WebClick Tracer

September 24, 2023

Etiqa Life receives award for innovative gadget insurance

Etiqa Life & General Assurance Philippines Inc. has been honored with the “Insurtech Initiative of the Year” award by the Singapore-based Charlton Media Group for its inventive gadget insurance product.

The insurance offering, designed to safeguard users of electronic devices from unforeseen repair expenses, marked the company’s debut into embedded insurance within a significant e-commerce platform.

This achievement is underscored by the impressive outcome of generating seven million new policies by the conclusion of 2022.

The recognition was based on criteria such as uniqueness, innovation, effectiveness, impact, and dynamism, as assessed by esteemed industry leaders across Asia.


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.

Read More ...