Friday, October 3, 2025
Win Limited Edition OPPO x MLBB Gifts and Big Deals up to PHP 3,000 off at OPPO’s 10.10 Mega Sale
Tuesday, September 2, 2025
Start Your Christmas Shopping at OPPO’s 9.9 Super Sale
Friday, April 5, 2024
Through Its New Partnerships with Consumer Finance Platforms, Igloo Extends Access to Insurance to the Underbanked
Manila, Philippines, April 5, 2024 – As part of its commitment to advancing financial inclusion and providing insurance for all, regional insurtech Igloo has partnered with consumer finance platforms in the Philippines to offer gadget protection products to shoppers. Igloo aims to extend access to insurance products and streamline the process of protecting items purchased through digital loans or alternative financing, whether online or in-store, providing consumers with a more accessible and convenient means to secure their purchases effectively.
“While the Philippines has made notable strides in financial inclusion, a considerable portion of the population remains unbanked. This translates to the inability to establish a credit history, which is essential for accessing financial products such as credit cards and loans,” said Roberto Vea, Commercial Lead at Igloo Philippines. “This is why the consumer lending industry has risen by leaps and bounds–it caters to the needs of the unbanked population by providing alternative financial solutions such as digital loans that do not rely on traditional banking infrastructure."
Lower barriers to entry, competitive interest rates, and simplified application processes have facilitated Filipinos' access to crucial loan products, driving the popularity of installment financing and buy-now-pay-later (BNPL) schemes. BNPL, in particular, is forecasted to reach US$2.29 billion by 2024. Many of these loans are facilitated in physical retail outlets, offering consumers the flexibility to make purchases and arrange financing conveniently in-store.
"At Igloo, we firmly believe in being where we can impact consumers most. That’s why we partnered with leading digital lending companies Skyro and Salmon alongside Etiqa to develop a product designed to protect installment purchases and ensure accessibility wherever our customers are,” Vea explained. “Now, they can protect their purchases wherever they buy it–whether through online merchants or offline stores, we’re giving them the peace of mind they deserve.”
In partnership with Etiqa, Igloo has introduced innovative products like Gadget Protection, Loan Protect with Skyro, and Loan Protect with Salmon. Soon, Salmon, Etiqa, and Igloo will also launch Accidental Damage and/or Liquid Damage, along with Extended Warranty products. These offerings provide comprehensive protection for customers' purchases through consumer finance platforms.
These products provide extensive coverage for device repairs, replacements, and loan repayments in the event of unexpected incidents that impact the customer. These protection products are available in top mobile and appliance stores nationwide.
The process is simple: when a customer purchases a device, the insurance product is seamlessly integrated into the client's loan amount. This integration ensures that premium payments are effortless, hassle-free, and budget-friendly.
Once the policy is active, Gadget Protection will step in if the consumer faces device issues requiring repairs or replacements. The policy covers the costs associated with these services, providing the customer with peace of mind and financial security.
“We are committed to our mission of providing ‘insurance for all’ and that includes safeguarding purchases made by an underserved sector because it offers a layer of financial protection that they may not otherwise have access to. We will continue to work with our partners to develop products that cater to the diverse needs of the people we serve,” Vea ended.
Learn more about Igloo’s products by visiting iglooinsure.com
Tuesday, March 19, 2024
The Changing Face of Insurance: How Tailored Microinsurance Products are Key to Relevance and Adoption in the Philippines
MANILA, Philippines, March 18, 2024 – For most people, understanding insurance boils down to the four most common types: life, health, auto, and long-term disability. While awareness of insurance importance is increasing, the aforementioned traditional insurance products are failing to resonate with many people due to various reasons including affordability, accessibility, and relevance. These factors have largely contributed to the low insurance penetration in the Philippines, which stands at 1.68% as of September 2023.
This is where microinsurance is changing the game as insurtechs and insurance companies have introduced personalized microinsurance products that cater directly to the unique lifestyles and needs of Filipinos as they go through various stages of their lives. As an insurtech, Igloo and its partners have been instrumental in facilitating a wide array of microinsurance products that safeguard the unique needs of digital natives and underserved sectors. These products run the gamut from travel insurance, to electronics protection, e-commerce purchase protection, and even protection for the gamers’ health.
“While traditional insurance products may come with high premiums and broad coverage, microinsurance products are designed to provide targeted protection against specific risks that are relevant to our daily lives. By offering affordable products that address immediate needs, microinsurance can serve as the gateway to broader insurance protection and may be key to boosting insurance penetration,” said Roberto Vea, Commercial Lead at Igloo Philippines.
Among the most popular insurance products Igloo PH and its partners facilitated are Gadget Protection and Online Shopping Protection. In 2023, Gadget Protection sold 10.3 million policies while Online Shopping Protection sold 1.98 million policies highlighting strong customer demand for coverage against electronic device damages and online purchase risks.
“Microinsurance empowers individuals to protect themselves against risks they face today, whether it's safeguarding their electronics from liquid damage or ensuring affordable coverage for spontaneous travel adventures. At Igloo, we believe it’s important for insurers and insurtechs like ourselves to continuously develop relevant products and make sense for our customers,” Mario added.
As of September 2023, microinsurance premiums in the Philippines have increased by 19.6% to P10.16 billion, and over 56 million Filipinos are now insured under microinsurance policies.
“The growth of the microinsurance industry underscores how the approach to insurance awareness is no longer one size fits all–it must evolve alongside our digital-first lifestyles, safeguarding our ever-expanding virtual assets and providing peace of mind in the face of modern risks,” Vea explained. “This also means ensuring that the products are where our consumers are–online, thus making sure that the entire buyer’s journey from consideration, to purchase, and claims must be easy, accessible, and uncomplicated.”
According to a recent study conducted by Manulife, 41% of Gen Z individuals (aged 18-24 years old, according to McKinsey) plan to purchase insurance online in the next 12 months. Furthermore, the study found that 33% of millennials (aged 25-44 years old) have already bought insurance online. This indicates that younger generations are increasingly preferring and adopting online channels for purchasing insurance.
This is where the availability of embedded insurance was able to expand the channels of distribution, providing consumers with a convenient way to discover, evaluate, and purchase products in just a few clicks. Igloo does this through partnerships with major e-commerce platforms like Lazada and Shopee, leading payment platforms such as DANA in Indonesia and GCash in the Philippines, and retail chains like Circle K in Vietnam.
“As Igloo continues to play a vital role in making microinsurance accessible to millions of Filipinos, we remain committed to prioritizing products that not only raise insurance awareness and adoption but are also relevant, innovative, and customer-centric,” Vea ended.
Learn more about how Igloo’s tailored microinsurance solutions by visiting iglooinsure.com.
Wednesday, February 28, 2024
Get Up to 79% Discount from XTREME Appliances this 3.3 Shopee Mega Shopping Sale and Lazada 3.3 Bonggang Bday Fest
Manila, Philippines - March is going to be a month of shopping sprees for online shoppers as XTREME Appliances, the leading one-stop-shop appliance brand, joins two of the highly anticipated biggest campaigns of the year– Shopee 3.3 Mega Shopping Sale and Lazada 3.3 Bonggang Bday Fest! With a huge discount of up to 79% off, you can get your hands on high-quality and affordable home appliances from March 3 to March 7, 2024.
We all know that navigating through online shops during massive campaigns can sometimes become overwhelming so to give you a head start on your 3.3 shopping, here’s the list of best-selling items that you can add to your cart as early as now:
Shopee 3.3 Mega Shopping Sale
MODEL | SRP | SALE PRICE | SAVINGS |
X-SERIES 32 inch LED TV Slim Bezel USB Port HDMI VGA Dynamic Sound HDR Quality (Black) | ₱9,995.00 | ₱4,889.43 | ₱5,105.57 |
X-SERIES 1HP Split Type Aircon Energy Efficient with BIO Filter (White) | ₱21,195.00 | ₱12,538.23 | ₱8,656.77 |
X-SERIES 350W One Way Portable Speaker System USB Micro SD FM Mic Input Guitar Input | ₱9,095.00 | ₱5,315.61 | ₱3,779.39 |
X-SERIES 7KG Top Load Automatic Washing Machine w/ Spin Dry (Black Cover) | ₱14,495.00 | ₱9,235.82 | ₱5,259.18 |
X-SERIES 24L Digital Air Fryer Digital Control with LED Display | ₱6,195.00 | ₱4,337.57 | ₱1,857.43 |
Lazada 3.3 Bonggang Bday Fest
MODEL | SRP | SALE PRICE | SAVINGS |
X-SERIES 0.5HP Energy Efficient Window Type Aircon with Silver Ion Filter | ₱9,995.00 | ₱6,622.29 | ₱3,372.71 |
XTREME HOME 50cm Gas Range 4 Burner 55L Oven Freestanding Electric Ignition LPG Source | ₱11,295.00 | ₱7,798.19 | ₱3,496.81 |
X-SERIES 90cm Slim Rangehood Wall-mount 1x65w Motor with 3 Speed Push Control (Black) | ₱4,995.00 | ₱3,242.12 | ₱1,752.88 |
X-SERIES 12 CU.FT Double Door Inverter Refrigerator No Frost (Silver) | ₱32,495.00 | ₱19,076.54 | ₱13,418.46 |
X-SERIES 43 inch Google TV Frameless Wi-Fi Netflix YouTube Google Play w/ Voice Control | ₱22,495.00 | ₱10,497.88 | ₱11,997.12 |
To guarantee the absolute lowest prices online on March 3, 2024, the first customer to check out from each platform from 12:00 AM to 2:00 AM can purchase these SKUs for only P3,333!
Lazada
MODEL | SRP | MIDNIGHT SALE | SAVINGS |
X-SERIES 1HP Energy Efficient Window Type Aircon with Silver Ion Filter | ₱14,195.00 | ₱3,333.00 | ₱10,862.00 |
Shopee
MODEL | SRP | MIDNIGHT SALE | SAVINGS |
X-SERIES 32 inch Google TV Frameless Wi-Fi Netflix YouTube Google Play w/ Voice Control | ₱15,995.00 | ₱3,333.00 | ₱12,662.00 |
Voucher lovers can look forward to using the following Lazada and Shopee vouchers at checkout to secure even lower prices:
Shopee
Free shipping capped at ₱50
Additional campaign vouchers
Lazada
Free shipping max capped at ₱100
Campaign vouchers
Low on cash? No need to fret! With Spaylater and LazadaLoan, shoppers can buy now and pay later with easy installment plans minus the credit card requirement. Make sure to shop XTREME Appliances on its official Flagship Store on Shopee and Lazada to steal these price drops from Shopee 3.3 Mega Shopping Sale and Lazada 3.3 Bonggang Bday Fest.
To know more about XTREME Appliances, visit us on Facebook, Lazada, Shopee, and XTREME Website.


