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MANILA - The government's push for digitalization and use of technology in various processes are not only seen to boost its financial inclusion bid but is projected to also increase insurance penetration in the Philippines. In a virtual briefing on Wednesday, Insular Life vice president and head of digital sales distribution Geraldine Pascual said the pandemic propelled companies' resilience vis vis the use of digital platforms and processes, among others. Pascual said this is a plus for the insurance industry because as people become more knowledgeable and comfortable on the use of digital financial transactions so is the intention to get insurance coverage. She said they "see this trend towards mainstream adoption" of technology-based transactions. "The key message here is that we will be able to realize our objective of financial inclusion for more Filipinos through technology. Technology will help pave the way for insurance to become easily accessible for mos

Nina aguasGeraldine pascualTricci rose sadianInsular health careMarketing divisionInsurance health careInsular lifeRose sadianManila the government 39s push for digitalization and use of technology in various processes are not only seen to boost its financial inclusion bid but is projected also increase insurance penetration philippines ina virtual briefing on wednesdayNsular life vice president and head of digital sales distribution geraldine pascual said the pandemic propelled companies 39 resilience vis use platforms processesMong others pascual said this isa plus for the insurance industry because as people become more knowledgeable and comfortable on use of digital financial transactions so is intention to get coverage she they quot see trend towards mainstream adoption technology based key message here that we will be able realize our objective inclusion filipinos through help pave way easily accessible most dreams in inlife every filipino financially protected no one left behindUot she said authorities and insurance company executives penetration in the country remains low compared to other countries region at around 2 percent of total population prior pandemicHey said growth of the insurance industry is being buoyed by continued improvement domestic economy howeverHe drive to have insurance protection increased during the pandemicHey said during the same briefingNlife executives said their company 39s partnership with gcash allowed the former to record php196 million worth of transactions in 2021 alone inlife chairperson nina aguas tie up is quot by far