The collaboration is designed to help micro, small, and medium enterprises (MSMEs) and corporate clients safeguard against risks like fire, floods, theft, and food poisoning.
Through this partnership, Security Bank clients benefit from preferential rates, streamlined processes for applications, payments, and renewals, as well as improved compliance with government-mandated insurance requirements.
PhilBritish offers a wide range of non-life insurance products, including office/store property insurance, company car/auto fleet insurance, and comprehensive general liability insurance, among others.
“Partnering with PhilBritish Insurance aligns with our mission to empower businesses through comprehensive financial solutions,” said John David Yap, Security Bank's business banking segment head.
“This partnership allows us to provide customized insurance products that help businesses protect their assets and meet regulatory standards efficiently.”
PhilBritish, a 100-percent Filipino-owned company that has been operating since the 1960s, currently writes over P2 billion in premiums through 31 branches and agencies nationwide.
Rosario W. Cuyegkeng, chair of PhilBritish Insurance, expressed pride in the partnership, emphasizing its commitment to safeguarding Filipino enterprises.
This collaboration is part of Security Bank's broader efforts to support MSMEs, alongside initiatives such as the Beyond Banking Partnership program and its Security Bank Collect digital platform for real-time payment monitoring.
