According to the Philippine Insurance Commission, insurance penetration in the Philippines remains remarkably low at 1.75 However, the increasing digitalization and financial literacy among Filipinos are expected to play pivotal roles in its enhancement. The Commission also urges the industry to help in spreading financial literacy and awareness to increase financial inclusion in the county. The Palawan Group of Companies, a trusted leader in pawning and financial services, is responding to the government's call by taking a significant step towards enhancing insurance accessibility in the Philippines. This initiative entails expanding its ProtekTODO microinsurance products through various channels.
