News Technology08 Jan 2019

Philippines:Joint venture launches insurance portal

| 08 Jan 2019

MyEG Philippines, the country's top one-stop provider of e-government automation solutions and payment services, has launched the MyEG Insurance portal, bringing Filipinos fast and hassle-free access to a diverse range of insurance coverage from the country's leading insurers.

MyEG Insurance offers comprehensive insurance products ranging from motor insurance, personal accident insurance, health insurance, and travel insurance, among many others, said M.Y. EG Services in a statement filed with Bursa Malaysia. MyEG Philippines is a joint venture of Kuala Lumpur-based M.Y. EG Services and Manila-based I-Pay Ventures Commerce Ventures.

Referring to the insurance services, the statement said, “All these have been made possible by MyEG Philippines' partnership with the top insurers in the country, namely Malayan Insurance Company, Prudential Guarantee and Assurance, Pioneer Insurance, FPG Insurance Philippines, Standard Insurance Company, MAA Insurance and Mercantile Insurance Company.

“MyEG Insurance aims to bring the advantages and benefits of insurance closer to the general public, as well as to educate every Filipino on the importance of being insured and how easy it is to do so. Through its innovative and intuitive approach, MyEG Insurance offers users the convenience of being able to obtain insurance cover, such as CTPL coverage for motorcar and motorcycle registrations, within a mere 10 minutes.”

MyEG Philippines president Ron Aquino said, “Using the advantage and convenience of an automated process, integrated payment solution, and online claims platform, we are able to bring to every Filipino reliable and hassle-free insurance through digital innovation.

“We are backed up by top insurers in the country, with over 20,000 OTC payment channels and point-ofsale locations across the country.”

My E.G. Services is Malaysia’s e-government services provider. The group’s principal activities comprise the development and implementation of e-government services such as issuance and renewal of driver’s licences, renewal of vehicle road tax and collection of traffic fines.


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