Newcomer Oona Insurance expects to generate over P2.5 billion in revenues in 2025, driven by strong growth in travel and motor insurance and sustained momentum from its digital and banking partnerships.
Oona chief executive Abhishek Bhatia said the company is targeting at least 35 percent revenue growth and 50 percent growth in profitability in 2025.
He said Oona is not aiming to break even at the expense of long-term investments.
“I wouldn’t want to break even by cutting back on investments. That would jeopardize the long-term future for short-term gains,” he said in a briefing Wednesday.
The regional insurer has invested over P100 million in IT infrastructure in the last two years, including heavy spending in 2023.
While technology expenditures are expected to remain flat in 2025, Bhatia said earlier investments are now translating into stronger performance.
The Singapore-based insurer currently has around 15 active partnerships with leading banks, e-wallets, and digital platforms and remains open to working with firms seeking to embed insurance offerings within their ecosystems.
“These channels are growing well, and we’re seeing strong traction in both travel and motor insurance,” Bhatia said.
