Gigacover partners with EXOASIA Innovation Hub to champion financial security for Filipino freelancers and entrepreneurs

gigacoveragea Singapore-based insurtech company, recently partnered with EXOASIA innovation centera global management consulting firm, to provide 360° digital insurance protection to Filipino freelancers, start-ups and micro, small and medium enterprises.

The Philippine Statistics Authority reported that micro, small and medium enterprises represent 99.5% companies in the country. In recent years, the gig economy and startup industry have also taken off in the Philippines.

Mack Comandante, founder and CEO of EXOASIA Innovation Hub, and Chesca Figueroa, Country Manager of Gigacover

Latest figures from the Ministry of Commerce and Industry revealed that at least 1.5 million Filipinos are employed in self-employed jobs while the local startup ecosystem is valued at USD 2 billion in 2022. Despite their contributions important economies, companies and workers in these sectors often have limited capacities. access to insurance products.

EXOASIA Innovation Hub is a global transformation ecosystem that connects professionals, organizations and institutions to create a better future for all.

Its three verticals on Certification, Incubation and Ecosystems aim to inspire, validate and develop solution by solving local problems through alliances between entrepreneurs, organizations and governments and leveraging deep technology ecosystems and of global innovation..

As part of this partnership, all EXOASIA community webinars, meetups, hackathons, incubations, accelerations and follow-up events for freelancers and entrepreneurs will include a segment on health and financial protection plans for increase awareness of these products.

“The program aims to further educate, make health and insurance products more accessible and affordable for people in the informal sector. With this partnership, EXOASIA enables its community of founders, entrepreneurs and digital nomads to access such benefits without breaking the bank,” said Chesca Figueroa, Country Manager at Gigacover.

“The concept of digital and dedicated insurance for freelancers and freelancers is still new to many Filipinos. For a very long time, the insurance we know revolves around life, non-life and life maintenance organizations. healthcare (HMO) – and you need an agent to get one,” said Amerson Lin, CEO and co-founder of Gigacover. “We are delighted to partner with EXOASIA who share our value of ensuring freelancers protection with innovative digital insurance products adapted to this sector.”

“COVID-19 has exposed how underinsured Filipinos are. Freelancers, start-ups and MSMEs face exorbitant insurance premium costs and there is not enough education on how , where and what to look for in insurers. These are the issues we hope to solve through this partnership, where we educate and make affordable health insurance accessible to everyone,” shared Mack Comandante, Founder and CEO of EXOASIA Innovation Hub.

To learn more about Gigacover and the insurance products and services it offers, please visit its official website website and Facebook page.

Sarah J. Greer