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Insurance sector to benefit from gov't's digitalization bid

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

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