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Non-life insurance sector grows; Prudential leads

Local powerhouse Prudential Guarantee and Assurance Inc. led the non-life insurance segment last year, government data showed.

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Freedom fighter Shafiqur Rahman passes away

Freedom fighter Shafiqur Rahman passes away
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IC says PGAI leads non-life sector in NPW

IC says PGAI leads non-life sector in NPW
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Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines

Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines © STAR/File Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines MANILA, Philippines The Insurance Commission (IC) announced Sun Life Canada (Philippines) Inc. and Prudential Guarantee and Assurance Inc. (PGAI) remained the highest-ranked life and non-life insurance company, respectively, in terms of premium income in 2020. Based on insurance companies’ quarterly reports on selected financial statistics submitted to IC at the end of December last year, Sun Life topped life insurance companies with a premium income of P39.27 billion, while PGAI led the non-life sector with net premiums written (NPW) amounting to P4.55 billion in 2020.

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