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September 24, 2023

Digital Pilipinas drives sustainability in InsurTech and HealthTech sectors

Digital Pilipinas, a private sector-led movement for fostering innovation and technology, hosted a roundtable discussion in collaboration with industry leaders and stakeholders from the insurance and health sectors.

The discussion focused on sustainability in the InsurTech and HealthTech arenas, with insights shared by representatives from the Philippine Insurers and Reinsurers Association, the Philippine Life Insurance Association, and the Philippine Insurtech and Healthtech Association.

Innovative technological solutions to environmental, social, and governance (ESG) considerations as well as the potential for micro-insurance growth and fully integrated digital health and wellness platforms were highlighted during the event.

Initial research findings from The Voice of Digital Pilipinas, emphasizing trust in government agency applications and upcoming initiatives to support and nurture local InsurTech and HealthTech players in the country were also discussed.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

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