Source: Fintech Global

At a recent press briefing, Mario Berta, Country Managing Director of Igloo Philippines, emphasized the company’s focus on the Philippines as a key growth market. “The Philippines offers solid potential for insurtech due to its low insurance penetration, with only three percent of the adult population currently covered,” Berta noted. This is in stark contrast to the robust growth of the domestic insurance industry, where total gross written premiums have surged by 64.3% over the last five years.

Igloo’s expansion in the Philippines is underscored by the company’s successful partnerships with leading insurance firms such as Etiqa, Malayan Insurance, PGA Sompo Insurance Corporation, and Mercantile Insurance.

Read full article: https://fintech.global/2024/08/19/insurtech-igloo-expands-footprint-in-the-philippines/