Mr Ariel Cantos is Senior Advisor to the CEO of Philam Life. Before assuming his current role, he served as the CEO before stepping down in March 2019. Asia Advisers Network sat down for an exclusive interview with him to reflect on his journey and to pass on his wisdom from over 37 years of experience in the insurance industry.
In what's new this week, check out what your peers are doing in China, and we've got some developments on InsurTech firms to share.
A curation of the latest and most important developments in the insurance industry to keep you up to date.
Manulife Philippines has announced the appointment of its new President and Chief Executive Officer (CEO).
With 21 years of service in AIA, Mr Kelvin Ang has held various leadership roles, including Chief Agency Officer of China, where he played a key role in the success of AIA China's agency transformation, and Regional Chief Agency Officer, with AIA Hong Kong, China, and Vietnam in his portfolio, with the mission to future proof the business through digitalisation and new market expansion. He assumed the role of Chief Executive Officer at Philam Life, AIA's business unit in the Philippines, effective 1 March 2019.
Most Filipinos lack preparation for their retirement, with average retirement savings to last them for 3.6 months, according to a survey conducted by Manulife. It is the lowest among eight markets in Asia.
Insurance Commission of the Philippines has introduced new regulations banning insurers from outsourcing functions or business processes that are directly related to doing or transacting insurance business.
The Philippines Insurance Commission (IC) has published a set of rules covering insurance Web aggregators in a move to supervise and monitor the sector.
For her commitment to helping advisers flourish in their careers and find fulfilment in their mission of helping clients achieve financial security, and championing of the agency force by enabling, ennobling and engaging them, Ms Rizalina Mantaring, CEO and Country Head, Sun Life Financial Philippines, was named the executive champion of the year at the 3rd Asia Trusted Life Agents & Advisers Awards.
For her 43 years of service in the insurance industry, for changing the lives of many women through the profession and for her continued commitment and achievements as an octogenarian, Mrs Antonia Lucrecia Nicdao from Philam Life, Philippines, was recognised with the Lifetime Achievement Award at the 3rd Asia Trusted Life Agents & Advisers Awards.
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