Homegrown insurance technology startup Kwik.insure unveiled the country’s largest online insurance marketplace with over 100 life and non-life insurance products from 15 of the Philippines’ top insurance and healthcare providers.
Through the digital platform, Filipinos gain democratized access to insurance products that are tailored for their needs. Similar to popular e-commerce platforms, consumers are able to select, search and compare different insurance offerings.
Kwik.insure teamed up with 15 insurance providers to offer a wide range of products to Filipinos. Its partners include Sun Life and Malayan, the largest life and non-life insurers in the country respectively.
All transactions are done online and users will receive their e-policies directly from the insurance companies, cutting down processing time from days to just five minutes.
“Filipinos are now used to shopping online so we patterned our platform after what they are already accustomed to. Through Kwik.insure, Filipinos can easily compare, choose, and buy insurance products that fit their needs. They can be covered in as fast as five minutes,” said Hamilton Angluben, Kwik.insure founder and chief executive.