Axinan, Mercantile to launch phone insurance

25 September 2019

SINGAPORE-BASED insurtech firm Axinan has entered the Philippine market as it is set to launch a smartphone insurance product with The Mercantile Insurance Co., Inc. (Mercantile).

The two firms are set to launch the digital mobile insurance product Mobile 360 via Axinan’s igloo app, where consumers will be able to buy policies and make claims digitally. The product covers screen, camera, battery, accidental and liquid damage protection for phones.