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Demand for health, life insurance products grows due to pandemic

BusinessWorld August 5, 2021 | 12:01 am THE Philippine American Life and General Insurance Co. said it is seeing increased demand for life insurance products due to the pandemic. VAN TAY/UNSPLASH MORE FILIPINOS are now interested in availing insurance products for health and life protection versus investment-linked offerings amid the coronavirus disease 2019 (COVID-19) pandemic, officials from The Philippine American Life and General Insurance Co. (AIA Philam Life) said. “What we’ve seen is that there was really heightened awareness for protection products: medical, critical illness, even life insurance products that provide something for the family in case someone passes away,” AIA Philam Life Chief Marketing Officer Leonardo T. Tan, Jr. said at an online briefing on Wednesday.

Sun Life remains leading life insurer – Manila Bulletin

Published April 24, 2021, 6:30 AM Sun Life of Canada (Philippines), Inc. retained the number one spot as the country’s top life insurance company, marking its 10th straight year of industry leadership. Based on the latest report from the Insurance Commission, Sun Life Philippines posted a premium income of P39.27 billion, outperforming its closest contender by P8 billion in total premiums. Photo credit: https://www.sunlife.com.ph/en/   “We dedicate this milestone to our clients whose trust and support motivated us to keep excelling and innovating,” Alex Narciso, Sun Life Philippines president said in a statement. “We also share this with our advisors and employees who remained faithful to our mission despite all the challenges we faced last year,” Narciso added.

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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