Pru Life UK renews license with the Insurance Commission

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Pru Life UK President and CEO Antonio De Rosas receives the Certificate of Authority from Insurance Commissioner Hon. Dennis Funa.

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Insurance Commissioner Hon. Dennis Funa (center right) discusses with Pru Life UK President & CEO Antonio De Rosas (center left) during the latter’s visit to the Insurance Commission’s head office

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(from left) Pru Life UK SVP & Chief Customer Marketing Officer Allan Tumbaga; Pru Life UK EVP& Chief Financial Officer Lee Longa; Pru Life UK SVP& Chief Legal and Government Relations Atty. Emeren Vallente; Pru Life UK President and CEO Antonio De Rosas; Insurance Commissioner Hon. Dennis Funa; Insurance Commission Deputy Commissioner for Technical Services Hon. George Ongkeko Jr.; Deputy Insurance Commissioner Hon. Ferdinand George A. Florendo

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British life insurer Pru Life UK—a subsidiary of international financial services group Prudential plc—has renewed its license with the Insurance Commission to continue operations in the Philippines and carry on with its mission to help Filipinos achieve their financial goals through its life insurance solutions.

In 1996, the Insurance Commission granted Pru Life UK the license to operate and sell life insurance products in the Philippines. Pru Life UK is the pioneer in the country of the sale of insuravest, or life insurance products with investment component, and is one of the first life insurers approved to market US dollar-denominated insuravest policies in the country.

Since then, Pru Life UK has expanded its reach to over 130 branches in the country, with the biggest life agency force of more than 20,000 licensed agents, and has emerged as one of the country’s top three life insurers, based on the Insurance Commission’s 2017 rankings in terms of new business annual premium income.

Prudential plc, which has businesses in Asia, the US, Europe and Africa, recently released its 2018 performance results, citing continued growth in profit and dividend. Please click here to know more.

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