Singapore-based insurance-tech firm, Igloo, teams up with Philippines-based insurance broker Philpacific Insurance Brokers Inc. (Philinsure) to kick off with the digitization of the latter’s insurance products offering.

With a digital insurance penetration of less than 1%, the availability of insurance protection in the Philippines is largely offline which limits their reach, especially in these days of the pandemic. Igloo sees a lot of potential in driving this digitally to provide highly customized and relevant solutions to the consumers in the most accessible, scalable, and affordable manner.