Pru Life UK bagged the International Life Insurer of the Year-Philippines recognition in the Insurance Asia Awards for the second consecutive year. The company’s innovations, new products and partnerships, including its community investment initiatives were recognized by the organization as it stood out among its peers who were nominated in the same category in the Philippines. 

“We are truly grateful and inspired by this honor from the Insurance Asia Awards. I attribute this recognition to our employees, agency workforce and other distribution partners who tirelessly work and innovate to fulfill our purpose of helping many more Filipinos get the most out of life,” said Pru Life UK President and Chief Executive Officer Eng Teng Wong.

The award is another milestone for Pru Life UK as it leads the life insurance industry in terms of New Business Annual Premium Equivalent based on the Insurance Commission’s official ranking in 2020 and 2021. 

Over the past year, the Company strengthened its efforts to promote financial inclusion through providing simple, accessible, and affordable life and health insurance products on its pioneering AI-powered app, Pulse. It also offered free COVID-19 protection with vaccine side effects coverage in the health and wealth management app Pulse in 2021.

Pru Life UK also formed strategic partnerships to expand its reach and offer insurance protection to more Filipinos in the country. With the customers’ safety and convenience in mind, the Company renewed its partnership with Robinsons Bank and partnered with CIMB Bank to develop more innovative digital financial products and services, which are even more essential amid the pandemic. It also expanded its sales agency offices in Metro Manila, and several provinces in the country.

Outside the country, a notable partnership with Prudential Cambodia allowed more than 7,000 Filipinos in Cambodia and their families to have access to PRUMySafety, a digital protection product covering customers against the risk of road accidents which is available on Pulse.

“We are further motivated to drive up financial inclusion even more across the Philippines, including Overseas Filipino Workers. As one Pru Life UK family with all our distribution partners, we continue to expand our reach and protect more lives, especially the underserved and unserved Filipinos,” said Wong.

This year, the Company has onboarded on popular ecommerce platforms GCash and Shopee and made more bite-sized protection products available on Pulse.

It also opened PRUHouse, its agile and dynamic workplace in Ortigas early in the year, to create adaptable workspaces fit to the different workstyles of its growing sales force.

To know more about Pru Life UK, please visit its website at https://www.prulifeuk.com.ph or its official facebook page at https://www.facebook.com/prulifeukofficial/.

Filipinos have always had a tenuous relationship with health. The biggest reason for this is, simply put, poverty - many Filipinos do not want to burden their loved ones with the financial stress of dealing with health concerns, or they need to prioritize other things, such as basic necessities. Unfortunately, this means many ignore symptoms of illness, which may lead to serious complications down the road.

The Philippines saw an increase in people availing or renewing their insurance premiums during the pandemic. The Insurance Commission (IC) reported a 5.9% growth in total premiums, and this was because Filipinos were becoming more self-conscious about their health and being prepared for the future.

“It is very important to have one, especially at this time. You’ll never know when your health is at risk,” said one insurance user. “I've personally experienced borrowing money from friends because one of my family members got hospitalized and our savings was not enough.”

Many Filipinos are registered to PhilHealth. In fact, the organization reported in 2020 that it had nearly 95 million Filipinos covered by its insurance policies, whether as members or dependents. Unfortunately, that still leaves 15.2 million Filipinos without coverage, and even those who do, admit that they only have PhilHealth because it is an employment benefit.

Still, there is great hope for Filipinos on the horizon. As Filipinos, especially the Gen Z-ers who are joining the workforce, start moving towards securing their future and that of their families, many are looking for an insurance provider that suits their needs, offers products that suit their budget and lifestyle, and are just as committed to protecting what matters most.

Allianz PNB Life is currently the Philippines’ fastest-growing insurance company. Since 2019, Allianz has been recognized as the number one insurance brand in the world, and for good reason. As a leading insurance provider, all of Allianz PNB Life’s products and services are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of every Filipino family.

Not only that, but Allianz PNB Life is also heavily involved in advocacies that greatly impact the society. Allianz scored 92 points out of 100 in the 2021 Dow Jones Sustainability Index due to its efforts in addressing climate change, and are consistently included in Bloomberg’s Gender Equality Index because of its policies on social inclusion in the office space.

Its sustainability campaigns, RideSafe and No Filter, stressed the importance of protecting the environment through lifestyle changes, and its most recent endeavor, Kickoff!, was launched to give young, amateur Filipino football and futsal players a platform to show their skills. Allianz PNB Life has also partnered with SOS Children’s Villages in helping the victims of Typhoon Odette rebuild their homes.

All these activities, kicked off within the last year alone, prove Allianz PNB Life’s commitment to bettering the lives of countless Filipinos.

“Our mission at Allianz PNB Life is ‘Secure the future’. This is the idea behind every single decision we make,” said Allianz PNB Life President and CEO Alexander Grenz. “Everything we have done so far - our sustainability campaigns like RideSafe, partnering with SOS to help Typhoon Odette victims, and even products we have in the works – these were all done with the intention of giving Filipinos confidence in their tomorrows…that their lives, and their futures, are secured by the things Allianz PNB Life efforts.”

This also trickles into the products and services the insurance company offers. Through products such as Allianz eAZy Health, a 5-year renewable term insurance solution that provides life insurance coverage with protection against critical illness, accident, and disability, as well as up-and-coming plans like Allianz Protect, Allianz PNB Life continues looking for ways to make sure any Filipino, regardless of age, income, or lifestyle, is able to insure themselves.

“We truly believe that every Filipino has a right to a secure future. This is why we create products and services that Filipinos will benefit from, and we also step out of our industry to contribute to advocacies that will bring about a positive impact on society,” Grenz shared. “We know that Filipinos need an insurance partner that looks out for them, their interests, and the world they live in, and I think we fit the bill. In the quest to find the right partner in securing their lives, we hope they will consider and choose Allianz PNB Life.”

For more information on Allianz PNB Life, as well as the products and services it offers, please visit www.allianzpnblife.ph. 

Are you a professional wanting to lead a fulfilling career in helping others live better lives while providing a secure future for your family? AXA Philippines, one of the country’s leading insurance providers, launches AXA Prime, an elite program to help professionals become the next generation of confident and empowered leaders. 

AXA Prime aims to help people become leaders and offer them a meaningful profession with the higher purpose of protecting and caring for others through world-class insurance, investment, and health protection products developed by AXA. AXA Prime also gives professionals a chance to turn their dream of a better life for their family into a reality, using their newly honed skills from the program.  

If you have been searching for a career path that equips you for success while giving you the opportunity to help others, or if you’re just looking for a career change, AXA Prime has a lot of attractive points to offer. As a member of AXA Prime, you’ll be representing a leading global insurance brand. AXA’s headquarters is in Paris, France with offices in the Philippines, the rest of Asia, and the world. AXA Prime also offers diverse career opportunities, paving the way for you to become a next generation leader.

Professionals who want to start their journey as a member of AXA Prime will have access to a supportive network of mentors and like-minded professionals who are also purpose-driven and striving for success. With this elite program, you’ll have access to only the best specialized digital tools and training programs to help develop your skills in your new career.

Furthermore, AXA Prime offers ambitious professionals a long-term business opportunity, enabling them to utilize and maximize their skills so they can succeed.

As the world constantly and rapidly changes, it’s indeed vital for us to change and move forward in our careers and life purpose. Whether you want to reach your full potential in your career or find purpose in caring for others, it’s never too late to make the change and start making a difference for the betterment of yourself, your family, and other people’s lives. 

To know more about AXA Prime, visit https://bit.ly/AXAPrimeLifestyle.