UnionDigital Bank, Chubb launch embedded insurance products to help address Philippines' protection gap.
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UnionDigital Bank, Chubb launch embedded insurance products to help address Philippines' protection gap. calendar_today June 18, 2026 visibility 24 views hourglass_top 4 min left UnionDigital Bank (UD) has partnered with Chubb Philippines to offer insurance products directly through its digital banking platform, as both companies seek to expand financial protection for Filipinos who remain uninsured or underinsured. The partnership comes amid persistent gaps in insurance coverage across the country. According to the latest Financial Inclusion Survey (FIS) conducted by the Bangko Sentral ng Pilipinas (BSP), nearly half, or 48%, of adult Filipinos do not have insurance coverage, leaving many households vulnerable to unexpected financial shocks. By integrating insurance into its digital banking ecosystem, UnionDigital aims to make protection products more accessible to customers who may have limited exposure to traditional insurance channels. "This partnership marks a pivotal step in our mission to bring insurance protection to millions of Filipinos," said Danilo "Bong" Mojica II, President and CEO of UnionDigital Bank. Embedded insurance comes to digital banking. The collaboration introduces insurance products that are directly linked to customers' banking activities, reflecting the growing adoption of embedded finance in the Philippines. The first offering, Loan...
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