MANILA, June 17, 2026 – Millions of Filipinos are at risk of financial vulnerability, largely due to a lack of essential insurance coverage. To address this protection gap and empower underserved Filipinos, UnionDigital Bank (UD) and Chubb Philippines today announced a strategic partnership to offer Chubb’s insurance solutions directly on the UD app. These comprehensive solutions will be seamlessly integrated into UD’s suite of financial products, making protection more accessible for consumers.
According to the most recent Financial Inclusion Survey (FIS) conducted by the Bangko Sentral ng Pilipinas (BSP), 48% of adult Filipinos are currently uninsured. This lack of protection leaves families ill-prepared for unexpected life events – for example, an average ₱50,000 in emergency savings is often an inadequate safety net for major illnesses, which can cost upwards of ₱690,000.
The two key insurance products in the initial rollout are:
Danilo “Bong” Mojica II, PhD, UD President and CEO, said, "This partnership marks a pivotal step in our mission to bring insurance protection to millions of Filipinos. We are fueling the ‘Kaya Mo’ mindset by giving them access to a suite of financial tools, including insurance protection, to build financial resilience – allowing them to weather unforeseen setbacks without losing everything. By embedding insurance seamlessly into their daily banking, we provide a vital safety net, empowering them to protect their hard-earned progress and pursue their aspirations with confidence."
Mari Rachelle Canta, Country President of Chubb Philippines, said, "Chubb is committed to supporting UD in strengthening financial inclusion in the Philippines by providing consumers with insurance that is accessible and affordable. Our products are designed to help build financial security for un- and under-insured Filipinos, ensuring they have access to crucial protection when they need it most. By partnering with UD, we look forward to leveraging our combined strengths to deliver customer-focused insurance solutions to UD customers."
This partnership between UD and Chubb Philippines reflects a growing shift toward embedded finance in the Philippines, removing traditional barriers to insurance while encouraging responsible borrowing and saving. It reinforces the commitment of both UnionDigital Bank and Chubb Philippines to help foster a more financially secure future for Filipinos.
Learn more about these protection solutions here: https://www.uniondigitalbank.io/en.
###
About UnionDigital Bank
UnionDigital Bank (UD) is the digital banking subsidiary of Union Bank of the Philippines and is regulated by the Bangko Sentral ng Pilipinas. Born from UnionBank’s legacy of bold digital transformation, UD exists to bring real financial inclusion to life for every Filipino.
As a fully digital bank, it offers accessible financial tools, responsible lending products, and customer-first innovations tailored to empower the underserved and unbanked communities.
UD is more than a digital bank — it’s every Filipino’s ka-diskarte, empowering them to move forward with confidence and inspiring the belief that: Kaya Mo, Kaya Natin, Sama-sama Kaya Natin Lahat.
For more information, visit www.uniondigitalbank.io.
Download the UD app now on the App Store, Play Store, or HUAWEI AppGallery by clicking here.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.