{"id":11582,"date":"2024-06-28T14:48:17","date_gmt":"2024-06-28T06:48:17","guid":{"rendered":"https:\/\/iglooinsure.com\/press\/growsari-partnership-sari-sari-stores\/"},"modified":"2024-06-28T14:48:17","modified_gmt":"2024-06-28T06:48:17","slug":"growsari-partnership-sari-sari-stores","status":"publish","type":"press","link":"https:\/\/iglooinsure.com\/ph\/press\/growsari-partnership-sari-sari-stores\/","title":{"rendered":"Igloo strengthens MSME support with Growsari partnership, providing insurance to sari-sari stores in the Philippines"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em>The Growsari partnership aims to provide financial assistance to over 200,000 sari-sari stores in case of natural disasters such as floods<\/em><\/li>\n\n\n\n<li><em>After launching NegosyoCare in 2023, this partnership reaffirms Igloo\u2019s goal to provide protection products to underserved communities and industries in the Philippines and Southeast Asia<\/em><\/li>\n<\/ul>\n\n\n\n<p><strong>MANILA, PHILIPPINES, 26 June 2024<\/strong> \u2013 From small mom-and-pop shops around the corner, <em>sari-sari <\/em>stores, and small businesses started by young entrepreneurs, the importance and impact of these micro, small, and medium enterprises (MSMEs) cannot be overstated. These businesses account for <a href=\"https:\/\/www.dti.gov.ph\/resources\/msme-statistics\/#:~:text=2022%20Philippine%20MSME%20Statistics&amp;text=Of%20these%2C%201%2C105%2C143%20(99.59%25),at%200.40%25%20(4%2C484).\" target=\"_blank\" rel=\"noreferrer noopener\">99.5% of the total number of companies<\/a> in the country and employ 62.8% of the workforce.\u00a0<\/p>\n\n\n\n<p>However, the same segment is <a href=\"https:\/\/www.businessnewsdaily.com\/5896-small-business-insurance-tips.html\" target=\"_blank\" rel=\"noreferrer noopener\">often exposed to a wide range of risks<\/a>, from theft, illnesses, or natural disasters. Compared to larger businesses, they struggle to manage these risks more due to limited resources.<\/p>\n\n\n\n<p>Understanding how these businesses are major drivers for economic growth, regional insurtech Igloo together with Growsari, a leading B2B MSME enabler that powers Philippines <em>sari-sari <\/em>stores, introduced the Personal + Business Protection Plan that provides financial assistance to these neighborhood convenience stores in case of unwanted incidents arising from natural calamities such as floods due to heavy rain.<\/p>\n\n\n\n<p>\u201cIgloo and Growsari share the same goal of protecting MSMEs like <em>sari-sari <\/em>stores by offering innovative insurance solutions that will help them mitigate risks while ensuring they can continue to thrive and contribute to the growth of their communities,\u201d said Roberto Vea, Commercial Lead at Igloo Philippines. \u201cAs we celebrate International MSME Day on June 27, we not only reaffirm our commitment to continue providing them with the tools and protection they need but champion how these businesses are the backbone of our economy, driving innovation, creating jobs, and fostering community resilience.\u201d<\/p>\n\n\n\n<p>The Personal + Business Protection Plan provides up to P150,000 in financial coverage for accidents and up to P35,000 of cash assistance to help them protect their property or inventory in cases of flood and fire in more than 200,000 <em>sari-sari <\/em>stores in the country.<\/p>\n\n\n\n<p>Beyond this, Igloo and Growsari are empowering these <em>sari-sari <\/em>stores to eventually extend the same protection plan to their customers and community\u2013giving them ease of access to insurance products that can protect them and their loved ones. This is part of Igloo\u2019s mission to provide affordable and accessible insurance for all.<\/p>\n\n\n\n<p>\u201cWe\u2019re not stopping there as we plan to expand the partnership to help cover their customers or <em>sukis<\/em> against unforeseen events. The goal is to provide the most comprehensive protection product for these businesses, covering not just their assets but also their human capital,\u201d Vea added.<\/p>\n\n\n\n<p>The Personal + Business Protection Plan is one of the latest MSME products Igloo has created with its partners. Last year it introduced NegosyoCare with GCash and Malayan\u2013an insurance product specifically designed to protect MSMEs that provides coverage for accidents and other unwanted situations through the GInsure Marketplace.<\/p>\n\n\n\n<p>These products further Igloo\u2019s mission to provide underserved segments with comprehensive and affordable protection products across the region.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>&#8211; END &#8211;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Igloo<\/strong><\/h3>\n\n\n\n<p>Igloo is a regional full-stack insurtech firm headquartered in Singapore. It has offices in Singapore, Indonesia, Thailand, The Philippines, Vietnam, and Malaysia and tech centers in China and India.\u00a0 With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo\u2019s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimize and enhance existing products and services. It has partnered with over 75 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech, and financial services. Recognized by the industry for its innovations and expertise in its space, Igloo was named \u2018Insurtech of the Year\u2019 in the 2023 Asia Fintech Awards.<\/p>\n\n\n\n<p>For more information, please visit<a href=\"https:\/\/www.iglooinsure.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> https:\/\/www.iglooinsure.com\/<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>For Media Enquiries<\/strong><\/h3>\n\n\n\n<p>PRecious Communications for Igloo<br><a href=\"mailto:igloo@preciouscomms.com\">igloo@preciouscomms.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Growsari partnership aims to provide financial assistance to over 200,000 sari-sari stores in case of natural disasters such as floods<\/p>\n","protected":false},"author":1,"featured_media":11576,"template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"%%post_title%%","_seopress_titles_desc":"Igloo established partnerships with leading finance brands, expanding insurance coverage to broader underinsured communities in Vietnam.","_seopress_robots_index":"yes","footnotes":""},"country":[],"class_list":["post-11582","press","type-press","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/press\/11582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/press"}],"about":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/types\/press"}],"author":[{"embeddable":true,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/press\/11582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/media\/11576"}],"wp:attachment":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/media?parent=11582"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/country?post=11582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}