Igloo expands footprints in the Philippines
The insurtech firm facilitated 60 million protection plans in the country.
Insurtech Igloo has expanded its footprints in the Philippines, building partnerships with insurance firms like Etiqa, Malayan Insurance, PGA Sompo Insurance Corporation and Mercantile Insurance.
Igloo has decided to expand its reach in the country, banking on the Philippines’ tech-savvy population and its low insurance penetration rate, partnering with local insurance firms.
Most recently, Igloo partnered with Etiqa and Shopee which saw the introduction of Cracked Screen Protection and Electronics Protection Plans for over 73 million visitors on the Shoppee Philippines platform.
The insurtech company has also cemented its successful partnership with e-wallet provider GCash and now offers a suite of microinsurance protection plans– Online Shopping Protection, Gadget Insurance and Pet Insurance – to GCash’s 60 million users.
“Insurance partners are increasingly looking at how to digitalize their internal processes and distribution channels. This is where Igloo comes into the picture. We offer insurers a plug-and-play solution for distributing insurance products via the platforms of big tech players in the Philippines and the region,” Mario Berta, Country Managing Director of Igloo Philippines said.
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