FPG Insurance inks partnership with MYEG Philippines for accessible non-life insurance
FPG
Insurance, a major player in the non-life insurance industry and leader in
motor insurance coverage, inks a partnership agreement with I-Pay MYEG
Philippines, Inc., a partnership of two fin-tech companies, I-Pay and MyEG, championing
online automation for government services.
The
partnership forms a gateway to bring insurance closer to the general public.
With over 20,000 OTC payment channels and point-of-sale locations across the
country, this secures I-Pay MYEG Philippines’ place in the market as one of the
leading e-payment services provider.
“Expanding our distribution channels
in the country is one of FPG Insurance’s strategic courses to empower and
enable consumers towards safety and peace of mind. This partnership with MYEG
Philippines will definitely provide a concrete support to contribute towards
this goal,” said Ramon Yap Dimacali, FPG
Insurance President and CEO.
In
2010, I-Pay has won the “Asia Pacific
Best Newcomer”, and the “Asia Pacific
Fastest Expanding Network” the year after. MyEG on the other hand is a
publicly-listed company in Kuala Lumpur Stock Exchange (KLSE) with over US$1.3
Billion in total market capitalization.
“We are very happy to have FPG
Insurance Philippines as one of our insurance partners and to be able to
provide the market with reliable insurance offerings fit according to their
need,” said MYEG Philippines President
Ronald Allan Aquino.
Also
present during the contract signing are FPG Insurance Channels Marketing Group
Vice President Michael Del Moral and MYEG Philippines Chief Technology Officer
JC Principe.
MYEG
Philippines has also been servicing key government clients such as the National
Bureau of Investigation, the Philippine Overseas Employment Agency, and
Landbank of the Philippines among others.
FPG Insurance offers a comprehensive
suite of insurance products from motor insurance, property insurance, to travel
and personal accident coverages.
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