discovermarket Marks Official Launch in the Philippines, Launches New Insurance Products with Globe

International insurtech firm discovermarket announces its launch in the Philippines, starting with its partnership with Globe Telecom Inc. - the leading full-service telecommunications company in the Philippines, to launch its embedded Personal Cyber Insurance product. 

Based in Switzerland with its regional headquarters for South-East Asia in Singapore, discovermarket provides embed
ded insurance solutions to over 200 million customers across diverse industries - including hospitality, agriculture, and telecommunications. 

While the Philippines has seen exponential growth in mobile and internet users and its digital economy, therein lies the rise of cybercrimes with an increase of such cases reported in the first quarter of 2024 alone, with 4,469 cases compared to 3,668 cases in the same period last year1.