If there is one thing that people can relate to in the previous year, it is the realization that the COVID-19 pandemic has been a wake-up call regarding people’s lifestyles and how to save and manage money effectively. With many workers losing jobs, facing a decrease in their payrolls, and increasing prices of many essential commodities, money management has never felt so important. This year, it would be wise to…
Talking about car insurance Ph is often overwhelming for many Filipinos. Although many people now recognize how imperative it is to have insurance coverage, others are still intimidated by the idea of acquiring an insurance policy. Their reluctance is often rooted in two things: concepts that look complicated and the various misconceptions and false beliefs surrounding insurance. But their hesitance to acquire an insurance policy, particularly car insurance, can be…
After purchasing their first vehicle, car owners should do the wisest thing next is to insure it. Acquiring a car insurance policy can provide them peace of mind and lessen their anxieties when dealing with the financial aspects of getting involved in an accident/incident. In the Philippines, there are two main types of car insurance available for motorists: compulsory third-party liability (CTPL) and comprehensive car insurance. The main difference between…
As the world gear forward to the year ahead, many industries learned to adapt to the new normal, shifting their business models and related-marketing strategies to promote business continuity and remain profitable. It goes the same for the insurance industry as many companies re-evaluate their business tactics and address changes in operations. Accordingly, this year is when the industry is expected to make a remarkable recovery, facilitated by various trends…
Time and time again, people are reminded how uncertainties can set us back financially. But despite the risks that can ruin savings and potentially impede plans, many still regard insurance as an insignificant intangible product in the Philippines. However, the insurance industry in the country experienced a sudden increase in the number of insured as many realized the contribution of insurance in mitigating risks, and the industry is poised to…