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Baguio City, Philippines, 08 November 2016 – FWD Life Philippines, the country’s fastest-growing life insurance company today, formally opened its Baguio Business Hub located at the 4/F DBP Building along Session Road. The new business hub will serve as home to the company’s growing agency salesforce and client base in the city. FWD has business hubs nationwide with offices in Cebu, Davao, Cagayan de Oro, and four (4) in Metro Manila.
FWD, whose vision is to change the way people feel about insurance, sees the continued emergence and development of Baguio City as a strong indication that it will continue to significantly contribute to the company’s presence and business performance in the country. Leading the ribbon cutting ceremonies held on November 8th are: (L-R) Atty. Teroy Roman, FWD Philippines General Counsel and Head of Compliance; KK Loo, FWD Group Vice President for Agency Development; and Rozanne Parungo, FWD Philippines Chief Human Resources Officer.
FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. After its first full year of operations in 2015, FWD Life now ranks #13 in terms of total premium income according to the Insurance Commission’s end-2015 report.1 FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, and Vietnam, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by leading digital technologies. Through this customer-led approach, FWD will achieve its vision to become the leading pan-Asian insurer that changes the way people feel about insurance.