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.”
