Moneymax, the Philippines-based personal finance marketplace for financial products and a subsidiary of MoneyHero Limited, has on Friday announced its strategic partnership with FWD Life Insurance (FWD Philippines) to offer life insurance in the Philippines.

The duo said in a statement that through this partnership, Moneymax adds FWD Philippines’ diverse portfolio of protection and life insurance products into its online financial comparison and digital insurance platform, including FWD’s The One, Set for Health, and Set for Life to help protect Filipinos against critical illness, accidental death, and get lifetime protection.

By leveraging Moneymax’s leading personal finance and digital insurance ecosystem and FWD’s expertise in life insurance, the duo said Filipinos now have the essential tools to make well-informed financial decisions and enjoy a seamless shopping experience.

They said it enables Filipinos to secure their financial well- being with more accessible content and life insurance products that cover their everyday life with protection and empower them to celebrate living.

“We are thrilled to partner with FWD which underscores our commitment to enabling Filipinos in making better financial decisions for insurance products,” said Group Head of Insurance, Tom Kapeller at MoneyHero Group.

“We believe that access to a wide range of life insurance options, as well as independent and unbiased information are crucial in helping our users secure their financial future,

“By joining forces with FWD, we are confident that we can provide our customers with fair and innovative insurance products, and help them understand life insurance for a simplified purchase experience,” he added.

Meanwhile, FWD Philippines’ Chief Partnership Officer Irene Andas said the firm’s goal is to support nation-building by helping bridge the protection gap.

“By offering our products through Moneymax’s digital platform, we’re ensuring that more individuals have access to the protection they need to build their best future,” she said.

FWD Philippines’ Chief Marketing and Digital Business Officer, Roche Vandenberghe also said that FWD Philippines is celebrating ten years of innovation, committed to delivering best-in-class customer experience.

“Partnering with Moneymax, we are not just streamlining insurance purchases but making it easier to buy – ensuring a seamless journey for Filipinos to take control of their financial future,” he added.

Moneymax is the Philippines’ largest personal finance marketplace for products such as car insurance, credit cards, and loans.

Over 40 million Filipinos have been using the firm’s services since its establishment in 2014.

MoneyHero Group, formerly known as Hyphen Group or CompareAsia Group, is a market leader in the online personal finance aggregation and comparison sector in Greater Southeast Asia.

The Company operates in Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia with respective brands for each local market.

MoneyHero currently manages 279 commercial partner relationships and services 8.7 million monthly unique users across its platform for the 12 months ended
December 31, 2023.

The company’s backers include Peter Thiel, the Co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group.

FWD Philippines launched its commercial operations in September 2014.

The firm is part of FWD Group, a pan-Asian life insurance business with more than 13 million customers across ten markets, including some of the fastest-growing insurance markets in the world.

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