Security Bank has partnered with non-life insurance provider, PhilBritish Insurance, to help businesses manage risks such as fire, flood, robbery, theft or food poisoning.
Through the partnership, MSME and corporate clients of the bank benefit from preferential rates, ease of processing applications, payments, and renewals, and improved compliance with government-mandated insurance requirements.
The partners offer a range of a la carte non-life or business insurance products such as Office/Store Property Insurance, Company Car/Auto Fleet Insurance, Comprehensive General Liability Insurance, Fidelity Guarantee Insurance, Money Inside and Outside Insurance (or Money, Salary, Payroll and Robbery), Contractor’s All Risk Insurance (CARI), and Performance Bonds.
“Partnering with PhilBritish Insurance aligns perfectly with our mission to empower businesses with holistic and comprehensive financial solutions,” said John David Yap, business banking segment head at Security Bank. “By offering non-life insurance products tailored to the needs of MSMEs and corporate clients, we can help them safeguard their assets and comply with government regulations more efficiently. This collaboration underscores our commitment to being the most customer-centric bank in the Philippines.”
PhilBritish is a 100 percent Filipino owned non-life insurance company that has been serving the Filipino community since the 1960s. On Wednesday, it wrote more than P2 billion in premiums from 31 branches and agencies nationwide. “We are pleased to collaborate with Security Bank to provide specialized non-life insurance products designed for MSMEs and corporate clients,” said Rosario W. Cuyegkeng, chairman of Philippine British Insurance. “This partnership enhances our dedication to protecting Filipino enterprises while ensuring they stay compliant with regulatory standards.”
The partnership with PhilBritish comes on the heels of several recent initiatives to strengthen the Bank’s support for MSME and corporate clients, including the Beyond Banking Partnership program, which provides business clients with preferential discounts and exclusive access to third parties, and the Security Bank Collect digital payment platform, which enables real-time monitoring and reconciliation of payments.
