MANILA, Philippines — Canadian insurer Manulife Financial Corp. recently launched a new information technology (IT) company in the country in line with efforts to provide fast and efficient services to its clients across Asia.
The new firm, Manulife IT Delivery Center Asia (MITDC), is expected to deliver and maintain digital solutions and provide quality assurance to Manulife customers.
“We established MITDC in the Philippines…to take advantage of various technologies to improve products and solutions that will make our customers’ lives better,” said Jason Little, Manulife chief information officer in Southeast Asia.
MITDC has two offices in Asia — Manila and Ho Chi Minh,Vietnam.
“We have chosen to invest in the Philippines in recognition of the country’s deep bench of high quality IT talent, as well as the conducive climate it offers for global companies in the business process outsourcing industry,” Little said.
The launching of MITDC opens new job opportunities for Filipino talents ranging from software engineering, testing and quality assurance, mobile application development, architecture, project management and project delivery.
“MITDC opens opportunities for Filipino professionals to learn about cutting-edge technologies in the financial services industry, as well as work across borders and cultures for Manulife’s different clients and projects in Asia,” Little said.
“This will enable them to grow their experience and expertise and cultivate thriving careers that they can be proud of. We invite IT professionals looking to broaden their experience to check out MITDC.”
In 2017, Manufacturers Life Insurance Co., the domestic subsidiary of Manulife Financial Corp., maintained its spot as the sixth largest life insurance company in the Philippines with a total premium income of P17.7 billion. This was 6.4 percent higher than the P16.63 billion recorded in 2016.
It also took the fourth spot in the life insurance sector in terms of net income, reporting P3.07 billion in 2017.
The company’s net worth reached P14.07 billion as of the end of December last year, while paid-up capital settled at P930 million. Its assets totaled P98.3 billion.