is grappling with persistent challenges such as complexities, outdated systems, and regulatory hurdles. However, amidst these obstacles, the industry is forging ahead with innovation and modernization with insurtechs emerging as crucial drivers of this change, fueling efficiency enhancements and elevating customer experiences.
Manila, September 7, 2023: Sun Life Asia Service Centres (ASC), a microcosm of the global insurance and asset management leader Sun Life, repositions itself as Sun Life Global Solutions. The strategic move aims to advance the organization’s value proposition and further its journey in close collaboration with Sun Life's business groups. The new name Sun …
Manila, Philippines, 14 September 2023 - Igloo, a regional insurtech providing people-first and simple insurance solutions, is leveraging upcoming technologies like blockchain and AI to protect underserved segments across Southeast Asia against emerging risks and needs. As part of its mission to provide “Insurance for All,” Igloo unveils how Gen Z (which McKinsey defines as people …
Continue reading Regional Insurtech Igloo Reveals How Gen Z Will Shape Insurance In The Coming Years
MANILA, PHILIPPINES – While we can't always predict what lies ahead, having insurance coverage can provide a safety net when unexpected events occur. From delayed flights to medical emergencies, understanding the process of making insurance claims is essential for turning setbacks into manageable situations. With a goal of “Insurance for All”, Igloo has made it its …
MANILA, PHILIPPINES – Insurtech Gigacover and Generali Philippines, a leading player in the insurance industry, have teamed up to further democratize access to insurance in the Philippines. With the partnership, Generali will be able to feature its wide-range of insurance products that are tailor-fit to the needs of Filipino consumers in Gigacover’s platform. “Gigacover and …
MANILA, PHILIPPINES - Filipinos adore having pets. With 79% of Filipinos being pet owners, it’s no surprise that they find joy in taking care of animals, whether they're of the feathered, furred, or even scaled kind. But beyond the joy of companionship and protection, pets offer a multitude of health benefits, including increasing opportunities to exercise and socialize and even …
Continue reading Tips for new and seasoned pet owners on how to keep happy, healthy pets
MANILA, PHILIPPINES – Filipinos love to shop online–a recent report by data and analytics firm GlobalData showed that nearly 90% of Filipino consumers have shopped online in the last six months. This has put the growth of the e-commerce market at 31.3% in 2022 and is expected to grow by 22.9% and reach a value …
Continue reading Protecting your “budol” finds: How insurance plays a role in e-shopping
MANILA, PHILIPPINES– The long, hot days of summer are finally here and if you’re one of the many who’s up for travel and adventure this season, there are many fascinating tourist and vacation spots around the country you can add to your bucket list. A recent study by travel and experience platform Klook noted that 87% of …
In the first two months of 2022 alone, the Bureau of Fire Protection (BFP) announced that fire incidents have already increased by almost 13% compared to the same period last year. In addition, back in 2020, data from BFP also showed that open flame due to torch, unattended cooking, and electrical connections are the main …
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