DITO Telecommunity Corp. has forged a strategic partnership with insurtech firm Stere Asia Pacific Pte. Ltd. to extend digital insurance access to its subscriber base, focusing on underserved and emerging market segments across the Philippines.
Under the arrangement, Dito’s telecommunications platform and nationwide reach will serve as the distribution channel for Stere’s insurance products, allowing subscribers to access protection services digitally.
Stere Asia Pacific Regional Head Myla Gonzales said the decision to partner with Dito was driven by the alignment between the telco’s subscriber profile and the segments Stere is targeting.
‘Of everybody, Dito’s portfolio of subscribers are the ones that match exactly how protection is applied-important and needed by our nation,’ Gonzales said in an interview. ‘We believe in the tech and strength of Dito’s infrastructure. Our visions are aligned.’
Insurance providers under Stere include PGA Sompo, Starr Insurance Companies, iCare, and HiDoc.
‘What we’re doing now is really an evolution of our company. We continue to move beyond telco; we are becoming a digital experience company. This partnership with Stere is a step toward that direction,’ said Dito Chief Revenue Officer Adel Tamano.
Dito’s subscriber base is at 17 million. It is targeting to carve out a third of the Filipino telco market, according to Eric R. Alberto, the CEO of Dito.