Igloo, a leading regional insurtech, has teamed up with motorcycle ride-hailing giant Angkas to roll out affordable personal accident and medical insurance coverage for more than 20,000 Filipino riders, addressing a long-standing protection gap in the country’s fast-growing mobility sector.
Ride-hailing services have become a vital part of everyday urban transport in the Philippines, where public transportation remains fragmented and often unreliable.
With the sector projected to generate up to $1 billion in revenue by 2030, motorcycle taxis have emerged as a lifeline for millions of commuters—and a primary source of income for thousands of riders navigating increasingly congested roads.
Despite their critical role, many riders continue to operate without adequate insurance protection against accidents and mounting medical costs. This vulnerability has prompted regulatory attention, with the Philippine Insurance Commission issuing a draft circular proposing mandatory Passenger Personal Accident Insurance coverage for motorcycle taxi services.
The move highlights the growing urgency of safeguarding both riders and passengers as the mobility ecosystem expands.
As the country’s largest motorcycle ride-hailing platform, Angkas boasts more than 20,000 registered riders and over 11 million app downloads nationwide. Through its partnership with Igloo, Angkas riders are now automatically enrolled in Personal Accident plans, providing insurance protection for themselves and their passengers while completing rides on the road.
“This partnership aims to provide thousands of Filipino riders access to affordable insurance embedded directly into the platform where they earn their livelihood, closing the protection gap by reaching them where they are,” said Raunak Mehta, co-founder and CEO of Igloo.
“At Igloo, our mission is to make insurance accessible, relevant, and affordable for all, and we will continue forging partnerships like this to advance that vision across the region,” Mehta added.
Under the program, riders and passengers are each covered for a minimum premium of just 52 cents per ride. The coverage includes personal accident benefits of up to P650,000, medical coverage of PHP 200,000, and access to a free private ambulance service—providing critical financial and medical support when it matters most.
“Our riders’ safety is our top priority at Angkas, and this milestone partnership allows us to provide even more support for them,” said Angeline Tham, founder of Angkas. “By working with Igloo, we’re able to offer accessible coverage that protects our riders and strengthens the trust that millions of Filipinos place in our service every day.”
The collaboration forms part of Igloo’s broader push to make insurance more inclusive across Southeast Asia, particularly for gig workers and underserved communities. By embedding protection directly into digital platforms used daily by millions, the insurtech firm is helping create safer livelihoods for riders while enabling more secure commutes for passengers across the region.
More information on Igloo’s products and services is available at iglooinsure.com.
