Cebuana Lhuillier Insurance Brokers, Multisys ink pact on a digital platform for insurance providers

Published August 12, 2022, 10:55 PM

by Jonathan Castillo

Cebuana Lhuillier Insurance Brokers Inc. (CLIB), in collaboration with Multisys Technologies Corporation — a software engineering solutions firm — developed a new online platform designed for insurance providers.

Cebuana Lhuillier Insurance Brokers Inc. and Multisys launch Insurebox, a new online insurance marketplace. (From left): Jonathan Batangan, first vice president and group head, Cebuana Lhuillier Insurance Brokers, PJ Lhuillier Inc.; Attorney Kath Mila, chief operations officer, Multisys; Ergilio Ong, senior vice president and Mancom chairman, PJ Lhuillier Inc.

The website, called Insurebox, serves as an end-to-end e-commerce platform where CLIB can conveniently offer its products and promos, making it more accessible to the public. 

Insurebox offers CLIB’s Compulsory Third Party Liability (CTPL) insurance, one of LTO’s requirements in motor vehicle registry, for as low as Php 300. Other pertinent insurances like personal accident and health insurance will also soon be available in the platform. 

“We are glad to move forward with yet another innovation with Multisys. Working with them for years has greatly helped our company toward our digital transformation journey. With this new collaboration, we can provide a more affordable insurance option to our kababayans and bring financial inclusion to all Filipinos by making our services more accessible anywhere in the archipelago,” Cebuana Lhuillier president and CEO, Jean Henri Lhuillier said.

Among the features that will be in Insurebox is a smart e-KYC (know your client) system that will allow providers to verify customers and understand their needs to be able to recommend appropriate and tailor-fit products.

Policyholders will also be able to pay for their insurance premiums through various digital payment methods such as debit/credit, bank transfers, and e-wallets. This will also enable them to monitor their transactions real-time, including previous payments and unpaid settlements.

“This marks another milestone in CLIB’s portfolio as an insurance broker. As we plan to make more Filipinos protected, we are thrilled to deliver more efficient services and launch affordable,on-demand insurance products on the platform soon,” First Vice President and CLIB Group Head, Jonathan Batangan added.