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 ru-ral communities, through a new corporate social responsibility project, Allianz Kaagapay.
“Most of those who do not have insurance are from the most vulnerable areas of the coun-try. Through our partnership with Reach52, we aim to provide these communities the pro-tection they need during these challenging times,” Allianz PNB Life President and CEO Alexander Grenz said.
Founded in 2016, Reach52 provides screening, health worker training, affordable medi-cines, 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 partner-ships with the public and private sector.
Through Allianz Kaagapay, Reach52 will be providing PhP25,000 worth of life insurance that includes COVID-19 coverage to its members for every purchase an Allianz Well! in-surance product from August 1 to December 20, 2020. Members from Pototan and Cuar-tero, Iloilo will be the first beneficiaries of the insurance package.
“Our members are essential in our goal of extending primary care to the 52% of the world’s population who still lack access to essential health services. They are our access manag-ers, the ones who help us fill the gap in the healthcare system in remote rural communi-ties. We thank Allianz PNB Life for providing this support to our members,” Edward Booty, Founder and CEO of Reach52, said.
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 tele-consultation, health screening, dental services, physical activity programs, and nutrition counseling.
“Allianz continue 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,” Grenz said.
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 indige-nous youths in Pampanga through the sport of obstacle course racing and financial liter-acy.
Reach52 is an award-winning social enterprise, delivering healthcare for the 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 sec-tor.
Currently reach52 operates their on-the-ground services for over 500 communities in the Philippines, Cambodia and India, with further countries in the pipeline, and have partner-ships 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 cul-tures, 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 ac-tive in 14 markets in the region, offering its core businesses of property and casualty in-surance, 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.
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 insur-ance.
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 pro-cesses 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
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, statements of future expecta-tions and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such for-ward-looking statements.
Such deviations may arise due to, without limitation, (i) changes of the general eco-nomic conditions and competitive situation, particularly in the Allianz Group’s core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortali-ty and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the EUR/USD exchange rate, (ix) changes in laws and regulations, in-cluding tax regulations, (x) the impact of acquisitions, including related integration is-sues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their conse-quences.
No duty to update
The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.
Allianz SE is committed to protecting your personal data. Find out more in our Privacy Statement.