We live in a digitized era. Our professional and personal lives go by the dictum that data should drive our actions and reactions. In the course of doing business, companies receive and handle a significant volume of data, and in many instances, this data will include critical—and sensitive—personal data about individuals, be they customers or even employees. Data is increasingly seen as essential to be competitive and is, in its own way, a currency. However, being a data handler also comes with responsibilities and significant risk. In the Philippines, an archipelago composed of 7,107 islands and a population of over 100 million, legislators realized that legislation needed to catch up with this new digital reality.

The UK Group Risk market – even more employees and premiums but, continuing a theme, still too few employer customers purchasing group risk benefits

In today’s landscape, employee benefits need to become the hot topic of conversation. There are many factors driving this since the demographics surrounding today’s workforce are constantly changing. With evolving employee demands and expectations, and new ways of working (think gig economy), employers need to play the employee benefits card to entice potential and current talent to stay put.

Global Benefits Vision: Reto, thank you for agreeing to this interview. Has elipsLife adopted InsurTech? What is your strategy going forward and what are your achievements regarding InsurTech? Reto Toscan: InsurTech is a hot buzzword that gets thrown around a lot, but at elipsLife we’ve embraced it by building one of the most digital and integrated platforms in the business.