FWD continues growth
FWD continues to be one of the Philippines’ fastest growing insurers. The company’s total assets grew by 67 percent to P6.14 billion and total investments more than doubled to P5.09 billion compared with the previous year. FWD’s new business APE (Annual Premium Equivalent) grew by an impressive 53 percent over the prior year, increasing its individual life customer base to more than 20,000 at the end of 2016. With the launch of the e-commerce and corporate care channels late last year, FWD is now a true multi-channel business, consistent with its goal of reaching and servicing Filipino customers with innovative and relevant insurance solutions through the channel most convenient to them. “Whilst the first quarter of 2017 has continued with strong momentum for FWD, our mission remains the same: to be a challenger brand, drive innovation, and change the way Filipinos feel about insurance,” said FWD Philippines president Peter Grimes said.