In connection with the disclosure last 28 September 2022, the Philippine Bank of Communications (PBCOM) announced that it has entered into an exclusive Insurance Distribution Agreement with Etiqa Life and General Assurance Philippines Inc. (Etiqa Philippines). The pilot phase of the distribution partnership is expected to commence upon securing the relevant regulatory approvals. The partnership brings together Etiqa's extensive range of insurance solutions with PBCOM's growing client base and distribution network across different channels.

PBCOM's legacy spans 83 years and had recently applied to upgrade its license to a Universal Bank. Its across-the-board portfolio of banking services includes consumer loans, corporate and commercial banking, trading, trust and transaction banking. PBCOM has a nationwide network of 95 branches and branchless banking through PBCOM Mobile and PBCOM POP Business and Personal.

As of June 2022, PBCOM has a capitalization of PHP 14.4 billion and total assets of PHP 116.1 billion. Etiqa Philippines is a regional brand that offers a wide range of Life, Health and Non-Life insurance products under its composite license. For over 60 years, it has been one of the leading providers of Group Health Insurance to major conglomerates and corporations across industries, with over 1,600 accredited hospitals and clinics, and 30,000 doctors nationwide.

Etiqa's headquarters is based in Kuala Lumpur, Malaysia with regional presence in Indonesia, Singapore, Philippines and Cambodia.