Sun Life of Canada (Philippines), Inc. remains to be the number 1 life insurance company in the Philippines, according to a report released by the Insurance Commission.
Sun Life sustained its leadership for the seventh consecutive year after attaining the highest total premium income in 2017 of P32 billion.
“This milestone is one we attribute to our clients, whose trust and support inspire us to keep improving and innovating,” Sun Life of Canada (Philippines) Inc. President Alex Narciso said. “We also have our advisors, employees and partners to thank, for it is through their hard work and passion that we are able to touch the lives of more Filipinos.”
Narciso recounted how the Sun Life advisors rallied to serve more clients in 2017, despite some challenges presented by the market. “In fact, in the last quarter of 2017, our advisors settled P2 billion in Annualized First Year premium (AFYP) – the company’s highest in the past five years,” he said.
The previous year saw the Sun Life group of companies growing its client base to over 3 million, while its advisory force is now over 11,000 strong. "We are on track to realizing our RI5E PH vision of having 5 million clients by 2020", Sun Life Philippines CEO and Country Head Riza Mantaring said. "We are happy to see a growing appreciation for financial planning among Filipinos and this is a big step towards ensuring a brighter future for themselves and our country as a whole."
For 2018, Sun Life is setting its sights on tapping broader markets, launching new products, and offering more digital tools, while continuously enhancing its client service.
“Sun Life’s mission remains the same, and that is to help Filipinos achieve lifetime financial security and live healthier lives,” Mantaring said. “We look forward to exploring more ways to make this a reality for all of our clients.”