Security Bank has Partnered with PhilBritish to Provide Non-Life Insurance to Corporate Clients

Security Bank announced a new partnership with PhilBritish Insurance, a leading non-life insurance provider, to assist businesses in managing risks such as fire, flood, robbery, theft, and food poisoning.

The cooperation benefits the bank's MSME and corporate clients by providing advantageous pricing, making it easier to process applications, payments, and renewals, and improving compliance with government-mandated insurance requirements.

The Bank collaborated with PhilBritish to develop a variety of a la carte non-life or business insurance products, including Office/Store Property Insurance, Company Car/Auto Fleet Insurance, Comprehensive General Liability Insurance, Fidelity Guarantee Insurance, Money Inside and Outside Insurance (or Money, Salary, Payroll, and Robbery), Contractor's All Risk Insurance (CARI), and performance bonds.

“Partnering with PhilBritish Insurance aligns perfectly with our mission to empower businesses with holistic and comprehensive financial solutions,” said John David Yap, Business Banking Segment Head at Security Bank. “By offering non-life insurance products tailored to the needs of MSMEs and corporate clients, we can help them safeguard their assets and comply with government regulations more efficiently. This collaboration underscores our commitment to being the most customer-centric bank in the Philippines.”

PhilBritish is a 100% Filipino owned non-life insurance company that has been serving the Filipino community since the 1960s. Today, it writes more than PHP2 billion in premiums from 31 branches and agencies nationwide. “We are pleased to collaborate with Security Bank to provide specialized non-life insurance products designed for MSMEs and corporate clients,” said Rosario W. Cuyegkeng, Chairman of Philippine British Insurance. “This partnership enhances our dedication to protecting Filipino enterprises while ensuring they stay compliant with regulatory standards.”

The partnership with PhilBritish follows several recent initiatives to strengthen the bank's support for MSME and corporate clients, such as the Beyond Banking Partnership program, which offers business clients preferential discounts and exclusive access to third parties, and the Security Bank Collect digital payment platform, which allows for real-time payment monitoring and reconciliation.