For the second year in a row, leading Bancassurance firm BPI-Philam Assurance Corp. was hailed the #1 life insurance provider in the Philippines by World Finance, an international print and online finance magazine.
The prestigious Global Insurance Awards for 2018 is an annual celebration of industry leaders in the insurance sector across the globe. This year, it recognized agile, innovative insurance companies that thrived in the age of digital disruption and an increased exposure to risk.
Considering the current challenges of modern insurance, BPI-Philam is one of the very few financial institutions in the world that achieved the perfect balance between maintaining its strong profitability and driving the industry forward.
Empowering the Filipino
While the Philippines’ GDP grew by 6.1% In the third quarter of 2018, inflation rate accelerated to 6.7%, which is its fastest since 2009.
In an interview with World Finance, BPI-Philam President and CEO Surendra Menon discussed the role of insurance in the life of a Filipino during these economic tides: “On an individual level, citizens should take up insurance policies to secure themselves and their families financially,” he said.
“Even when the worst happens,” added Menon, “their hard-earned money will remain largely intact and accessible, and can be used to rebuild their lives.”
To learn more about BPI-Philam, go to www.bpi-philam.com or www.facebook.com/BPIPhilamOfficial. You can also visit any BPI or BPI Family Savings branch across the country.