MoneyHero Limited announced a partnership with InsureMO to expand digital insurance offerings in the Philippines. The country has a low insurance penetration rate of 2% of GDP, with only 1 in 3 vehicles having comprehensive coverage. Moneymax will use InsureMO’s platform to connect insurers with MoneyHero’s distribution channels, providing customers with real-time quotes and a wider selection of products. This partnership aims to improve insurance access and simplify the purchasing process for Filipino households.

The strategic partnership between MoneyHero and InsureMO will enhance the digital journey for customers, broaden the reach of MoneyHero Group in the Philippines, and provide greater product diversity to consumers. By leveraging InsureMO’s API-driven platform, MoneyHero aims to offer more choices and convenience to Filipino households. This move also strengthens MoneyHero Group’s position as a leading digital customer acquisition channel for commercial partners in the Philippines.

Read more at GlobeNewswire: MoneyHero Group partners with InsureMO to expand digital