FWD Life Insurance Corporation (FWD Philippines), together with leaders from FWD Group Holdings Limited (FWD Group), met with the Insurance Commission (IC)to express support for the government’s initiatives to strengthen the local insurance industry.
FWD Group Board Chairman Professor Frederick Ma and FWD Group Senior Managing Director Binayak Dutta convened with Insurance Commissioner Atty. Reynaldo Regalado to discuss their shared goal of protecting more Filipinos by increasing insurance penetration in the country.
“At FWD, we are committed to investing in the Philippines and working closely with the government and our partner, Security Bank, to drive economic growth and development. By leveraging our combined expertise and resources, we aim to create a more prosperous future for the Filipino people and unlock the full potential of this vibrant market,” shared Dutta.
Together with FWD Group Chief Executive Officer & Executive Director Huynh Thanh Phong, a meeting was also held with Security Bank Corporation’s President and CEO Sanjiv Vohra and Executive Vice President and Head of Branch Banking Group Leslie Cham.
Bannering continued growth, the gathering focused on the renewed partnership between the two finance giants—now on its 11th year.
“As the insurer of the next generation, and together with our partners, FWD Philippines remainsdedicated to changing the way people feel about insurance as we develop innovative products that address the evolving needs of Filipinos—reflecting our commitment to nation-building and expanding financial inclusion in the country,” said FWD Philippines President & CEO, Antonio Manuel “Jumbing” de Rosas.
FWD Group executives also met with FWD Philippines management and internal stakeholders, who showcased milestones from the company’s 10th anniversary celebration last year.
As of 2024, FWD Philippines has accumulated a total of P7.7 billion of New Business Annual Premium Equivalent (NBAPE), a 31.131 percent increase compared to 2023.
FWD Philippines launched its commercial operations in September 2014. In just 10 years, FWD Philippines now ranks 3rd in terms of both new business annual premium equivalent1 and premium income2.
FWD Philippines is part of FWD Group, a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia.
FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.
