Insurance Business Asia

GCash partners with Igloo to provide online shopping insurance for users

GCash has launched an online shopping insurance with Singapore-based insurtech Igloo to add another layer of protection for its customer base of 46 million.

The surge in online transactions is apparent amid the Philippines’ prolonged lockdown. GCash has over 13 million log-ins daily, peaking at almost 15 million users in the second quarter of 2021. The app is expected to hit PHP 3 trillion in gross transactions soon –thrice its performance last year.