Allianz, HSBC sign bancassurance deal
December 25, 2012 - 12:00am
Allianz SE of Germany and HSBC had entered into a 10-year exclusive bancassurance distribution agreement for life insurance in Asia.
Banking
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Sun Life expects record premiums for insurers
By Ted P. Torres | September 18, 2012 - 12:00am
Industry leader Sun Life Philippines said it is optimistic the country’s life insurance industry would be able to surpass the P100-billion mark this year in total premium income.
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BPI-Philam premium income up 12.4% to P6.4B in 2011
By Ted P. Torres | April 4, 2012 - 12:00am
BPI-Philam Life Assurance Corp. generated a total premium income of P6.4 billion in 2011, up 12.4 percent from P5.69 billion in 2010, the company said in a statement.
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Sun Life Grepalife eyes P1B in new premiums
By Ted P. Torres | January 27, 2012 - 12:00am
The Sun Life Grepalife Financial Inc. (SLGFI) hopes to raise over P1 billion in new business premiums this year with the introduction of several variable unit linked (VUL) life insurance products, as well...
Business
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Philippine Prudential Life premiums up 26% to P234 M in 1st quarter
By Ted P. Torres | May 9, 2011 - 12:00am
Philippine Prudential Life Insurance Inc. (PPLI) said its total premiums reached P234.4 million at the end of March, or an increase of 26 percent from P186.3 million in the same period last year.
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BPI forecasts growth with bancassurance
By Ted P. Torres | May 3, 2011 - 12:00am
Bank of the Philippine Islands (BPI) said it expects the practice of bancassurance to contribute significantly to its non-interest earnings with the partnership between Philippine American Life and General Insurance...
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BDO sells 5% stake in Philam Equitable Life to former owner
By Ted P. Torres | March 2, 2011 - 12:00am
Banco de Oro Unibank Inc. (BDO) has sold its five-percent stake in the defunct Philam Equitable Life Assurance Co. Inc. (Pelac) to its original owner, Philippine American Life and General Insurance Co. Inc....
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PNB sells life insurance in 324 branches nationwide
July 20, 2010 - 12:00am
The Philippines National Bank (PNB) has started selling life insurance products in its 324 branches nationwide.
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Sun Life eyes selling its policies via banks
By Ted P. Torres | July 16, 2010 - 12:00am
The local unit of Canadian insurer Sun Life Financial is looking at new variants in bancassurance or selling its policies through the branch network of banks.
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Broader bancassurance favors all players
By Ted P. Torres | March 23, 2010 - 12:00am
Expanding the scope of bancassurance to include the country’s thrift banking system means creating a win-win situation, according to industry players.
Banking
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