Gigacover groups up with EXOASIA Innovation Hub to champion monetary safety of Filipino freelancers, entrepreneurs

Gigacover, a Singapore-based insurtech firm, lately teamed up with EXOASIA Innovation Hub, a worldwide administration consultancy, to supply 360 digital insurance coverage safety for Filipino freelancers, start-ups, and micro, small, and medium enterprises.

The Philippine Statistics Authority reported that micro, small, and medium enterprises account for 99.5% of companies within the nation. Within the latest years, the gig economic system and startup business have additionally taken off within the Philippines.

EXOASIA Innovation Hub Founder and CEO Mack Comandante and Gigacover Nation Supervisor Chesca Figueroa

Newest figures from the Division of Commerce and Trade revealed that not less than 1.5 million Filipinos are employed in freelancing jobs whereas the native startup ecosystem is valued at USD 2 Billion in 2022. Regardless of their important financial contributions, companies and staff in these sectors typically have restricted entry to insurance coverage merchandise.

EXOASIA Innovation Hub is a worldwide transformation ecosystem that connects professionals, organizations, and establishments to create higher future for everybody.

Its three verticals on certification, incubation, and ecosystems goal to encourage, validate, and scale up resolution by fixing native issues by means of alliances between entrepreneurs, organizations, and governments and leveraging on deep tech and world innovation ecosystems.

Beneath the partnership, all of EXOASIA’s group webinars, meet-ups, hackathons, incubations, accelerations, and follow-on occasions for freelancers and entrepreneurs will characteristic a section on well being and monetary safety plans to extend consciousness for these merchandise.

“This system goals to additional educate, make healthcare and insurance coverage merchandise extra accessible, and reasonably priced to these within the Casual sector. With this partnership, EXOASIA, permits its group of founders, entrepreneurs and digital nomads to entry such advantages with out breaking financial institution” mentioned Chesca Figueroa, Nation Supervisor at Gigacover.

“The idea of insurance coverage being digital and devoted for freelancers and self-employed staff continues to be novel to many Filipinos. For the longest time, the insurance coverage we all know circles round life, non-life, and well being upkeep organizations (HMOs) — and also you want an agent to get one,” shared Amerson Lin, CEO and co-founder at Gigacover. “We’re thrilled to associate with EXOASIA which shares our worth of making certain freelancers ought to have safety with modern digital insurance coverage merchandise tailor-made to this sector.”

“COVID-19 uncovered how under-insured Filipinos are. Freelancers, start-ups, and MSMEs are challenged with exorbitant premium prices of insurance coverage and there’s not sufficient schooling on how, the place, and what to search for in insurance coverage suppliers. These are the issues we hope to resolve by means of this partnership, the place we educate and make reasonably priced medical insurance accessible to everybody. “ shared Mack Comandante, Founder and CEO at EXOASIA Innovation Hub.

To study extra about Gigacover and the insurance coverage services and products it gives, please go to its official web site and Fb web page.

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