Tag: insurance company

Technology

Manulife survey: Filipinos adopting healthier lifestyle

Filipinos are adopting a healthier lifestyle and embracing digital services due to COVID-19 concerns, according to a new Manulife survey.

Concern about the impact of the COVID-19 pandemic among insurance customers runs deeper in the Philippines than in most of Asia. This has prompted many Filipinos to adopt new habits around a healthier lifestyle and greater use of digital technology, according to a new Manulife survey. 

Nearly all of the Philippines-based respondents of the Manulife Asia Care Survey, who are all insurance policyholders, have adopted new lifestyle habits under the COVID-19 pandemic (98 percent). Majority of these new habits are geared towards healthier living and increased reliance on e-commerce, online, and digital services. 

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Technology

Manulife PH ready for new normal from Day 1, says CEO

Manulife Philippines President and CEO Richard Bates said the company's digital transformation journey for the past two years has empowered its customers, employees, and distributors.
Manulife Philippines President and CEO Richard Bates said the company’s digital transformation journey for the past two years has empowered its customers, employees, and distributors.

The COVID-19 pandemic has posed many challenges to businesses. Manulife Philippines, however, has found it easier to adjust to the new business environment. This is thanks to its digital transformation journey for the past two years.

“The changes the COVID-19 pandemic have forced upon us have both put our digital transformation strategy to the test, and validated that we, as an organization, have taken many steps in the right direction,” Manulife Philippines President and CEO Richard Bates told Digital Life Asia.

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Technology

Insurtech ’20: Insurance firms must accelerate change

UnionBank Chairman Justo Ortiz at Insurtech '20
UnionBank Chairman Justo Ortiz emphasized the speed of disruption and innovation at Insurtech ’20

Insurtech involves not only using technology to innovate and survive amid disruption in the insurance industry. To effectively compete, companies must adopt a different mindset and embrace the speed of change.

“We are not just dealing with new ideas. We are dealing with the speed at which new ideas turn into old ideas,” said UnionBank of the Philippines​ and Fintech Philippines Association​ Chairman Justo Ortiz at Insurtech ‘20.

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