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Bringing Filipinos a global insurance experience

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Allianz PNB confident to sustain growth


Published May 10, 2021, 6:00 AM
Allianz PNB Life, the insurance unit of one of the country’s major commercial banks PNB, is confident it can sustain its growth this year after defying the economic downturn in 2020 with a dramatic 27.5 percent increase in new business annual premium equivalent (NBAPE). 
Allianz PNB Life CEO Alexander Grenz said its strong performance, the highest since the start of its joint venture with PNB in 2016, makes them optimistic this year. 
“The caution is that the recent spike in COVID cases is alarming and necessitated a return to more stringent restrictions in March. The roll-out of the vaccine in the Philippines is also progressing slowly in contrast to regional neighbors like Malaysia, Thailand, and Indonesia,” said Grenz in an email interview. ....

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Regulator orders rollout of new cat risk premium rates

Regulator orders rollout of new cat risk premium rates
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