MoneyHero, InsureMO Partner To Boost Digital Insurance In Philippines

KUALA LUMPUR, Nov 25 (Bernama) -- MoneyHero Limited, a tech- and artificial intelligence (AI)-powered personal finance platform and digital insurance brokerage in Greater Southeast Asia, has entered a strategic partnership with InsureMO to expand digital insurance offerings in the Philippines through its local brand, Moneymax.

In a statement, MoneyHero Chief Commercial Officer, Shravan Thakur said the initiative strengthens the company’s high-margin insurance vertical and supports its expanded operations at its new Bonifacio Global City office.

Meanwhile, InsureMO Chief Revenue Officer, Rajat Sharma added that the collaboration will accelerate digital distribution in a priority market, improving insurance accessibility nationwide.

The partnership targets one of Asia’s lowest-penetration insurance markets, where coverage accounts for just two per cent of gross domestic product (GDP)—roughly half the regional average. Motor insurance remains particularly underserved, with only one in three vehicles carrying comprehensive protection.

Moneymax will integrate InsureMO’s application programming interface (API)-led infrastructure to speed up insurers’ digital onboarding and enable direct connectivity to MoneyHero’s distribution channels. This will streamline comparison and purchasing processes for millions of Filipino households seeking online insurance options.

Consumers will benefit from real-time quote comparisons, improved convenience, and a broader range of insurance products launched in weeks instead of months.

MoneyHero, which operates the Philippines’ largest personal finance marketplace, will use its scale and growing insurer network—including Malayan, StrongHold, FPG and SGI—to expand product availability and boost customer acquisition for partners.

-- BERNAMA