iQor Philippines selects Pan-Asian insurer FWD Life Insurance as group insurance provider

19 APRIL 2018, Manila, Philippines - iQor Philippines has recently signed up with Pan-Asian insurer FWD Life Insurance to provide its group insurance needs. With FWD Corporate Care, iQor employees will have adequate life insurance coverage.

Currently, there are over 22,000 employees across iQor's 11 sites spanning throughout Dasmariñas, Davao, Iloilo, Talisay, Bacolod, Clark, and Santa Rosa.

“It is with great pleasure that we welcome iQor Philippines to the FWD family,” FWD Life Insurance Philippines President and Chief Executive Officer Peter Grimes said. “They are one of the country’s fast-growing managed services provider and we definitely look forward to serving their insurance needs, providing more power to their business as well as their growing employee force.”

iQor Philippines is a top corporate client of Security Bank Corporation, FWD’s strategic bancassurance distribution partner.

The contract signing ceremony was held on April 19, 2018 at Vivere Hotel in Muntinlupa City. Shown in the photo are: (from left to right) Atty. Robert Pasamba (Senior Legal Counsel, iQor Philippines), Peter Grimes (President and Chief Executive Officer, FWD Life Insurance Philippines), Fleurette Navarro (Talent Head and HR Vice President, iQor Philippines), Alfonso Salcedo (President and Chief Executive Officer, Security Bank Corporation), and Erwin Go (Vice President and Corporate Care Head, FWD Life Insurance Philippines).

About FWD Philippines

FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.1 Based on premium income data published by the Insurance Commission2, FWD Life now ranks 10th in the insurance industry in terms of weighted new business premiums.3  

FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has nine business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.

FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

For more information please visit fwd.com.ph.   

1 www.insurance.gov.ph > Statistics > 2017 > Based on Paid-Up Capital
2 www.insurance.gov.ph > Statistics > 2017 > Based on Premium Income
3 Weighted New Business Premium Income: 100% of first-year premium on regular-pay plans + 10% of single-pay premiums

Media Inquiries

FWD Philippines
Rochelle R. Vandenberghe Head of Marketing rochelle.vandenberghe@fwd.com +63 2 5587306