Philippine Bank of Communications to enter into an insurance distribution partnership with Etiqa Life and General Assurance Philippines Inc. (ETIQA Philippines), subject to regulatory approvals. The proposed agreement is composed of 2 phases, 6 months for the Pilot Phase and 15 years for the regular phase, the latter commencing upon the completion of the Pilot Phase. The exclusive partnership will allow PBCOM to distribute Etiqa's simple and non-simple insurance products to PBCOM clients, covering both life and non-life insurance.

Etiqa Philippines provides a wide range of Group life and General Insurance, Group Medical Benefits, Individual Life and Non-Life, and variable products that cater to various protection, savings and investment needs across all market segments. It is also one of the leading providers of Group Health insurance with over 1,600 accredited hospitals and clinics nationwide, 30,000 doctors and a 24/7 in-house call centre. Founded in 1939, PBCOM has its roots in Binondo, Manila and now operates 95 branches across the country.

It has likewise expanded its offerings digitally through Cash Management (PBCOM POP-Business) and its online and mobile banking platforms, PBCOM POP-Personal and PBCOM Mobile. As of June 2022, PBCOM has a capitalization of PHP 14.4 billion and total assets of PHP 116.1 billion.