New Pru Life UK CEO pays courtesy visit to Insurance Commissioner

Pru Life UK’s newly appointed CEO Sanjay Chakrabarty met with the Insurance Commissioner Atty. Reynaldo Regalado (right) to reinforce the company’s commitment and support to the Insurance Commission’s goal to advance financial literacy & inclusion in the country, and good governance in the insurance sector.

Strengthening their commitment to providing better financial protection for Filipino families, IC Commissioner Regalado and Mr. Chakrabarty shared their insights and plans to bolster financial literacy initiatives, improve governance standards, and expand access to insurance products, particularly among vulnerable and underserved populations. Providing financial protection to the Muslim community is another key priority of the Commission, to which Pru Life UK pledged its support and commitment.

“It was an honour 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 shares. 

Pru Life UK is the 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 as of 31 December 2023.