Why are Filipinos intimidated by Insurance? [Infographic]
In 2014, the Insurance Commission pegged the number of Filipinos who have insurance at 28 Million. Generally, Filipinos view insurance as an extra cost, a luxury, or something that is not a necessity to live and function. However, it goes without saying that car insurance is a necessity, especially in the Philippines. After all, most Filipinos find that one of the most prized possessions in their cars. In fact, one…