Home Lifestyle Robinsons Bank invests in insurance brokerage company

Robinsons Bank invests in insurance brokerage company

True to its vision of fulfilling the customers’ changing needs, Robinsons Bank has expanded its footprint on insurance offerings by strengthening its investment in a JG Summit Holdings Inc. (JGSHI) business, UNICON Insurance Brokerage Corporation (UIBC).  

RBank has acquired more than 85,000 unissued common shares of UNICON, equivalent to 40% of their total outstanding stocks. 

UIBC has been strongly supporting the JG ecosystem through its insurance solutions. However, with the goal to expand market base and serve the insuring public outside of the conglomerate, UNICON sees to benefit from RBank through its wide network of branches, agency banking services, and digital banking channels. 

“We saw the strategic fit of forming an alliance between the two companies. UNICON has realigned its strategies to provide its services and expertise not only to the JG Summit conglomerate but also to the insuring public as RBank will be able to give UNICON access to a broader market. This strategic partnership will allow us to offer Filipinos with better choices all while creating shared success with our stakeholders,” UNICON President and Chairman Lance Y. Gokongwei stated.

“Through this investment, we are able to expand our services and make insurance products, both life and non-life, more accessible to our clients. This is an opportunity for RBank to offer Filipinos with more ways by which they can secure their future,” RBank President and CEO Elfren Antonio S. Sarte expressed. 

RBank and UNICON aim to respond to the needs of their clients by providing insurance solutions that suit the demands of the market. 

With its ambition to become a full-service universal bank, RBank continues to widen its products and services to be responsive to the needs of the Filipino people. In November 2020, RBank also renewed its bancassurance partnership with Pru Life UK, which allows the Bank to make life insurance products easily available to its clients.

-- Advertisement --
-- Advertisement --
-- Advertisement --
-- Advertisement --

Latest Articles

This couple creates meaningful business amidst the pandemic

The pandemic has seen a rise in self-starter entrepreneurs eager to turn things around. Entrepreneurial couple Jibby and Charisse Tinio took it...

Caltex & PayMaya announce winners of P700k worth of prizes in #ScanToPay promo

Caltex, marketed by Chevron Philippines Inc. (CPI), and digital financial services leader PayMaya gave away P700,000 worth of prizes to raffle winners paid using PayMaya QR for their transactions at Caltex stations...

Workplace inclusivity becomes reality as PWDs gain opportunities with Microsoft’s Enabler Program

Participants of Microsoft's Enabler Program are proving that with strong support and equal access to employment, Persons with Disabilities can contribute meaningfully...

Tips on how to keep kids safe online

A year into the pandemic, many adults remain working from their homes and children continue with remote learning, making it critical for parents...

Win as much as P100k when you send money from PayMaya to Smart Padala

Sending Padalove to your friends and family from the safety of your home has just become even more rewarding as PayMaya and Smart Padala...


2nd Opinion
Delivering the latest news, features, and product reviews in the worlds of cars, technologies, and lifestyle since September 2014.


Please enter your comment!
Please enter your name here