{"id":51900,"date":"2024-05-22T10:38:18","date_gmt":"2024-05-22T02:38:18","guid":{"rendered":"http:\/\/www.teampcheng.com\/blog\/?p=51900"},"modified":"2024-05-22T10:38:20","modified_gmt":"2024-05-22T02:38:20","slug":"discovermarket-marks-official-launch-in-the-philippines-launches-new-insurance-products-with-globe","status":"publish","type":"post","link":"http:\/\/www.teampcheng.com\/blog\/lifestyle\/discovermarket-marks-official-launch-in-the-philippines-launches-new-insurance-products-with-globe\/","title":{"rendered":"discovermarket Marks Official Launch in the Philippines, Launches New Insurance Products with Globe"},"content":{"rendered":"<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><a href=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" data-attachment-id=\"51901\" data-permalink=\"http:\/\/www.teampcheng.com\/blog\/lifestyle\/discovermarket-marks-official-launch-in-the-philippines-launches-new-insurance-products-with-globe\/attachment\/marco-kamerling-discovermarket-large\/#main\" data-orig-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large.jpeg\" data-orig-size=\"1280,853\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;dreamsstudiobali&quot;,&quot;camera&quot;:&quot;Canon EOS R6&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1695982038&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;153&quot;,&quot;iso&quot;:&quot;125&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Marco-Kamerling-discovermarket-Large\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large-300x200.jpeg\" data-large-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large-1024x682.jpeg\" src=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large-1024x682.jpeg\" alt=\"\" class=\"wp-image-51901\" srcset=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large-1024x682.jpeg 1024w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large-300x200.jpeg 300w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large-768x512.jpeg 768w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/05\/Marco-Kamerling-discovermarket-Large.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><strong>Singapore, 16 May 2024<\/strong>&nbsp;\u2013 International insurtech firm&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2xaw0w2DKfxhP3Vh0mhDnIGtENbN6N_vRZahf8886E1mDkeiYjwHyhfm7b6LigRI9n7Ib8x9MyhOdPPf4CU3veV81HhmUQ3bK8tzTyWxmyqVqAKcEdE6I23WR--cq3UY--Aj3mCVwwQ9gN0gVobd8yq6lMAX-iGRNouwiqc9vaHLA4JjKBZp8\" target=\"_blank\" rel=\"noreferrer noopener\">discovermarket<\/a>&nbsp;announces its launch in the Philippines, starting with its partnership with Globe Telecom Inc. &#8211; the leading full-service telecommunications company in the Philippines, to launch its embedded Personal Cyber Insurance product.&nbsp;<\/p>\n\n\n\n<p>Based in Switzerland with its regional headquarters for South-East Asia in Singapore, discovermarket provides embedded insurance solutions to over 200 million customers across diverse industries &#8211; including hospitality, agriculture, and telecommunications.&nbsp;<\/p>\n\n\n\n<p>While the Philippines has seen exponential growth in mobile and internet users and its digital economy, therein lies the rise of cybercrimes with an increase of such cases reported in the first quarter of 2024 alone, with 4,469 cases compared to 3,668 cases in the same period last year<sup>1<\/sup>.&nbsp;<\/p>\n\n\n\n<p>In light of the situation, Globe has been taking active measures to clampdown and bolster their cyber security capabilities by investing in such solutions<sup>2<\/sup>. With this partnership with discovermarket, the company is now able to provide unique insurance products for customers of their core connectivity products, by leveraging discovermarket&#8217;s innovative embedded insurance solution.<\/p>\n\n\n\n<p>The new cyber retail product covers Globe\u2019s Platinum customers from online identity theft, online shopping fraud and internet payment transactions fraud up to PHP 100,000 (S$2,370\/US$1,740). The coverage also provides claims assistance service in the event of a cyber incident. The product will be made available for new and recontracting Globe Platinum subscribers who hold Plan 3799, Plan 4999, and Plan 7999.&nbsp;<\/p>\n\n\n\n<p>\u201cHaving this partnership with Globe has been a great privilege for us,\u201d said&nbsp;<strong>Patrick B\u00fchler, CEO and Founder of discovermarket.&nbsp;<\/strong>\u201cBy providing a hassle-free and digital-first experience, we are able to help Globe provide innovative insurance products as a safeguard for their users. As the digital presence of Filipino consumers continues to grow, it is crucial that there are comprehensive measures for everyone to be sufficiently protected from malicious cyber-attacks.\u201d&nbsp;<\/p>\n\n\n\n<p>\u201cWe appreciate this partnership we have with discovermarket as we are now able to deliver effective protection solutions through a digital operating model that adds value for our subscribers,\u201d commented&nbsp;<strong>Mark Pasaylo, Head and Director &#8211; The Platinum Brand, Globe<\/strong>. \u201cThe new embedded CyberInsurance products demonstrate Globe\u2019s commitment to ensure the safety of our subscribers\u2019 online presence, giving them peace of mind when they go about their various activities on their smart devices.\u201d&nbsp;&nbsp;<\/p>\n\n\n\n<p>discovermarket\u2019s core goal is to provide insurance products to the underserved segments of the community. This is achieved through its low transaction costs to tap into these market segments, offering embedded insurance products that are affordable, thereby improving accessibility to insurance. discovermarket\u2019s marketplace-as-a-service platform also functions as a one-stop marketplace for ecosystem partners seeking digital insurance solutions. Partners can simply select from a variety of brokers, insurers, and prevention providers to create diverse insurance propositions and customise their embedded insurance journeys.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Following the partnership with Globe, discovermarket aims to expand its reach in the Philippines. With cyber products as a key priority, it plans to expand Cyber Insurance offerings for not just consumers, but businesses as well. In addition, discovermarket is also actively looking for opportunities to offer solutions that fosters financial inclusion by working with the relevant ecosystem partners.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore, 16 May 2024&nbsp;\u2013 International insurtech firm&nbsp;discovermarket&nbsp;announces its launch in the Philippines, starting with its partnership with Globe Telecom Inc. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2730],"tags":[12463,2862],"class_list":["post-51900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-discovermarket","tag-globe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>discovermarket Marks Official Launch in the Philippines, Launches New Insurance Products with Globe - Team PCheng<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teampcheng.com\/blog\/lifestyle\/discovermarket-marks-official-launch-in-the-philippines-launches-new-insurance-products-with-globe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"discovermarket Marks Official Launch in the Philippines, Launches New Insurance Products with Globe - Team PCheng\" \/>\n<meta property=\"og:description\" content=\"Singapore, 16 May 2024&nbsp;\u2013 International insurtech firm&nbsp;discovermarket&nbsp;announces its launch in the Philippines, starting with its partnership with Globe Telecom Inc. 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