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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 © 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.
Sun Life, Prudential top life and non-life insurers in 2020
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Standard Bank customers embrace digital insurance solutions
Partner15 April 2021
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A key theme of the last year has been the accelerated adoption of digital products by consumers.
COVID-19 changed the way we interact with each other and digital has redefined how we live work and play.
The insurance industry is no different. At Standard Bank Insurance we have focused on online and mobile insurance products to help our clients remain safe during the COVID-19 pandemic.
It forms part of our broader aim of being digitally transformed and allows us to be where our clients are all the time, creating more choice and convenience for them and improving our turnaround times.