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24 February 2018
MANILA, PHILIPPINES – Philam Life, the country’s premier life insurance company, was recently conferred the 2017 Excellence in Education Award from LOMA for demonstrating exemplary performance in training insurance professionals. Only 66 of the more than 1,200 LOMA member-companies were honored this year, with Philam Life leading the pack by being on its 15th Year win.
For nearly ten decades, LOMA has been the trusted source of knowledge for the insurance industry as it provides globally-recognized educational resources and products geared towards talent development. The Excellence in Education Award is given to organizations which have performed outstandingly in LOMA’s professional designation programs.
To qualify for the award, the member-company must have completed a minimum of 50 designation program courses with exceptional percentage rates, and must have shown a growth in successful completions of 5% or more versus the previous calendar year.
This recognition serves as a testament to Philam Life’s long-standing commitment to people development. “We are honored to receive this recognition for the 15th year,” says Aibee Cantos, Philam Life CEO. “Our people have always been our strength, and talent development has always been a priority. A stronger workforce means we are able to serve our customers better, allowing us to deliver our promise of helping them live longer, healthier, and better lives,” adds Cantos.
About Philam Life
The Philippine American Life and General Insurance Company (Philam Life) is the country’s premier life insurance company. Established on June 21, 1947, Philam Life has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.
Philam Life has P245.9 billion in total assets as of December 31, 2016, and has served more than 700,000 individual policyholders, and over 2,500,000 insured group members.
Philam Life understands the real life needs of its customers and provides the right plans and the right solutions including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries—BPI Philam Life Assurance Company (BPI-Philam) and Philam Asset Management Inc. (PAMI).
Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar.
The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$185 billion as of 30 November 2016.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
Abbie L. Remo
Philam Life Head of Corporate Communications and PR
Mobile no. +63(917) 6268058