FWD Life Insurance Named Top 3 Life Insurer in PH for Second Consecutive Year

MANILA, PHILIPPINES, 24 FEBRUARY 2025 – FWD Life Insurance (FWD Philippines) maintains its position as the No. 3 Life Insurer in the Philippines in terms of New Business Annual Premium Equivalent (NBAPE), according to the Insurance Commission’s (IC) 2024 report.

FWD Philippines recorded a total NBAPE of PhP7.7 billion in 2024, sustaining its momentum since climbing up to third place from its previous sixth position in 2022. Aside from maintaining its NBAPE ranking, FWD Philippines also secured the Top 3 spot at PhP39.8 billion in the IC’s 2024 Premium Income report, which is based on the Submitted Unaudited Enhanced Quarterly Report on Selected Financial Statistics (EQRSFS).

“This achievement is a testament to our commitment to nation-building and protecting more Filipinos,” shared FWD Philippines CEO and President, Antonio Manuel “Jumbing” De Rosas. “We are thankful to our customers for their continued trust and support. We will keep innovating to enable more Filipinos to build their best futures and truly celebrate living,” he added.

FWD also launched various first-in-market insurance products as part of its innovative portfolio. This includes SmartStart, one of the most accessible entry-level insurance products in the market which protects you while helping you grow your investment. Additionally, policyholders can enjoy the Guaranteed Milestone Increase Benefit, which offers a pre-approved one-time increase in coverage amount when they hit major life milestones like getting married, having or adopting a baby, owning new real estate, graduating from university, retiring, to celebrating their policy’s 10^th anniversary.

As the insurer of the next generation, FWD designed the Celebrate Living series – digital, affordable products – to protect and empower Filipinos to enjoy their passions including The One for gamers, for music lovers, and for mental wellbeing—with each one having exclusive benefits protecting the lifestyle and passions of policyholders.

In partnership with the Junior Achievement of the Philippines (JA Philippines), FWD has also taken significant steps to make essential financial practices more accessible to underserved communities. Through the JASparktheDream program, FWD aims to develop financial literacy among primary school students from an early age, empowering them to achieve their dreams. Meanwhile, the JA ItsMyDream program equips Out-of-School Youths (OSYs) with entrepreneurship education and practical experiences to help them build better futures.

Learn more about FWD’s innovative products, services, and programs 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 3^rd in both new business annual premium equivalent¹ and premium income².

FWD Philippines is part of FWD Group, a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products, and a simpler insurance experience.

FWD Philippines is regulated by the Insurance Commission of the Philippines and is legally permitted to provide insurance products and services within the country.

For more information, please visit fwd.com.ph.

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

Want to get in touch?

Reach FWD here, or visit us at our Head Office.
Contact the Insurance Commission Philippines here.