THE Philippine Bank of Communications (PBCOM) announced earlier this week that it has entered into an exclusive insurance distribution agreement with Etiqa Life and General Assurance Philippines Inc. (Etiqa Philippines).

In connection with the disclosure last September 28, PBCOM said in a separate statement that the pilot phase of the distribution partnership is expected to commence upon securing the relevant regulatory approvals.

“The partnership brings together Etiqa’s extensive range of insurance solutions with PBCOM’s growing client base and distribution network across different channels,”said the universal bank.

The 83-year-old PBCOM’s portfolio of banking services includes consumer loans, corporate and commercial banking, trading, trust and transaction banking with a capitalization of P14.4 billion and total assets of P116.1 billion.

Etiqa Philippines is a regional brand that offers a wide range of life, health and non-life insurance products under its composite license. For over 60 years, it has been one of the leading providers of Group Health Insurance to major conglomerates and corporations across industries, with over 1,600 accredited hospitals and clinics, and 30,000 doctors nationwide. Etiqa’s headquarters is based in Kuala Lumpur, Malaysia with regional presence in Indonesia, Singapore, the Philippines and Cambodia.