Igloo highlights importance of democratizing access to device protection with Smart partnership

Key partnership furthers the insurtech’s goals in expanding access to innovative protection products in the Philippines

The partnership of Igloo and the Philippines’ largest mobile network furthers the insurtech’s mission to provide insurance for all–and this includes comprehensive and affordable device protection

There are 59.4 million smartphone users in the Philippines in 2024, a number that is expected to grow to 91 million by 2028

From consumer finance to e-commerce, Igloo continues to facilitate protection products tailored to the needs of Filipinos and Southeast Asians

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. 

Regional Insurtech Igloo Reveals How Gen Z Will Shape Insurance In The Coming Years

Igloo revealed the top five ways GenZ will shape insurance in the region.

The five trends changing the landscape are speed and convenience, personalization, social impact, emerging risks, and education and awareness.

Igloo analyzes demand data from strategic partners to identify emerging risks and trends in insurance.

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 born between 1996-2012) will shape insurance in the near future.

Gigacover, Generali partner to provide affordable health insurance for freelancers, entrepreneurs

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 Generali share the same vision and strategy of leveraging technology and making insurance more accessible to many people and varied industries. In an ever-changing world, the means to get insured also evolves. We will rely on our core strengths – Generali as a trusted, global insurance provider and Gigacover as a transformative platform – to provide Filipinos a more seamless and innovative approach to insurance,” Gigacover CEO and Co-founder Amerson Lin said.

Insurtech Gigacover appoints new PH Country Manager; partners with 800k-strong Upwork Pilipinas- Freelancers Community

Gigacover, a Singapore based insurtech company, recently appointed Philip Camil Gomez as Country Manager. Gomez will drive partnerships with various  stakeholders of Gigacover in the Philippines to expand 360-protection for Filipino individuals and businesses. 

Gomez has close to two decades of business experience in multiple industries and has worked in companies such as Convergys, Conduent, and Tech Mahindra. He is experienced in operations management, leadership development, marketing and sales, data analysis, quality assurance, and BPO vendor management. He has experience as well in management consultancy for start-ups, BPO’s and working with Fortune 500 companies. As Country Manager, Gomez will oversee Gigacover’s local business operations. 

Regional insurtech Igloo supports MSMEs through complete business protection with NegosyoCare

• Regional insurtech Igloo, GCash, and Malayan Insurance, introduce new insurance product for small businesses
• NegosyoCare is the first MSME insurance available in GCash that provides MSMEs comprehensive and accessible coverage for only P160 a month
• NegosyoCare is another addition to a growing line of insurance products through Igloo’s partnership with GCash

Across Southeast Asia, some 71 million micro, small, and medium enterprises (MSMEs) are driving the region’s economic recovery. These organizations also comprise almost all businesses across the region. While they form the backbone of the region’s economy, MSMEs are often the ones who are vulnerable to adverse macroeconomic conditions and unexpected events such as fire, accidents, and damages.

With this in mind, regional insurtech Igloo, in partnership with GCash and Malayan, launched NegosyoCare, an insurance product specifically designed to protect MSMEs. Igloo believes that insurance products catered to MSMEs can support inclusive and sustainable economic growth and employment for the country and Filipinos.

Gigacover: Bringing insurance closer to MSMEs through insurtech

Micro, small, and medium enterprises (MSMEs) comprise 99.6% of business in the Philippines, employing around 63% of the country's workforce. Despite its significant contribution to the economy, MSMEs often lack insurance, leaving both employers and employees vulnerable to risks in times of emergency. 

This is not to say that MSMEs do not care for insurance. A recent study by Manulife found 36% of small business owners in the Philippines found medical, health, or accident insurance a top priority among financial products. Entrepreneurs in this sector are interested in financial protection products but find them unaffordable and complex. 

Gigacover, a regional insurtech firm, shared insights on the fundamental ways technology can change traditional insurance for MSMEs, including tailored-fit digital policies that are more affordable and simple to use.