“Most of those who do not have insurance are from the most vulnerable areas of the country. Through our partnership with Reach52, we aim to provide these communities with the protection they need during these challenging times. Allianz continues to provide clients with insurance products that cater to the full needs of our customers across the various stages of their lives. In this crucial and uncertain times, we want our customers to have peace of mind knowing that Allianz cares for them and we are here to keep our promise that they can rely on us when things go wrong.” ~Alexander Grenz, Allianz PNB Life President, and CEO
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| Alexander Grenz, President and CEO, Allianz PNB Life |
Allianz PNB Life has partnered with award-winning social enterprise Reach52 to promote the importance of inclusivity in insurance in the country, especially in the underserved rural communities, through a new corporate social responsibility project, Allianz Kaagapay.
According to the Insurance Commission (IC), insurance penetration remains low in the Philippines at only 1.69 percent as of September 2019. Through this partnership, both Allianz and reach52 will work together to help close the protection gap and bring physical and financial health to more Filipinos.
According to the Insurance Commission (IC), insurance penetration remains low in the Philippines at only 1.69 percent as of September 2019. Through this partnership, both Allianz and reach52 will work together to help close the protection gap and bring physical and financial health to more Filipinos.
Founded in 2016, Reach52 provides screening, health worker training, affordable medicines, insurance, diagnostics, and consumer health products in rural regions that existing services don’t reach. This is achieved through establishing health systems and services, powered by mobile apps and tech platforms, a community-based workforce, and partnerships with the public and private sector.
Achieving a Healthy Population (working and non-working) in the Time of the Pandemic. Did you know that 3.7 billion people still lack access to healthcare but income levels are rising (giving some ability to pay)? Universal Healthcare is coming, but there is still a gap in protection and a willingness-to-buy if good products are available.
Providing workers occupational safety and health protection amid the threat of COVID-19. Ensuring health protection to those vulnerable for the non-working population. Launch of Project Kaagapay, a health and CSR project of Allianz and Reach52 for rural communities.
“Our members are essential in our goal of extending primary care to 52% of the world’s population who still lack access to essential health services. They are our access managers, the ones who help us fill the gap in the healthcare system in remote rural communities. We thank Allianz PNB Life for providing this support to our members.” ~Edward Booty, Founder, and CEO of Reach52
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| Edward Booty, Founder, and CEO, reach52 |
Allianz Well! is Allianz PNB Life’s health insurance product that has an annual plan limit of up to PhP100 million. It covers COVID19 hospitalization and ICU expenses up to the plan limit to support PhilHealth and HMO coverages. Its coverage also includes access to expert medical advice, 24/7 teleconsultation, health screening, dental services, physical activity programs, and nutrition counseling.
This is not the first time that Allianz PNB Life has launched a project aimed at inclusivity. Prior to Allianz Kaagapay, it launched Project Sanlahi, which aimed to empower indigenous youths in Pampanga through the sport of obstacle course racing and financial literacy.
Difficult times are ahead of us as we venture into the "new normal", Allianz will continue to find innovative ways to connect with its stakeholders and everyone affected by the COVID-19 pandemic.
About Reach52
Reach52 is an award-winning social enterprise, delivering healthcare for 52% of the world who can’t access health services. They deliver screening, health worker training, and affordable medicines, insurance, diagnostics, and consumer health products in rural regions where existing services don’t reach. This is achieved through establishing health systems and services in these underserved areas, powered by their mobile apps and tech platforms, community-based workforce, and partnerships with the public and private sector.
Currently, reach52 operates its on-the-ground services for over 500 communities in the Philippines, Cambodia, and India, with further countries in the pipeline, and have partnerships with over 20 leading global and regional organizations.
About Allianz in Asia
Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages, and customs. Allianz has been present in the region since 1910 when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life, protection, and health solutions, as well as asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and digital platforms.
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life, and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group
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