Pru Life UK named Circle of Excellence Awardee at the 15th Asia CEO Awards

Pru Life UK Vice President and Head of Brand & Digital Paul Bantayan (1st from right) accepts the Circle of Excellence Award for Company of the Year at the prestigious 15th Asia CEO Awards

Pru Life UK, the leading life insurance company in the Philippines, has been recognised as a Circle of Excellence Awardee for Company of the Year at the prestigious 15th Asia CEO Awards, one of the largest business awards events in Southeast Asia. This honour highlights Pru Life UK's contributions to business excellence and its positive impact on Filipino society.

Pru Life UK has consistently demonstrated leadership in the industry, ranking as the top life insurer in the country with a New Business Annual Premium Equivalent of Php 4.8 billion and total premium income from variable life insurance products of Php 22.5 billion, as reported by the Insurance Commission as of Q2 2024.

Sun Life Grepa partners with PTC Insures to deliver comprehensive insurance solutions to GMPs

Sealing an agreement to serve global maritime professionals are Sun Life Grepa President Richard S. Lim (3rd from left) and PTC Insures President Jaime Miguel G. de Sequera (3rd from right). They are flanked by (left to right) Marge Estrera, Sun Life Grepa Affinity Sales Head; Joen Songco, Vice President of Sun Life Grepa Affinity; Rolly Palad, PTC Insures General Manager; and Michael Eugene Lotho, PTC Holdings Financial Service Director.

Sun Life Grepa Financial, Inc. (Sun Life Grepa), a joint venture between Sun Life Philippines and the Yuchengco Group of Companies, recently sealed a strategic partnership with PTC Insurance Inc. (PTC Insures), a member of the Philippine Transmarine Carriers, Inc. (PTCI) Group, to offer affordable life insurance solutions exclusively for Global Maritime Professionals (GMPs).

PRULifetime Income: Securing lifelong financial stability for future generations

In a world where financial stability is more challenging than ever, Pru Life UK’s newest product provides a sense of security especially for parents who want to ensure a stable future for their children and grandchildren. 

PRULifetime Income is a traditional insurance offer that guarantees a 5% annual payout for life that can help prepare financially for a child’s education, emergency needs or any milestone. 

The annual payout is equivalent to 5% of the sum assured. It is payable from the end of the 6th policy year until maturity, regardless of market conditions.

Putting customers first: Pru Life UK unveils 'Our Reason is You'’ campaign

Leading life insurer Pru Life UK continues to champion its customers with its latest campaign, 'Our Reason is You’. It features heartwarming real-life client stories, underscoring the company’s dedication to putting its customers at the core of its business.

By understanding its customers’ evolving needs, Pru Life UK delivers its promise through life’s most challenging moments.

Sun Life's Next Big Gig Caravan: Learn how purpose, passion, play, and profit can make you live brighter as a Sun Life Financial Advisor

Sun Life Philippines, the No. 1 life insurance company in the country in terms of premium income[1], net income[2], and total assets[3], is hosting a series of recruitment events for Financial Advisors called the Live Brighter Forum in select cities nationwide.

The series of Live Brighter Forums aims to amplify “The Next Big Gig”, a campaign that invites Millennials and Gen Zs to become a Sun Life Financial Advisor as their next income generating gig. It will kick off at the SMX Convention Center in Davao City on April 27, and continues at the Zuri Hotel in Iloilo City on May 11, SMX Convention Center at Pasay City on May 18, and Laus Group Events Centre in San Fernando, Pampanga on June 15.

Potential candidates joining the event can expect to learn more about how being a Sun Life Financial Advisor can give them unlimited income opportunities, the freedom of time, and help develop a sense of purpose as they help their clients achieve a more secure and brighter life. Real-life stories from Sun Life Financial Advisors will also be shared.

Championing Talents in Tech: Sun Life Global Solutions unveils more comprehensive diversity programs for 2024

Sun Life Global Solutions (SLGS) Philippines team and Executives, (First row from left to right) Maria Theresa  Claudio – Associate Director for Governance Risk and Compliance, SLGS Philippines, Pooja Mehtani - General Counsel of SLGS, Tarun Sareen - Managing Director, SLGS, Shiv Ranjan - Head of Technology Management and Transformation, SLGS, Nathalie Bernardo - Vice President and Site Head, SLGS Philippines, Atty. Hannah Anonuevo - Head of Legal, SLGS Philippines, Tony Alonzo – Head of Enterprise Infrastructure Services, SLGS Philippines, (Second row from left to right) Dang Lopez- Head of Human Resources and Communications, SLGS Philippines, Rajeev Bhardwaj –  VP & Chief Human Resources Officer SLGS, Kshitij Kohli – Head of Operations, SLGS Philippines, Criselda Torres-Gomez – Director of SLGS Philippines Canadian Call Center, Ada Mae David – Head of Portfolio Management, SLGS Philippine, Lea Ruiz- Head of Services and Products, SLGS Philippines and Lowell Tortona – Head of Digital Delivery, SLGS Philippines  during the SLGS Quarter 1 Town Hall and Innovation Month Grand Finale.  

PRUBabies receives back-to-back international awards

Pru Life UK's free insurance coverage for newborns lauded for making protection accessible to more Filipino families

PRUBabies, Pru Life UK's free insurance coverage against select infectious diseases for newborns, bagged Silver and Bronze Stevie® Awards for Community Relations/Public Service Communications and Innovative Achievement in Diversity & Inclusion, respectively.

As a testament to the company's commitment to driving financial inclusion in the country, Pru Life UK offered 175,000 free vouchers of PRUMedCare – Select Infectious Diseases coverage for newborns from 7 days to 11 months old, helping parents protect their newborns against the cost of getting sick from any of the covered four infectious diseases – Dengue, Typhoid, Measles and Malaria. 

Filipinos Gain Easier Access to Insurance with SeaInsure and Igloo Partnership

IN PHOTO (L-R): Christopher Young, Insurance Business Leader, SeaInsure General Insurance Co., Inc.; Rebecca Dela Cruz, President, SeaInsure General Insurance Co., Inc.; Stephen Segismundo, General Manager, Igloo Insurance Brokers Inc.; Jose Arceo, Head of Placement, Igloo Philippines.

Filipinos can now easily access various personal and family insurance plans from SeaInsure Philippines through Igloo Philippines’ AI-powered app, Ignite by Igloo.

Pru Life UK solidifies its leadership position as 2023’s top life insurer in the Philippines

The life insurance company's NBAPE amounted to a total of Php 10.54 billion for 2023

Pru Life UK ranks number one in the life insurance industry in the Philippines, garnering the highest New Business Annual Premium Equivalent (NBAPE) as reflected in the recently released Insurance Commission (IC) report as of 31 December 2023.

The report shows that Pru Life UK achieved an impressive NBAPE of Php 10.54 billion for 2023 representing 11% growth. The company broadened the gap with the closest competitor by a margin of Php 472 million. NBAPE serves as the universally accepted performance metric used to assess sales performances of the life insurance industry in the Philippines.

Owing to the company's innovative offerings, Pru Life UK also leads in total premium income from variable life insurance products, amounting to over Php 45.7 billion as of 31 December 2023.

The changing face of insurance: How tailored microinsurance products are key to relevance and adoption in the Philippines

For most people, understanding insurance boils down to the four most common types: life, health, auto, and long-term disability. While awareness of insurance importance is increasing, the aforementioned traditional insurance products are failing to resonate with many people due to various reasons including affordability, accessibility, and relevance. These factors have largely contributed to the low insurance penetration in the Philippines, which stands at 1.68% as of September 2023. 

This is where microinsurance is changing the game as insurtechs and insurance companies have introduced personalized microinsurance products that cater directly to the unique lifestyles and needs of Filipinos as they go through various stages of their lives. As an insurtech, Igloo and its partners have been instrumental in facilitating a wide array of microinsurance products that safeguard the unique needs of digital natives and underserved sectors. These products run the gamut from travel insurance, to electronics protection, e-commerce purchase protection, and even protection for the gamers’ health.

Malayan Insurance affirms the value of protection on modern living, future-proofing

Malayan Insurance, the leading non-life insurance company in the Philippines, sheds light on the value and impact of non-life insurance in today’s modern living and in protecting one’s future. 

“Having your assets, properties, and other investments secured is a critical consideration in growing one’s financial standing and health. In the advent of different crises, health, natural catastrophes, and accidents, an extra layer of protection is always a must,” Malayan Insurance President and CEO, Paolo Abaya says.

“When one invests in himself and his assets, that includes protecting it too. That’s where non-life coverage comes in. We cover personal accidents, natural calamity effects, fire, flood, vehicular accidents, travel mishaps, and the like. All these sum up to protecting not just one’s life but also one’s investments,” he adds.

Season's Greetings from Singlife Philippines!

This festive season, Singlife Philippines is thrilled to offer Filipinos the ultimate Christmas gift: The Gift of Financial Wellness.

"In the Philippines, Christmas is a celebration that touches our hearts deeply. Gift- giving here transcends mere tradition—it's a heartfelt expression of gratitude towards our families, friends, employees, and clients. This year, Singlife is revolutionizing this tradition with a gift like no other: the promise of financial wellness. It's more than just a present; it's a commitment to nurturing and protecting your financial future—a gift that continues to give, long into the future," said Sherie Ng, Co-founder & Executive Director, Singlife Philippines.

GCash offers all-in-one insurance platform as 56% of Filipinos seek access to affordable protection

Finance superapp GCash makes securing the future convenient and affordable through insurance products fit for different needs 

Filipinos understand that insurance products are valuable – most just find them expensive. 

In 2021, Bangko Sentral ng Pilipinas reported that only half of the Filipino population had some form of insurance. Of those who do not have insurance, 56% said it was not a priority at present due to inadequate funds, while 7% said they have not found the right product for them.

Turning A Scare into Security: How Miles Ocampo Was Inspired To Make Her Best Decision Today

Miles Ocampo is used to fast and big changes. As a former child star, she has constantly reinvented herself and expanded her craft. This year alone, she has done a variety of projects, from an action-drama series, a rom-com movie, to a hosting stint on a noontime show. But for someone as adaptable as Miles, there are some things that she could not anticipate. 

"I've been through a lot for the past few months, and it happened so fast to the point that I couldn't keep up with the changes I had faced,” she said. 

A rough patch 

Last April, Miles shared that she recently had surgery to remove her thyroid gland. 

Her health scare started out with minor complaints. Miles recounted in her social media post that she did not feel like herself late last year. She remembers waking up in the middle of the night because she was having a hard time breathing, and getting frustrated that she was getting tired easily. 

Emma by AXA PH is your road trip buddy this summer

Download Emma by AXA PH and get a chance to drive away with GCash vouchers worth Php 5,000 

This summer, one of the leading insurance providers in the country, AXA Philippines, is thrilled to announce its latest promo that will surely excite everyone who loves to travel and explore the great outdoors.

From May 1 to 31, 2023, AXA customers who download and register to Emma by AXA can have a chance to win Php 5,000 worth of GCash vouchers, which they can use to plan exciting summer road trips with family and friends. This is a great opportunity to experience the best summer destinations in the country and create unforgettable memories with your loved ones.

AXA Philippines helps make insurance accessible, affordable, and relevant for all

For many Filipinos, one financial setback can easily drive them to poverty. This highlights the need for means to protect their finances and livelihood through accessible and affordable ways. AXA Philippines understands the difficulty of living in uncertainty, which is why the insurer has made it part of its mission to make financial security more inclusive  through its insurance products.

Protecting the most vulnerable

The local emerging market for insurance is composed of 50-70% of the working population. These are the people that are most at risk to feel the brunt of financial challenges and would benefit from financial protection the most. Majority come from the low-income to middle-income segment like retail workers and tricycle drivers, sari-sari store owners, teachers, business process outsourcing (BPO) employees, and Overseas Filipino Workers (OFWs). 

Healthcare is Human, and other insights from Havas Life

Healthcare communications is always a matter of human life. Havas Life, the medical marketing specialist arm of Havas Ortega musters a team of client servicing, creative, and healthcare practitioners to ensure that Science and Creativity are inspired and propelled by their Human Purpose philosophy. Part of the global Havas Health and You network, Havas Life works within a Village of experts from digital, social, media, CRM, e-commerce, and balances data, science, and creatives to come up with collaborative end-to-end solutions that help their clients reach consumers and healthcare professionals (HCPs) alike.

Key to the Havas Life team are two experts that cut their teeth as healthcare practitioners and medical communications specialists.

EastWest Ageas Insurance: Marked growth in the time of Covid

EastWest Ageas Insurance has posted tremendous growth over the last two years, despite the global pandemic threat.

In just over six years, EastWest Ageas has protected the lives of over 250,000 Filipinos across the country. The company began operations in 2016 with only five insurance solutions, including its Group Mortgage Redemption Insurance (MRI). It now has 13 financial solutions that help Filipinos live their best lives today.

Over the past two years, EastWest Ageas has been the fastest-growing insurance firm among the top 15 insurers in Annual Premium Equivalent (APE). According to the Insurance Commission’s Life Insurance Sector Quarterly Statistics, it has grown by 35% over the same period last year and is now the tenth largest insurer in terms of APE.

AXA Philippines and M2 Insurance offer best value car protection for Toyota customers

AXA Philippines and M2 Insurance Agency Inc. (M2IA) inked a partnership last October 18, 2022 at the Grand Hyatt Hotel in BGC to provide a comprehensive insurance program to Toyota vehicle owners and employees. (L-R) AXA Philippines Head of Dealers and Partnerships AXA Johanna Janeo; AXA Philippines Chief of Commercial Business Rose Musico; AXA Philippines CEO In-Charge and Chief Financial Officer Gael Lapie; President of Toyota Pasong Tamo (TPT), Toyota Global City (TGC), Toyota Angeles, Pampanga (TAP), and M2IA Alex Macapagal; Toyota Pasong Tamo and Toyota Global City Executive Vice President & Chief Planning Officer  Eiichi Fukuda; TPT, TGC, TAP, and M2IA Executive Vice President & Chief Operating Officer Emmanuel Sarte; and Executive Vice President & Chief Finance Officer of TPT, TGC, TAP, and Chief Operating Officer of M2IA, Johann Sale.

Allianz Global Wealth Report 2022 sees positive outcomes in financial asset growth and insurance coverage for PH

Leading global insurance brand Allianz has recently released its Allianz Global Wealth Report 2022, which compounds facts and figures based on the asset and debt situation of households in almost 60 countries, including the Philippines.

According to the report, 2019 to 2021 saw an exponential boom in the growth of global financial assets, with bullish stock markets powered by monetary policy and an increase in private wealth among households. Asia (excluding Japan), Eastern Europe and North America stood out as major contributors to asset growth, and savings were powered primarily by bank deposits, insurance and pensions.