Allianz PNB Life hailed Life Insurer of the Year by InsuranceAsia

“We are deeply humbled by these achievements. To be recognized for the work that we do fills all of us at Allianz PNB Life with so much pride. These recognitions serve as proof that everything we have done thus far has been greatly aligned with our purpose of securing the future of Filipinos. We’re also very grateful to everyone who made this possible. We wouldn’t have made it this far without all the people who trust in us as an insurance partner, whether customer or employee. We truly value their contributions to our success, it means a lot to us. We certainly will keep working to maintain this level of excellence. This year, we want to zero in on and continue being a more people-centric organization. This means investing in our employees’ growth, enhancing our recruitment processes, and focusing on customer experience. Whatever the future holds for us, one thing’s for sure - Allianz PNB Life will continue advocating for sustainability and securing the future. We are looking forward to an even more successful and fruitful year ahead.” ~Alexander Grenz, Allianz PNB Life President and CEO

Allianz PNB Life hailed Life Insurer of the Year by InsuranceAsia

One of Asia's most prestigious award-giving organizations, the InsuranceAsia News (IAN) Awards for Excellence 2022, recently selected Allianz PNB Life as the Life Insurer of the Year, giving it a strong start for the year 2023.

In a variety of ways, Allianz PNB Life has grown significantly in 2022; In the most recent industry performance report, which covers the second quarter of 2022, released by the Philippine Insurance Commission (IC), the company was ranked third in terms of Gross Written Premium and New Business Annualized Premium Equivalent. Through the perseverance of its marketing efforts and the dedication of its financial advisors, Allianz PNB Life also maintains its position as the nation's leading bancassurance provider.

Additionally, the company was able to strategically deal with the pandemic. It was one of the first insurance companies to get the IC to approve its digital sales process; In 2021, Allianz PNB Life was able to become the market leader in net promoter scores for digital customer experience by selling products and providing digital customer service.

Life Changers, new agents hired by Allianz PNB Life, saw a 64 percent increase in 2022. The company saw a 153% increase in sales year over year thanks to its agents who are more familiar with digital tools.

Additionally, numerous community initiatives were launched as a result of Allianz PNB Life's commitment to sustainability and future security. Ride Safe, Allianz PNB Life's sustainable transportation project, was developed as a result of the pandemic's rise in bike use. One of the company's most successful projects to date, Ride Safe now includes bike mechanic skills training and bicycle infrastructure.

Additionally, Allianz PNB Life promotes sustainability through financial literacy and social inclusion. Through its seminars, it reached over 500 people in underserved communities with its financial education program, Allianz Kaagapay.

As a result of these efforts, Allianz PNB Life's GWP and NBAPE increased by 18%, or Php 3.7 billion, and GWP increased by 90.2% year-over-year.

Since 2019, Allianz has been recognized as the number one insurance brand in the world. As a leading insurance provider, Allianz PNB Life’s products and services are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of Filipinos. For more information, please visit www.allianzpnblife.ph.