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-aia.com.ph or https://www.facebook.com/BPIAIAOfficial. You can also visit any BPI or BPI Family Savings branch across the country. 

- End -

About BPI-Philam

BPI-Philam Life Assurance Corp., is a strategic alliance between two leading companies in the country – The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI). Philam Life is the premier life insurance company in the Philippines and the market leader for over 60 years. BPI is a leading commercial bank in the country with over 160 years of experience in the local banking industry and an extensive branch network of more than 800 branches and 1,500 ATMs.

BPI-Philam’s professional and expertly trained Bancassurance Sales Executives are assigned in BPI and BPI Family Savings Bank branches nationwide to render financial advisory services that address customer’s financial and protection needs.

With the combined expertise and resources of these two trusted companies, BPI-Philam policyholders are assured that their insurance is backed by financial strength and stability.

Media Contact: