Al­lianz cel­e­brates third year of suc­cess­ful part­ner­ship with PNB

Sun Star Bacolod - - Communityb­ulletin -

GLOBAL in­surer Al­lianz has marked the third year of its part­ner­ship with the Philip­pine Na­tional Bank (PNB) in a pri­vate din­ner cel­e­bra­tion at the Cen­tury Park Ho­tel in Pasay City re­cently.

The two lead­ing fi­nan­cial com­pa­nies en­tered into a 15-year ban­cas­sur­ance part­ner­ship in 2016, which lead to the es­tab­lish­ment of Al­lianz PNB Life In­sur­ance Inc.

Al­lianz PNB Life presi- dent and chief ex­ec­u­tive of­fi­cer (CEO) Olaf Kliesow, in his speech, said the com­pany’s an­nu­al­ized pre­mium in­come last year stood at an his­toric high.

“It has quadru­pled com­pared to when we started in 2016,” he said.

Kliesow at­trib­uted this suc­cess to the “in­com­pa­ra­ble and un­com­pro­mis­ing sup­port from the LT Group… and the “thou­sands of Philna­bankers who sup­ported our Ban­cas­sur­ance goals over the years.”

“The ba­sic as­sump­tion of our part­ner­ship has worked out well — is the lo­cal reach of the bank, its strong rep­u­ta­tion, and its wide net­work cou­pled with the global know how of Al­lianz on prod­ucts and dig­i­tal as­sets that was the back­bone of our suc­cess,” he pointed out.

Kliesow, who has been re­cently re-elected pres­i­dent of the Philip­pine Life In­sur­ance As­so­ci­a­tion (PLIA), fur­ther lauded both com­pany’s con­sis­tent ef­forts in fol­low­ing the plans they have charted in grow­ing the busi­ness in the Philip­pines.

“I have seen many busi­ness plans and joint ven­tures kick­ing off but I have seen none that man­aged to stick or even ex­ceed the plan to the ex­tent our col­lab­o­ra­tion has man­aged to do,” he said.

In 2017, ac­cord­ing to the In­sur­ance Com­mis­sion, Al­lianz PNB Life’s pre­mium in­come grew 95.6 per­cent to P5.30 bil­lion from P2.71 bil­lion in 2016.

This was more than dou­ble the av­er­age in­dus­try growth rate of only 11 per­cent. Like­wise, in the same year, Al­lianz be­came the Philip­pines’ fastest grow­ing life in­sur­ance com­pany, it added.

Growth prospects re­main strong and out­look for the com­pany’s core mar­ket is pos­i­tive as Al­lianz launches a new cam­paign this first quar­ter.

“We opened 2019 with a de­lib­er­ate cam­paign to make ev­ery PNB client and de­pos­i­tor ask about in­sur­ance. We look for­ward to re­in­forc­ing our re­la­tion­ship with PNB this 2019 with solid ini­tia­tives fol­low­ing what we have started for in­sti­tu­tional bank­ing and global Filipino bank­ing sec­tors. We have made our cross-sell­ing re­port­ing ac­tiv­i­ties, fun and dig­i­tal through Dare to Re­fer,” he said.

He also cited that Al­lianz PNB Life “is no or­di­nary life in­sur­ance com­pany.”

“It is world-class, it is big in its mes­sages, it has a wide scope of global re­sources that can be tapped, but it re­tains its lo­cal flavour of be­ing hos­pitable, one that re­ally cares, be­cause it knows the Filipino by heart. The jour­ney con­tin­ues and we have just started. The best is yet to come. In­deed, our first three years is wor­thy of cel­e­brat­ing the part­ner­ship,” he con­cluded.

Present dur­ing the cel­e­bra­tion were Al­lianz Asia Re­gional CEO Ge­orge Sar­torel, Al­lianz Asia Re­gional Deputy CEO Sol­maz Altin, Al­lianz PNB Life and LT Group Inc. Chair­man Dr. Lu­cio Tan, PNB Di­rec­tor Car­men Tan, PNB chair­per­son Flor Tar­riela, PNB pres­i­dent Wick Veloso, and pres­i­dent and CEO of Al­lianz PNB Life Alexan­der Grenz./pr

(FROM LEFT) PNB Di­rec­tor Car­men Tan and LT Group Inc. Chair­man Lu­cio Tan re­ceiv­ing the award from Olaf Kliesow, pres­i­dent and CEO of Al­lianz PNB Life, in a din­ner cel­e­bra­tion at the Cen­tury Park Ho­tel in Pasay City re­cently.

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