Start-up helps address low insurance takeup

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Philippine Star

Lawrence Agcaoili – The Philippine Star November 7, 2021 | 12:00am MANILA, Philippines — Start-up Saphron is helping address the low insurance penetration in the Philippines through a platform powered by artificial intelligence (AI). The financial technology (fintech) start-up is one of five companies that received equity-free investment, technical and business mentorship under the “Fintech for Impact” program of ING Bank and United Nations Children’s Fund (UNICEF). Latest data from the Insurance Commission showed insurance penetration or the share of premiums to gross domestic product (GDP) i…

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