Insurance technology (insurtech) platform Kwik.insure and financial technology (fintech) player GCash have partnered to provide wider access to car insurance policies to the latter’s 51 million users.
Under the partnership, Kwik.insure and GCash will bring the two insurance products in GInsure, an in-app feature on the GCash app that allows users to purchase and manage their insurance policies.
With the partnership, GCash users may purchase compulsory third-party liability and comprehensive car insurance policies through GInsure.
“There’s a consistent rise in car ownership here in the country and it has motivated us to further aid Filipinos when it comes to ensuring their safety and security on the road. Through this partnership, renewing and buying car insurance is now possible with just a few taps,” Kwik.Insure CEO Hamilton Angluben said.
As of end-September, about 205,078 brand new vehicles were sold in the market despite the pandemic.
