MANILA, Philippines — Manulife Philippines is delighted to announce that it won a Bronze Award at the local Marketing Excellence Awards 2022 for the integrated marketing campaign centered on its research study: “Know Your Ys and Zs: A Closer Look at the Financial and Mental Well-Being of Filipino Millennials and Gen Zs in the time of COVID-19.”
Marketing Excellence Awards Philippines is organized by Marketing Interactive Magazine, Asia's leading source of advertising, marketing and media news, which recognizes exceptional campaigns and talent. The Know Your Ys and Zs study won in the Excellence in Data-Driven Marketing & Consumer Insights category.
“Through our campaigns, we hope to empower more Filipinos to secure their financial future,” said Melissa Henson, chief marketing officer for Manulife Philippines. “This recognition inspires us to amplify our efforts to help address the evolving protection needs of Filipinos as we strive to make every day better for our customers.”
The pandemic heightened Filipinos’ concerns about health, well-being and finances, especially among younger generations, based on the Know Your Ys and Zs study. The sentiments and behavior of Filipino Millennials and Gen Zs have helped Manulife innovate its offerings to help address consumer needs through tailored insurance and investment solutions.
Manulife’s financial literacy program Peso Smart was also named a finalist in the Excellence in the Corporate Social Responsibility category at this year’s awards.
The 2021 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas1 found that only 2% of Filipinos can correctly answer basic financial literacy questions. Manulife has evolved Peso Smart to reach beyond its initial beneficiaries, who were grade school students from public schools, by partnering with different organizations to bring financial skills and knowledge to university students and out-of-school youth, as well as teachers, principals and the children’s parents.
Most recently, Peso Smart was also brought to female heads of households from marginalized communities in Quezon City and Sagada, Mountain Province. Manulife’s Peso Smart is also one of the main drivers of Manulife’s Impact Agenda in the Philippines, which aims to promote inclusive economic opportunities, empower health and well-being and accelerate a sustainable future.
Reference:
1 2021 BSP Financial Inclusion Survey, https://www.bsp.gov.ph/InclusiveFinance/FinancialInclusionReportsandPublications/2021/2021FISToplineReport.pdf