The MDRT Family of Brands, the premier association of financial professionals, has added to the portfolio of honors available for exceptional members and their companies as it recognizes and elevates the performance of companies and financial services professionals.
MDRT is a global, independent association of the world’s leading life insurance and financial services professionals from more than 500 companies in 70 markets. The group includes MDRT for high-performing financial services professionals, the MDRT Academy for aspiring MDRT members, and MDRT Global Services for leaders in financial services.
As it stands, Philippine companies that reached MDRT’s Top 100 Global Companies in 2021 are Pru Life Insurance Corp. of UK at 42nd, Sun Life of Canada-Philippines Inc. at 53rd, Manulife-Philippines at 79th, and Philippine American Life & General Insurance at 89th.
By redefining success for finance professionals, new entries will be able to enter the fold of established and recognized insurance companies alongside the 1,907 MDRT Philippine members as of 2021. With the expanded MDRT awards and rankings, Philippine insurance companies can legitimize their services in the eyes of the public.
According to the Bangko Sentral ng Pilipinas, only 48 percent of adults had savings in 2020 but 68 percent of them kept their savings at home while 32 percent had a savings account with a bank. Moreover, only 18 percent had insurance.
In MDRT’s commitment to delivering value to the insurance profession, financial instruments can be perceived as essential buffers to job loss, inflation, and other unforeseen vulnerabilities, especially when proactive measures are necessary to secure Filipino families from socio economic crisis during the pandemic.
