FWD Life Insurance strengthens key industry collaborations in push for financial inclusion in the Philippines
FWD Life Insurance convenes with the Insurance Commission and Security Bank in shared commitments and future goals to push financial inclusion for more Filipinos.
MANILA, PHILIPPINES, 11 APRIL 2025 — FWD Life Insurance Corporation (FWD Philippines), together with leaders from FWD Group Holdings Limited (FWD Group), met with the Insurance Commission (IC) to express support for the government’s initiatives to strengthen the local insurance industry.
FWD Group Board Chairman, Professor Frederick Ma and FWD Group Senior Managing Director, Southeast Asia & Group Chief Business Operations Officer, Binayak Dutta convened with Insurance Commissioner, Atty. Reynaldo Regalado, to discuss their shared goal of protecting more Filipinos by increasing insurance penetration in the country.
“At FWD, we are committed to investing in the Philippines and working closely with the government and our partner, Security Bank, to drive economic growth and development. By leveraging our combined expertise and resources, we aim to create a more prosperous future for the Filipino people and unlock the full potential of this vibrant market,” shared Binayak Dutta.
Together with FWD Group Chief Executive Officer & Executive Director, Huynh Thanh Phong, a meeting was also held with Security Bank Corporation’s President and CEO, Sanjiv Vohra, and Executive Vice President and Head of Branch Banking Group, Leslie Cham. Bannering continued growth, the gathering focused on the renewed partnership between the two finance giants—now on its 11th year.
“As the insurer of the next generation, and together with our partners, FWD Philippines remains dedicated to changing the way people feel about insurance as we develop innovative products that address the evolving needs of Filipinos—reflecting our commitment to nation-building and expanding financial inclusion in the country,” said FWD Philippines President & CEO, Antonio Manuel “Jumbing” de Rosas.
FWD Group executives also met with FWD Philippines management and internal stakeholders, who showcased milestones from the company’s 10th anniversary celebration last year. As of 2024, FWD Philippines has accumulated a total of PhP7.7 billion of New Business Annual Premium Equivalent (NBAPE), a 31.131% increase compared to 2023.[1]
Learn more about how FWD is changing the way people feel about insurance by visiting www.fwd.com.ph.
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About FWD Philippines
FWD Life Insurance Corporation (FWD Philippines) launched its commercial operations in September 2014. In just 10 years, FWD Philippines now ranks 3rd in terms of both new business annual premium equivalent1 and premium income2.
FWD Philippines is part of FWD Group, a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance.
FWD Philippines is regulated by the Insurance Commission of the Philippines and is legally permitted to provide insurance products and services within the country.
1 www.insurance.gov.ph > Data > Statistics > Life Insurance Companies > 2024 > Based on New Business Annual Premium Equivalent
2 www.insurance.gov.ph > Data > Statistics > Life Insurance Companies > 2024 > Based on Premium Income
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Reach FWD here, or visit us at our Head Office.
Contact the Insurance Commission Philippines here.
[1] Performance of Life Insurance Companies – New Business Annual Premium Equivalent (NBAPE) as of 31 December 2024 and 31 December 2023 Based on Submitted Unaudited Enhanced Quarterly Report on Selected Financial Statistics (EQRSFS), Insurance Commission Philippines
