Pioneer Insurance is reshaping how insurance works for underserved Filipinos by focusing on accessibility, trust, compassion, and efficient claims settlement.
Speaking at two separate occasions, Lorenzo Chan, Jr., Group Head of the Pioneer Group of Companies, shared Pioneer’s secrets to success in microinsurance. At the Asian Development Bank’s panel discussion on microinsurance and inclusive finance, Mr. Chan cited the important role of regulators and an enabling framework to make insurance more accessible to low-income sectors.
“For this market, accessible and affordable insurance cushions the blow and helps absorb the shock that comes after tragedies. This is the impact and empowerment that inclusion brings,” Mr. Chan said.
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