Enterprise tech news and intelligence in the Philippines
Manulife and Chinabank are strengthening their bancassurance partnership as their joint venture, Manulife China Bank Life Assurance Corp. (MCBL), records double-digit year-on-year growth. The companies renewed their agreement in 2025,…
Filipinos are looking for ways to remain independent as they age, but growing caregiving responsibilities and the rising cost of future care are making that harder, according to the Manulife…
PhilFirst has partnered with AI-enabled insurtech platform ProTech to digitize how insurance is sold, managed, and serviced in the Philippines, making it easier for consumers to buy and use insurance…
Manulife Philippines and Manulife China Bank Life (MCBL) introduced an investment-linked insurance product that combines critical illness coverage, life insurance, and long-term savings, as healthcare costs continue to rise in…
Malayan Insurance Co., Inc., a non-life insurance provider, now allows customers to pay insurance premiums in 0% interest installments, to make coverage more affordable for Filipinos. The new payment option…
Regional insurtech Igloo has partnered with motorcycle ride-hailing platform Angkas to provide personal accident and medical insurance to more than 20,000 riders in the Philippines. Under the partnership, Angkas riders…
Regional insurtech company Igloo plans to move to an AI-powered model by 2026, placing artificial intelligence at the center of its operations to help address long-standing issues in Southeast Asia’s…
Malayan Insurance Co., Inc. (Malayan) has received a reaffirmed Financial Strength Rating (FSR) of B++ (Good) from AM Best for the 21st consecutive year. The insurer also holds a Philippines…
Manulife Philippines and Manulife China Bank Life (MCBL) have launched Manulife GoalReady, a peso-denominated variable unit-linked (VUL) insurance plan designed to help customers plan for their future with flexible payment…
A new report from the Open and Embedded Insurance Observatory and discovermarket, a digital insurance platform, shows that 60% of online shoppers are more likely to complete a purchase when…
Manulife Philippines and China Banking Corp. (Chinabank) have extended their long-term partnership through Manulife China Bank Life Assurance Corp. (MCBL) for another 15 years, continuing their joint effort to offer…
Insurer Manulife Philippines and Manulife China Bank Life (MCBL) have brought back Wealth Guarantee, a single-payment insurance product that helps customers grow their money over seven years. Available only for…
Insurance company Pru Life UK is bringing its Adopt-a-Madrasah program to more Muslim communities in Mindanao, strengthening its commitment to financial inclusion through its Takaful initiative. The program’s learning modules…
Maagap Insurance Inc. has become the first non-life insurance company in the Philippines to sign the Principles for Sustainable Insurance (PSI) of the United Nations Environment Programme Finance Initiative (UNEP…
Pru Life UK maintained its position at the top of the Philippine life insurance industry in 2024, reporting a New Business Annual Premium Equivalent (NBAPE) of ₱9.8 billion, according to…
A 2024 study by Manulife Philippines found that many Filipinos remain financially unprepared for medical emergencies, with 41% relying on out-of-pocket expenses.
Igloo is also strengthening existing collaborations to support its embedded insurance and sales intermediaries business lines.
Insurer Pru Life UK has sustained its leadership in the Philippine life insurance sector, achieving the highest New Business Annual Premium Equivalent (NBAPE) in the third quarter of 2024. The…
Filipinos are increasingly combining vacations with concerts, creating a growing trend in music tourism. To support this, finance app GCash offers a range of services to make travel and payments…
As the holiday season approaches, Igloo, a regional insurtech company, is helping shoppers protect their valuable gifts with simple insurance solutions. Working with e-commerce platforms and insurance underwriters, Igloo provides…
Insurer Pru Life UK received the Philippines’ first Takaful license, boosting financial inclusion for the country’s Muslim population. Granted by the Insurance Commission, the license allows Pru Life UK to…
MPT DriveHub, a travel companion app, now offers Compulsory Third-Party Liability (CTPL) insurance, making it easier for vehicle owners to meet legal requirements and stay safe on the road. CTPL…
Insurance company EastWest Ageas has introduced its latest offering, the Life Advantage plan, designed to provide Filipinos with insurance protection and guaranteed income payouts. This new plan aims to address…
A recent survey by insurer Manulife reveals that Filipinos are increasingly focused on securing their financial, physical, and mental well-being. The 2024 Manulife Asia Care Survey shows that while many…
The microinsurance industry in the Philippines has gained traction due to its affordability, accessibility, and the rising need for financial protection against unexpected events. Patrick Bühler, Group CEO and founder…
Regional insurtech company Igloo has outlined strategies for insurers aiming to attract Gen Z and increase insurance penetration in Southeast Asia (SEA). The challenge, particularly in the Philippines, lies in…
Igloo, a regional insurtech company, has launched its digital platform Ignite in the Philippines, marking the third anniversary of the app. Ignite is designed to help insurance sales intermediaries or…
AXA, a global insurance and investment firm, recently announced that Ayman Kandil will take over as the new president and CEO of AXA Philippines starting Oct. 1, 2024. Kandil, who…
To boost the resilience of micro, small, and medium enterprises (MSMEs) in the Philippines, regional insurtech company Igloo, in partnership with Growsari, a B2B MSME enabler, has launched the Personal…
Life insurer Pru Life UK has rolled out its latest insurance product, PRULifetime Income, designed to provide guaranteed annual payouts and enhanced financial protection. This new offering aims to deliver…
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