discovermarket partners with Globe to offer cyber insurance

Insurtech discovermarket has entered the Philippine market through a partnership with Globe Telecom. The company will launch its first insurance product in the country through an embedded personal cyber insurance product, discovermarket said in a statement on Tuesday.

Source: Business World

“Having this partnership with Globe has been a great privilege for us… By providing a hassle-free and digital-first experience, we are able to help Globe provide innovative insurance products as a safeguard for their users,” discovermarket Chief Executive Officer and Founder Patrick Bühler said.

“As the digital presence of Filipino consumers continues to grow, it is crucial that there are comprehensive measures for everyone to be sufficiently protected from malicious cyberattacks.”

The partnership allows discovermarket to offer customers embedded insurance products that aim to deter cybercrime.

Mark Pasaylo, head and director of Globe Platinum, said the partnership will allow the telco to offer digital protection solutions to its subscribers.

“The new embedded CyberInsurance products demonstrate Globe’s commitment to ensure the safety of our subscribers’ online presence, giving them peace of mind when they go about their various activities on their smart devices,” said Mark Pasaylo, Head and Director of Globe Platinum.

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