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Henry V. Moran thanked Allianz PNB Life and partners for their continued support of Liga Eskwela.
The festival highlighted how futsal is increasing in popularity among school children and how Liga Eskwela has evolved into a platform for holistic youth development, equipping underprivileged Filipino youth with valuable life lessons through sports.
Allianz PNB Life Insurance Inc. (Allianz) has renewed its contract with the Creamline Cool Smashers, champions of the Philippine Volleyball League (PVL), and welcomed the Choco Mucho Flying Titans, the PVL runner-up, to its athlete ambassador family. The event celebrated the company's commitment to promoting a healthy society by championing homegrown athletes.
Joe Gross, Allianz PNB Life President and CEO, expressed his excitement for the new partnership, saying, “We are thrilled to welcome the Choco Mucho Flying Titans to the Allianz athlete family. Allianz supports about 150 athletes globally as they embody and share the values and attributes of our employees and Life Changers: discipline, passion, and excellence. Sports has been a medium to bring people together and celebrate unity and the human spirit. With Allianz, it has always been more than sports itself – it’s about having ‘every Juan’ in on conversations that matter: better world through sports, raising awareness on health and wellbeing, importance of protection and health."
Allianz PNB Life has shown substantial growth in various aspects in 2022; the organization was ranked Top 3 in terms of Gross Written Premium and New Business Annualized Premium Equivalent in the Philippine Insurance Commission’s (IC) latest industry performance report, which covers the second quarter of 2022. Allianz PNB Life also continues to be the leader in bancassurance in the country through the dedication of its financial advisors alongside sustained marketing efforts.
Allianz PNB Life and the Philippine National Bank (PNB) are opening opportunities for their customers to take the first step towards a more secure and financially protected future through their brand-new Life Track Station, recently launched at the PNB Financial Center in Pasay City.
“The Life Track Station serves as a physical reminder to PNB’s customers of the importance of protection and health,” said Allianz PNB Life Chief Marketing Officer Gino Riola. “Both organizations share the same customer-centric values, so we want to ensure that, through the Life Track Station, PNB customers know that Allianz’s life-changing insurance solutions are available and accessible to them.”
The ABF has facilitated several virtual conferences in the last two years, such as the 2020-2021 ABF Retail Banking Conferences and the FSI Conference. This year, the ABF Summit aimed to explore the digitalization of the financial services sector, and cover pressing topics such as fintech, data analytics, and issues that may arise due to this new and rising trend.
Riola, together with the Director of Simon Kucher & Partners Chetan Prakash and Chief Technical Officer of Sompo Holdings Asia Aditya Vardhan Tibrewala, took part in a panel discussion moderated by ABF Publisher Tim Charlton about digitalization in the insurance space. Riola pointed out the low insurance penetration rate in the Philippines and emphasized how utilizing data and technology helps Allianz PNB Life reach more prospects and develop products that its customer base needs.
“Digitalization for us is extremely important in terms of reaching out to customers and prospects. It provides an avenue for stimulating, productive conversations with the customer, fostering interactions with them that are both timely and relevant,” said Riola. “Here in the Philippines, insurance penetration rate is 2%. Because of the pandemic, digitalization ensures that we have more effective ways of reaching our customers.”
Riola further explained how Allianz PNB Life also ensures that its current customers have access to their policies.
Riola also briefly introduced the Vivy app, an all-in-one hub for every customer’s protection and health needs. The app marks Allianz PNB Life’s latest venture into digitalization, allowing the company to bring relevant protection and health content to its users. The goal of the project is to help customers learn about their own health conditions as well as the important role insurance will play in securing their future.
“Technology is a means to an end, not the end itself,” Riola highlighted. “It is a means of getting faster to the consumer, [and] also helps in terms of better understanding the consumers and the policyholders that we already have. We can then improve our services and processes, but more importantly, [develop] new solutions that when we created the product we weren’t already thinking of.”
For more information on the Allianz Healthbox, Allianz Vivy app, and other products and services Allianz PNB Life offers, please visit www.allianzpnblife.ph.
See a video documenting the clean-up efforts here: https://www.youtube.com/watch?v=ZJnJuR2XNZ8
Xavier School President, Fr. Aristotle Dy, S.J., said, “Waste management is one of the most basic practices that needs to be pushed in a big way.” He tied this to the lesson of the church and the Jesuits that we must take care of God’s creations as they are a gift to mankind. “This recycling activity proposed by Allianz PNB Life was very timely in light of the transition to the need for a cleaner post-pandemic world.”
Allianz PNB Life upholds its commitment to sustainable transport and health protection through the recent reveal of the brand-new Allianz Ride Safe Mural. The mural can be found at the Apartment Ridge Underpass in Ayala, Makati.
Prominent Allianz PNB Life executives like President and CEO Alexander Grenz and Chief Marketing Officer and Head of Sustainability Gino Riola were present at the unveiling, as were Makati City Mayor Abigail Binay, Makati Business Club Chairman Edgar Chua, AyalaLand Marketing Head Chrissy Roa, and LT Group Vice Chairman and Chief Operating Officer Lucio Tan III. Other guests include Economic Counsellor of the German Embassy David Klebs, Cong. Jose Francisco Benitez from the Third District of Negros Occidental, Head of Makati Central Estate Association (MACEA) Engr. Getty Granada, and star athletes and Allianz PNB Life brand ambassadors EJ Obiena and Alyssa Valdez. Glendford Lumbao, the rising Filipino artist commissioned by the organization for the creation of the mural, was also in attendance.
“It’s a beautiful piece of art that really captures the depth of Ride Safe’s sustainability message,” said Riola. “Cycling is not just a lifestyle change that vastly improves people’s health. It also contributes greatly to the reduction of carbon emissions and vehicular pollution, and it encourages a sense of belonging in a community that shares in your advocacy. Seeing the mural, it’s a concrete reminder of all these things.”
Allianz PNB Life’s Ride Safe Mural project was done in partnership with AyalaLand, the Makati Business Club, and MACEA. The mural shows the organizations’ dedication to supporting initiatives that make a difference, as well as uplifting the work of local artists and their advocacies.
The Allianz Ride Safe Mural is not the first time Allianz PNB Life has shown its support, both for local art and sustainability. In 2021, Allianz PNB Life partnered with the City of Manila to install bike racks that were creatively designed to reflect the rich history and culture of locations like Rajah Sulayman Park, Kartilya ng Katipunan, and Intramuros.
Additionally, Ride Safe has birthed other sustainable projects, such as a solar-powered pit stop and Ride Safe Bike Lanes along Ortigas Avenue in partnership with the City of San Juan, and The BikeYard, a dedicated hangout place with bike repair facilities for cyclists in Bonifacio Global City.
Allianz PNB Life has also expressed plans to expand Ride Safe further to include skills improvement and livelihood opportunities through bike mechanic training.
“Art is a wonderful medium that we have used in the past to communicate the importance of prioritizing one’s health and taking care of the environment, first with the bike racks, and now through this mural,” Grenz added. “It is a creative and effective way of inspiring Filipinos to think about the state of the planet today, and encourage them to do what they can to secure the future, both on a personal level and on a large scale. I hope it touches many people and sparks a need for positive change.”
For more information on Allianz PNB Life’s Ride Safe campaign, as well as its other products and services, please visit www.allianzpnblife.ph.
Allianz PNB Life recently ranked third in terms of Gross Written Premium (GWP) and New Business Annualized Premium Equivalent (NBAPE) in the Philippine Insurance Commission’s (IC) latest performance report for the first and second quarter of 2022.
Allianz PNB Life has performed consistently year on year. In 2021, it ranked fourth under the same categories, while in 2020, the company was listed as 7th in GWP and 8th in NBAPE.
“Insurance penetration is only at 2% in the Philippines and remains one of the lowest in Asia. There is heightened awareness for the importance of insurance however and we continue to enhance our efforts to become the trusted insurance partner of Filipinos,” said Allianz PNB Life President and CEO, Alexander Grenz. “We are grateful to our customers and partners for choosing us every day and propelling our organization to the Top 3 position in both GWP and NBAPE especially considering how we were 10th and 11th respectively when I assumed the role of CEO in 2019.”
Allianz PNB Life is one of the major life insurers in the Philippines, and is the country’s fastest growing life insurance company in terms of premium income. Through the company’s purpose of securing the future and bringing confidence in tomorrow, the goal of its award-winning marketing initiative was to position itself as the perfect insurance partner for a new generation of FIlipinos.
Insurance penetration in the Philippines is among the lowest in Asia at less than 2%, translating to a protection gap in the trillions of pesos with millions of Filipinos exposed to financial losses from accidents, sickness, and death.
The “Protect a Hectare” project aims to help in the growth of the forest canopy, which will contribute to the conservation and preservation of water for the La Mesa Watershed. To kick off the tree planting event, the PNB Cycling Club, joined by Allianz PNB Life’s Chief Marketing Officer Gino Riola, cycled from the PNB head office in Pasay to La Mesa, Quezon City. Jerseys bearing the Allianz and PNB logos were given to the bikers as a token of the organizations’ collaborative endeavor.
“This activity serves as a reminder that securing the future is a team effort,” said Riola. “We are very grateful to the ABS-CBN Foundation for joining us, and we congratulate them on the great work that they do for the communities they serve. We really wanted to share the joy and purpose in tree planting with our colleagues in order to foster strong engagement within our company. But more than that, we also want to convey our dedication to sustainability, as well as nurture the existing partnership between Allianz PNB Life and PNB.”
Allianz PNB Life reaffirms its commitment to sustainability through its latest video campaign entitled “Seeds of Tomorrow”. The digital short film was made available for streaming on Facebook last June 23.
Allianz PNB Life has continuously advocated for sustainability by releasing communication, leading initiatives, and taking part in projects that generate the most impact. The company’s Ride Safe bicycle campaign, created to encourage a healthier lifestyle among Filipinos while lessening the carbon footprint and pollution generated by transportation vehicles, was awarded ‘Best Sustainability Initiatives Philippines 2021’ by the International Business Magazine (IBM), among other such awards. Last year’s “No Filter” video has also won a Quill and an Anvil award for its pro-environment messaging.
The company has announced that its total premium income in 2021 reached ₱30 billion, despite the challenges posed by the pandemic on the company and the economic difficulties that plagued the Philippines because of protracted lockdowns and other community quarantine restrictions throughout 2020 and 2021.
Allianz PNB Life was also able to maintain this strong performance for the second year in a row and according to its 2021 Annual Report, the company is also among the top five companies that provide life and health insurance in the Philippines.
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The webinar was hosted by Harmony Adiao, with entrepreneur, social media creator, and beauty queen Ayn Bernos and Allianz PNB Life Lead for Agency Transformation Melissa Del Rosario as keynote speakers. Allianz PNB Life President and CEO Alexander Grenz also took part by opening the webinar with his insights on the growth of the company, and what the company plans to do to help Filipinos in securing their future.
“Our vision has always been to become the insurance partner of choice for Filipinos throughout their life journey. This vision remains relevant more than ever,” said Grenz. “Fortunately, there is a greater awareness of the importance of having adequate protection among households, and we are more than ready to respond to such needs.”
Present at the MOA signing were Allianz PNB Life’s CEO and President Alexander Grenz and Chief Marketing Officer Gino Riola, alongside WWF-PH’s Executive Director Katherine Custodio and OIC for Resource Generation and Partnerships Cloda Marie Urquico.
KKPFI is a non-profit organization under the WWF involved in the conservation and preservation of the environment in the Philippines. It aims to promote corporate social responsibility by forming strategic partnerships with corporations that share the same social awareness, such as Allianz PNB Life.
Filipinos have always had a tenuous relationship with health. The biggest reason for this is, simply put, poverty - many Filipinos do not want to burden their loved ones with the financial stress of dealing with health concerns, or they need to prioritize other things, such as basic necessities. Unfortunately, this means many ignore symptoms of illness, which may lead to serious complications down the road.
In 2021, 23.7% or 26.1 million Filipinos were reported to be poor, and this was primarily due to the effects of the COVID-19 pandemic. Many were caught financially unprepared for lockdowns, or worse, their loved ones catching the virus and needing treatment. Filipinos could no longer ignore even the mildest symptoms out of fear that it may be COVID-19. Health and financial security became the biggest concern, and that led Filipinos to one of the things they used to overlook - insurance.
The Philippines saw an increase in people availing or renewing their insurance premiums during the pandemic. The Insurance Commission (IC) reported a 5.9% growth in total premiums, and this was because Filipinos were becoming more self-conscious about their health and being prepared for the future.
Many Filipinos are registered to PhilHealth. In fact, the organization reported in 2020 that it had nearly 95 million Filipinos covered by its insurance policies, whether as members or dependents. Unfortunately, that still leaves 15.2 million Filipinos without coverage, and even those who do, admit that they only have PhilHealth because it is an employment benefit.
Allianz PNB Life’s 2021 ANP ranking is four places higher than the previous year, while the company’s GWP ranking rose three slots this year as compared to that in 2020.
Allianz PNB Life President and CEO Alexander Grenz congratulated the men and women behind the company, and said that the company will continue to achieve great heights in the future.
“We are honored to have been ranked fourth in the Insurance Commission’s list of top life insurance companies in the Philippines for our performance last year. As we are also the fastest growing life insurance company since 2020, our ANP sales have improved by 50 percent with an enhanced productivity ratio. This feat encapsulates our mission as a company: to always strive to provide Filipinos the most comprehensive policies with the best possible customer service to give them the assurance that their futures are protected with us,” Grenz said.
Grenz also urged those who are thinking about availing insurance to consider Allianz PNB Life as their partner in life.
