Insurtech seen to help improve insurance penetration in the Philippines

Fintech firms target to help increase insurance penetration in the country through microinsurance products offered through online channels or insurtech. Insurtech firm Igloo Country Manager Mario Berta said in a webinar on Wednesday that they primarily offer granular insurance coverage through its distribution platform partners, including GCash, Etiqa Life and General Assurance Philippines, Inc., Shopee, foodpanda, and Cashalo, among others.