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.
About Robinsons
Bank
Robinsons Bank is
the financial services arm of the JG Summit Group of Companies, one of the
largest conglomerates in the Philippines. It currently ranks 18th among
universal and commercial banks in the country, with assets amounting to Php
131.088 Bn as of December 2019. The Bank is recognized as the Fastest Growing
Retail Bank in the Philippines for 2019-2010 by The Global Banking and Finance
Review; Fastest Growing Commercial Bank in the Philippines for 2019 and 2020 by
the Global Business Outlook; and the Best Commercial Bank in the Philippines
for 2020 by the International Business Magazine.
For inquiries and
concerns, you may reach Robinsons Bank through its Customer Care Center at (02)
8637-CARE (2273) or domestic toll-free 1-800-10-637-CARE (2273); or visit its
website at www.robinsonsbank.com.ph. Like us on Facebook at
www.facebook.com/robinsonsbank/ and join our Viber Community at
www.bit.ly/RBankCommunity to get the latest updates.
About UNICON insurance brokerage company
UNICON
Insurance Brokers Corporation has been in the business since 1980 specializing
in all lines of insurance. The company is 100% owned by JG Summit Holdings,
Inc. headed by its Chairman and President, Mr. Lance Y. Gokongwei.
With its vision to be recognized for excellence in insurance broking and
advisory skill providing superior service, it has been strongly supporting the
diverse clients from conglomerates and affiliates of JG Summit Holdings, Inc.
Being recognized as one of the top Insurance Brokers in the country, UNICON is
now geared to service and provide its expertise to the insuring public outside
the JG Summit conglomerates. For this reason, UNICON guarantees to develop
professionals with exceptional proficiency to manage the insurance requirements
of these different businesses and makes certain that the best and most suitable
insurance solutions are binded for each and every type of business
operation.
