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08 MARCH 2018, Bulacan, Philippines – Pan-Asian insurer FWD Life Insurance formally opened its business hub in Malolos City, its 9th in the country and its first in Central Luzon. The new business hub will serve as home to the company’s growing agency salesforce in the city and nearby Bulacan towns.
Shown in the photo from left to right are: Eric Jayson Hernandez (Territory Sales Director), John Johnson (Chief Distribution Officer), Peter Grimes (President and Chief Executive Officer), and Mercedes Beltran (Head of Agency Distribution).
“We are delighted to open our newest business hub in the historic city of Malolos. Our growing sales team here is committed to be of service to more families as they offer security, protection, and financial peace of mind,” said Grimes during the ribbon-cutting ceremonies. “Our commitment to innovation and excellent customer experience are key drivers to FWD’s business growth in the country as we continue to change the way Filipinos feel about insurance.”
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.