Insurer, PLDT subsidiary ink deal targeting OFWs

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INSURANCE technology (insurtech) start-up Kwikinsure Corp. announced it has signed an agreement with PLDT Global Corp. targeting overseas Filipino workers (OFWs) for insurance products to be sold via the latter’s mobile application.

The insurtech said it expects the partnership to expand the user base of its mobile app called “Free Bee.” According to Kwikinsure, the app has been downloaded more than one million times in 200 countries.

“This partnership with PLDT Global allows us to reach more Filipinos and provide them with convenient access to discover a wide variety of insurance products that are suited to their needs,” Kwikinsure CEO Hamilton Angluben was quoted in a statement as saying.

The company describes its app as a one-stop shop for OFWs, “providing them access to information, entertainment, job listings, important hotlines and other services.”

“There is a need to bridge the gap and insure Filipinos, especially OFWs and their families. Aside from giving them peace of mind, this can also be a way to educate them about investing in their health and the future,” PLDT Global President and CEO Albert V. Villa-Real was quoted in the statement as saying.

According to Kwikinsure, an online insurance marketplace in the Philippines, it allows customers to browse through hundreds of insurance products that are being offered by its 20 partners that, in turn, allow them to sell insurance policies online.

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