Sun Life Flexes Dominance As No. 1 Life Insurer in the Philippines

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Sun Life of Canada (Philippines), Inc. (Sun Life) once again flexes its dominance in the Philippine life insurance industry. The company ranks as the No. 1 life insurer in both the Total Premium Income and New Business categories among life insurance companies in the Philippines.

Sun Life is the No. 1 Life Insurer in the Philippines

According to a report posted by the Insurance Commission (IC) on its website, Sun Life landed on the top spot in terms of Total Premium Income. Its earnings have reached more than 52.6 billion as of December 31, 2022. The top position in this category has been held by the company for 12 straight years, proving the stability and solid strength of the organization.

In parallel results, Sun Life also led in the New Business category by generating more than 9.7 billion worth of new business, eclipsing the figures of the nearest contender within the same period.

Sun Life, Sun Life of Canada, No. 1 Life Insurer in the Philippines, Sun Life President Alex Narciso, Bacolod mommy blogger, money, life insurance company — ~ ***Sun Life President Alex Narciso***. ~

“More than anything, being No. 1 reflects the confidence of our clients who have chosen Sun Life to be their partner in securing their future. We thank them for the privilege,” says Sun Life President Alex Narciso. “Rest assured that we will continue to strive to be worthy of their trust.”

A Collective Effort

Meanwhile, Sun Life CEO and Country Head Benedict Sison lauded the company’s advisors and employees. “This accomplishment is the result of everyone’s concerted efforts, as we strive to bring our clients a delightful experience throughout their financial journey. This affirms that anchoring ourselves on our clients and our purpose to help them achieve lifetime financial security and live healthier lives will always lead us to great results, and we are inspired to do more,” he said.

Sun Life, Sun Life of Canada, No. 1 Life Insurer in the Philippines, Sun Life CEO and Country Head Benedict Sison. — ~ **Sun Life CEO and Country Head Benedict Sison**. ~

Now in its 128^th year, Sun Life pioneered life insurance in the Philippines and remains to be the longest-standing insurer in the country. The news about its No. 1 ranking comes on the heels of the announcement by the Trusted Brand Awards that Sun Life has once again earned the Platinum Award in both the Insurance and Investment Fund Company categories for 13 years in a row.