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FWD Philippines President and CEO Peter Grimes feted as one of the “Outstanding Leaders in Asia”
30 OCTOBER 2017, Singapore - FWD Life Insurance Philippines President and Chief Executive Officer Peter Grimes was lauded as an "Outstanding Leader in Asia" by the Asia Corporate Excellence & Sustainability (ACES) Awards. At the awarding ceremonies held on October 26, 2017 at InterContinental Hotel, Singapore, Peter received the honor alongside five other CEOs from across Asia. He was given the award for demonstrating sound leadership and successfully applying it to spearhead growth and prominence for FWD.
"I share this honor with all the committed and passionate FWD Philippines team, whom we call FWD warriors. This award is a testament to the progress we’ve collectively made as a fresh, innovative, and forward-looking insurance company in the country," said Grimes. “I'd like to extend my sincere appreciation to the ACES Awards and the jury for recognizing what we have achieved at FWD. As we continue to work towards our vision of changing how Filipinos feel about insurance, it’s truly rewarding to be awarded as we journey toward our vision!"
According to the official awards programme, the "Outstanding Leaders in Asia" are honored for exhibiting the ideal blend of business acumen, professionalism, entrepreneurial caliber, and astuteness. Peter, who joined from the pan-Asian insurer’s Group Office to be charged with the Philippines’ start-up operations in 2014, has led the company to exceptional growth to become one of the country’s fastest-growing insurance companies—rising from a market ranking of #29 in 2014 to #12 by end-2016, based on total premium income. The company’s growth story is attributed to FWD’s focus on leveraging technology, product innovation, and creating an outstanding customer experience, alongside its clear vision to change the way people feel about insurance.
His leadership has also been instrumental in the innovative culture of the business. In 2016, FWD launched Peace Plan, the first-of-its-kind insurance plan which offers guaranteed financial protection against acts of terrorism anywhere in the world. FWD’s Peace Plan was recognized at the 2nd Asian Banking & Finance (ABF) Insurance Asia Awards as New Insurance Product of the Year – Philippines. For two consecutive years in 2016 and 2017, FWD Philippines was also awarded as one of “Asia’s Best Employer Brands” by the Employer Branding Institute.
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 second full year of operations in 2016, FWD ranked #12 in total premium income, up one notch from previous year, according to the Insurance Commission’s report.1 By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.2
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, 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. In the Philippines, FWD has nine business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information please visit fwd.com.ph.
1 www.insurance.gov.ph > Statistics > 2017 > Based on Premium Income
2 Based on publicly available disclosures.