FWD Life Insurance introduces an artificial intelligence (AI)-powered tool that suggests insurance coverage plans, based on similar customer profiles. This new platform, FWD FitForMe, is free to use to help bridge the protection gap and increase financial inclusion.

The Philippines has one of the lowest insurance penetration rates in the region, at under 2 percent, according to the Insurance Commission. This protection gap in essential coverage leaves many Filipinos exposed to additional economic risks, a challenge FWD is addressing proactively.