Igloo appoints Ramjit Lahiri to lead high-stakes Philippines expansion

Southeast AsiaInsurtech
Written By Chester Tan

e27 profiled Igloo's appointment of Ramjit Lahiri as Philippines Country Head, framing it as a high-stakes bet on one of Southeast Asia's largest protection gaps. The piece noted that while total premiums in the Philippines reached PHP502.6 billion (US$8.9 billion) in 2025, insurance penetration has only inched to between 1.78% and 1.79% of GDP, and GlobalData estimates a catastrophe protection gap of around 98%.

CEO Raunak Mehta was quoted: "Over the next two to three years, we expect rapid scale in the Philippines as embedded insurance becomes part of how Filipinos interact with financial services."

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Chester Tan
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