PGA Sompo Insurance Corporation lands two wins at Insurance Asia Awards 2024

It has sought out strategic partnerships to bridge the accessibility of insurance products in the Philippines.

Insurance firm PGA Sompo Insurance Corporation took home two major accolades at the coveted Insurance Asia Awards 2024 for its unparalleled commitment to expanding the accessibility of insurance products across diverse markets in the Philippines by forging partnerships with various platforms.

Amongst the partnerships the company has sought is with Asia's leading travel and experience platform, Klook. PGA SOMPO has tapped into a vast pool of social, digitally savvy travellers through Klook’s extensive global reach, offering them tailored insurance solutions that provide peace of mind during their travels.

PGA SOMPO offers insurance coverage specifically designed to support adventure and experience-focussed activities, ensuring travellers are protected whilst engaging in a variety of exciting pursuits.

With the same objective in mind, it has collaborated with travel blog community The Poor Traveler through an affiliate programme. Also leveraging the extensive network the community provides, PGA SOMPO has effectively promoted its insurance products to a highly engaged audience, leading to increased conversions and sales.

PGA SOMPO partnered with Global Insurtech enablers to innovate gadget protection schemes for online shoppers on leading eCommerce platforms in the Philippines, providing seamless insurance solutions tailored to the needs of digital consumers. This allows customers to protect their assets purchased online.

Meanwhile, PGA SOMPO expanded their capabilities to provide innovative solutions for customers of the Philippines' top e-Wallet provider with an online shopping protection scheme, where the insurance firm has offered an online shopping insurance product. In the travel space, PGA SOMPO, in collaboration with regional and global Insurtech enablers, developed travel protection and cancellation benefit schemes. PGA SOMPO also innovated their Personal Accident scheme through a collaboration with a regional Insurtech enabler and a global remittance company, enabling Filipino workers overseas to purchase necessary protection for their loved ones back home.

The company’s relentless drive for progress has positioned it as one of the top performers in the industry, despite the uncertainties affecting the Philippines and global economies.

PGA SOMPO clinched the Digital Insurance Initiative of the Year - Philippines and the Strategic Partnership of the Year - Philippines category wins. It also mentioned that these awards highlight its dedication to excellence and its success in expanding its reach and impact in the region.

“By collaborating closely with partners and clients, PGA SOMPO developed bespoke insurance products that met specific needs and preferences. This customer-centric approach solidified PGA SOMPO's reputation as a trusted insurance provider committed to delivering value and convenience to its clients,” the company said.

Insurance Asia Awards celebrates insurance companies that have redefined traditional boundaries through groundbreaking innovation and have left a profound impact on customers and in the industry.

The Insurance Asia Awards is presented by Insurance Asia Magazine. To view the full list of winners, click here. If you want to join the 2025 awards programme and be acclaimed for your company's significant impact on its customers with exceptional products, services, and solutions in the insurance industry, please contact Julie Anne Nuñez at julie@charltonmediamail.com.