Pru Life UK’s newly-appointed chief executive Sanjay Chakrabarty conveyed the company’s commitment and support to the Insurance Commission’s goal to advance financial literacy and inclusion in the country and good governance in the insurance sector.
Chakrabarty met with Insurance Commissioner Reynaldo Regalado to discuss financial literacy initiatives, improved governance standards and expanded access to insurance products.
They underscored the need to include vulnerable and underserved populations in the financial sector.
Pru Life UK also pledged its support and commitment to IC’s goal to provide financial protection to the Muslim community.
“It was an honor to meet Insurance Commissioner Atty. Reynaldo Regalado and reinforce Pru Life UK’s commitment to achieving our shared goals of increasing insurance penetration in the Philippines and elevating good governance in the life insurance industry,” Chakrabarty said.
Pru Life UK is a leading life insurer in the Philippines, recording the highest new business annual premium equivalent (NBAPE) in 2023, according to the Insurance Commission’s latest report.