InsurTech
Singlife Philippines Secures US$10.65 Million Funding to Push Digital Insurance
Singlife Philippines has recently enhanced its financial reserves through a P600 million (approximately funding from its principal backer, Singapore Life Holdings Pte. Ltd. This infusion is intended to bolster the company’s innovation and growth, with a particular emphasis on digital
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GCash Clarifies ‘Send Money Protect’ Insurance Feature Amid e-Seller Concerns
GCash, a mobile wallet service, recently addressed queries regarding its new insurance product, Send Money Protect, amidst concerns from online merchants. This feature, aimed at enhancing the security of money transfers, is focused on protecting users against online scams and
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GCash Rolls Out Fraud Insurance to Protect e-Wallet Transfers From Scams
Globe-backed fintech GCash has recently unveiled Send Money Protect (SMP), an in-app embedded insurance feature aimed at bolstering security for users’ money transfers against fraud. This development addresses growing concerns over mounting digital transaction scams in the Philippines. For PHP
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Oona Insurance Takes Full Ownership of Joint Venture in the Philippines
Insular Life and Oona Insurance group have announced a change in their business arrangement, with Insular Life selling its 40% stake in the Oona Insular Insurance Corporation to Oona Insurance, making it a fully owned subsidiary of the latter. Despite
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Tonik Rolls Out Insurance Product for Loan Borrowers
Philippines’ digital bank Tonik has tied up with life insurance company Sun Life Grepa Financial to launch Payhinga, an inclusive insurance product for loan borrowers. Payhinga will complement Tonik’s existing loan offerings and will be readily available to customers applying
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Globe and bolttech Offer New Device Protection Programme
Philippines telecoms service provider Globe and insurtech bolttech have launched a new programme that allows the former’s postpaid and platinum customers to switch their mobile devices easily, with no questions asked. The Gadget Xchange programme offers a variety of benefits,
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Fintech Alliance.PH Appoints New Insurtech Committee Chairman
Fintech Alliance.PH, the country’s largest association of fintech and digital players, announced that it has appointed Pru Life UK, President and Chief Executive Officer Eng Teng Wong as the Chairman of its insurtech committee. Wong will lead Fintech Alliance.PH’s role
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Insurtech in the Philippines: Could It Be The Answer To Agricultural Woes?
Agriculture is the primary source of livelihood for rural Filipino families and is considered the backbone of the Philippine economy. According to the latest Census of Agriculture of the Philippine Statistics Authority (PSA), the Philippines has 5.56 million farms/holdings covering 7.19 million
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Filipinos Embrace Insurtech at Home and Abroad
Did you know that only 3 % of the Philippines’ 113 million population have insurance? That’s a vast potential that is attracting more attention when coupled with their changing attitude to insurance thanks to digitalisation. This includes a better understanding
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GCash Partners With Generali Philippines to Roll Out More Insurance Packages
Philippines’ mobile wallet GCash has teamed up with Generali Philippines to offer four affordable insurance packages on GCash’s GLife feature. GLife is a lifestyle “mini app” within GCash that offers food, groceries, gadgets, fashion, beauty products, and now insurance to
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