While getting insurance coverage or any type of financial service is an important step towards independence, it is still considered to be a daunting task for many Cebuanos. There is a negative misconception that getting financial services entail long processes and unnecessary expenses. Furthermore, the countless products available, different terms, and application requirements usually scream confusion and intimidation, making others forgo the process altogether.
GoBear, Asia’s first and only metasearch engine for insurance and banking services, is here to bridge that gap. With GoBear, Cebuanos can now easily compare different financial products including insurance, credit cards, and loans right from their computers or mobile phones. Users do not have to worry about details that might have been overlooked because GoBear takes pride in its unbiased, simple, and transparent way of offering consumers with the best deals. While GoBear is home to a number of financial products locally, the website does not sell nor promote any particular product. GoBear simply compares and aims to give users the power to choose what will best suit their needs.
According to GoBear Philippines Country Director Rommel Torres, people are usually forced to make decisions quicker when they are left with little to no options. With the establishment of GoBear, a tool is now made available for Cebuanos to weigh their options in a completely transparent, quick, and understandable way, leading them towards increased financial literacy and responsibility.
GoBear does not only help consumers become smarter when it comes to their financial needs, but it also aids financial providers shape or develop their products according to the needs of the market. “GoBear has placed the decision power into the consumer’s hands. It lets users publish reviews and those can drive changes in the way that banks and insurers do their business,” Torres says.
GoBear Philippines currently features travel insurance, credit cards, and personal loans, and will be expanding into the car insurance, car loans, home loans, and health insurance categories.