This National Women’s Month, leading regional insurtech Igloo is celebrating the unstoppable spirit of women who are transforming industries, breaking barriers, and redefining success.
According to Packworks’ business intelligence tool, Sari IQ, 75% of sari-sari stores in the Philippines are owned by women. To support these women entrepreneurs, Igloo has partnered with various organizations to provide tailored insurance products that offer financial protection against unforeseen risks. Together with its partners, Igloo delivers accessible and affordable microinsurance solutions, covering business disruptions, health emergencies, and personal accidents.
“At Igloo, we believe that financial protection should be accessible to everyone, especially the women entrepreneurs who form the backbone of many communities. By embedding our insurance solutions into digital platforms that women already use, we are breaking down barriers and ensuring that they have the security and confidence to grow their businesses and secure their futures,” said Roberto Vea, Igloo’s Head of Commercial for the Philippines
Igloo’s partnership with B2B MSME enabler Growsari, a technology-driven platform dedicated to helping small retailers and sari-sari stores digitize their operations and expand their businesses, continues to strengthen financial protection for MSMEs. The Personal + Business Protection Plan offers up to P150,000 in financial coverage for accidents and up to P35,000 in cash assistance to help store owners safeguard their property or inventory in cases of flood and fire. Additionally, Igloo and Growsari are working on initiatives to expand access to insurance products further, enabling sari-sari stores to offer protection plans to their customers and communities.
Likewise, Igloo also introduced NegosyoCare in 2024, which serves as a critical financial safety net for women entrepreneurs, particularly ensuring they can sustain and grow their businesses despite unforeseen challenges. Available via Gcash’s Insure Marketplace, NegosyoCare offers coverage against fire, accidents, and damages with affordable premiums starting at just P160 per month or P525 per year. Underwritten by Malayan Insurance, the policy provides up to P50,000 in benefits for accidental death, permanent disability, and dismemberment, medical reimbursement of up to P5,000 fire cash assistance of P10,000, and burglary and payroll protection of P10,000.
By making insurance accessible through familiar digital platforms, Igloo empowers women-led businesses to secure their livelihoods, protect their families, and contribute to economic resilience in their communities. Through innovation and empowerment, Igloo is ensuring that women-led businesses not only thrive but become pillars of economic resilience, creating a future where financial protection is a fundamental right for every woman striving for success.
Learn more about Igloo’s products and services by visiting iglooinsure.com
About Igloo
Igloo is a regional full-stack insurtech firm headquartered in Singapore. It has offices in Singapore, Indonesia, Thailand, The Philippines, Vietnam, and Malaysia and tech centers in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimize and enhance existing products and services. It has partnered with over 75 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech, and financial services. Recognized by the industry for its innovations and expertise in its space, Igloo was named ‘Insurtech of the Year’ in the 2023 Asia Fintech Awards.
For more information, please visit https://www.iglooinsure.com/.