Two years after its transformation into an insurance brokerage firm, Cebuana Lhuillier Insurance Brokers Inc. (CLIB) bagged the Domestic Broker of the Year – Philippines award at the Insurance Asia Awards 2022. CLIB’s initiative in offering its products in the digital space was also recognized by winning the Insurtech Initiative of the Year.
On its seventh year, the Singapore-based award honors exceptional insurance companies in Asia that deliver outstanding initiatives, products, and solutions to its clients.
The award affirms CLIB’s efforts to provide Filipinos with better access to more inclusive and affordable insurance and Cebuana Lhuillier’s market leadership and commitment to push financial inclusion to its stakeholders even in the times of uncertainty.
“We are honored to be recognized by an internationally-acclaimed award-giving body like Insurance Asia Awards. This is a strong testament to our commitment of providing excellent insurance products to our kababayans that they can rely on during the most challenging of times. Guided by our mission of financial inclusion, we will remain steadfast in our commitment to serve our clients by continuously innovating our products and services,” says Jean Henri Lhuillier, Cebuana Lhuillier president and CEO.
With the continuous collaborations and partnerships with reliable and reputable insurance providers, CLIB has been able to expand its roster of services. Its current portfolio has a total of more than 150 products from personal, life, health, vehicle, and business and liability insurance, which are being offered across Cebuana Lhuillier’s over 3,000 branches nationwide, as well as other CLIB platforms and distribution partners.
The Insurtech Initiative of the Year award also recognizes CLIB’s acceleration of its digital transformation through offering its products and services online. This transformation allowed CLIB to reach an untapped market that stands to benefit most from affordable and accessible insurance products.
“We are deeply humbled by these prestigious awards. Year after year, we try to come up with innovative solutions for the market that we serve. This pandemic pushed us to elevate our services by expanding our digital footprint to meet the growing demands of our clients. We will continuously assert our relevance by constantly enabling our clients to get protected easily, anytime and anywhere,” said Jonathan Batangan, First Vice President and Group Head for CLIB.
“Since the pandemic started in 2020, CLIB showcased its innovations by digitizing its services using different apps and forging strategic partnerships with various online platforms. As an insurance brokerage offering a variety of affordable insurance products, CLIB was able to bridge the protection gap during the pandemic through digital payment aggregators, e-commerce, banking apps, the insurance marketplace, and online banking platforms,” added Anthony Lou Bernabe, CLIB Interim Group Head.
Its web-based app ProtectNow acts as a one-stop insurance shop, allowing clients to compare the lowest prices of insurance offerings, monitor their insurance policies and claims in real-time and aggregate the best possible insurance options for home, auto, travel, and family insurance needs from the most credible insurance companies in the Philippines.