EditorialsMWC 2016PH Digital and Tech

Sun Life and Voyager: New Mobile Product Will Pave the Way for More Filipinos to Get Insured

Greg Martin, Senior Advisor at SunLife  with Orlando B. Vea, President and CEO of Voyager Innovations flanked by Mike Manuel, Chief Business Development Officer at SunLife,  Lito Villanueva, managing director for fintech, digital inclusion and alliances at Voyager Innovations and Benjie S. Fernandez, Chief Operating Officer at Voyager Innovations.
Greg Martin, Senior Advisor at SunLife with Orlando B. Vea, President and CEO of Voyager Innovations flanked by Mike Manuel, Chief Business Development Officer at SunLife, Lito Villanueva, managing director for fintech, digital inclusion and alliances at Voyager Innovations and Benjie S. Fernandez, Chief Operating Officer at Voyager Innovations.

New Digital Mobile Product Aims to Redefine the Insurance Industry

Voyager Innovations and Sun Life came together at the Mobile World Congress in Barcelona and announced that they are partnering together to come up with more inclusive insurance offerings by creating digital and mobile insurance products.

This couldn’t come at a better time as financial literacy and insurance penetration in the Philippines is still relatively low. According to various studies only 3% of the total population of the country have insurance policies (a little less than credit card penetration). The program that Voyager and Sun Life are working on focuses on growing penetration by creating new products based on mobile and digital, making it more relevant, palatable, and reachable for Filipinos.

While there are no specifics yet on what the actual product is and who the product will be for, Sun life is banking heavily on this partnership to enable them to not just pivot into the digital age, but to hopefully redefine the insurance industry as a whole.

“We are set on redefining the insurance industry in this age of digital and we see this partnership with Voyager Innovations as a move towards being able to offer more innovative and financially inclusive insurance services through fintech. As the leading technology company for emerging market platforms, Voyager Innovations can provide us with the fintech services that will enable us to extend our reach and allow us to further lead the insurance industry.” – Rizalina Mantaring, Sun Life Philippines President & Chief Executive Officer

Voyager Innovations Team at the Mobile World Congress in Barcelona, Spain
Voyager Innovations Team at the Mobile World Congress in Barcelona, Spain

We were able to have a quick chat with the Voyager executive team here in Barcelona and they shared that more details about the actual offer will be revealed in March. This is definitely something interesting and worth watching because if there’s one industry that needs a major injection of digital and mobile innovation, it’s the insurance industry.

Carlo Ople

Carlo is the Editor-in-Chief and Founder of Unbox.ph. During daytime he’s the Managing Director and Partner of a Digital Marketing Agency in the Philippines and by nighttime he’s living out his passion as a gadget enthusiast and story teller through Unbox.

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