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Insurtech Venture Troo Marks Fourth Year of Operations

Anjie lou delos Reyes
EastWest Bank and multi-national insurance company Ageas celebrated the fourth anniversary of Troo, a joint venture of the mentioned firms that offers life insurance to clients of EastWest Bank and Filinvest Group.

EastWest Bank, Ageas Celebrate Fourth Year of Insurtech Venture Troo
EastWest Bank, Ageas Celebrate Fourth Year of Insurtech Venture Troo

According to Troo President and Chief Executive Officer, Insurtech Venture is the first in the world to have an end-to-end integrated IT platform on the cloud and be able to use it for an optimized and seamless experience.

“From the start, Troo has been embracing the latest technology and digital solutions as a core of its daily business,” said Loozekoot.

In line with its anniversary, Troo announced the BuildWealth Limited Pay, a real limited pay variable unit-linked (VUL) product, and the first of its kind in the country. With this, customers may choose a payment period duration of 3, 5, 7, or 10 years. The BuildWealth Limited Pay is the third option in the array of VUL solutions that combine life insurance and investment options.

With the new insurance solution, Troo aims to become one of the top 10 life insurance players in the country.

“GoTroo is integrated with our back-end systems,“ said Loozekoot. “And it will give customers access to real-time information on their Troo policy. Additional innovative functionalities of the platform such as voice recognition for login and chat features are underway.”
“Bancassurance is a key pillar of our growth strategy,” stated EastWest Bank vice-chairman and CEO Antonio C. Moncupa, Jr. “We now offer a complete menu of financial services to every Filipino — whatever their needs may be.”

Troo also shared that it will soon be launching its GoTroo customer engagement platform for mobile devices.

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