TAGUIG CITY, Philippines – Pru Life UK was recently honored as a Circle of Excellence Awardee for Company of the Year at the 15th Asia CEO Awards, held on October 15, 2024, in Taguig City. The award underscores Pru Life UK’s contributions to business success in the Philippines, as well as its commitment to positive societal impact. As a leader in life insurance, Pru Life UK ranked first in the Philippines, according to the Insurance Commission’s latest report, achieving a New Business Annual Premium Equivalent of Php 4.8 billion and a total premium income of Php 22.5 billion from variable life insurance.
In addition to this recognition, Pru Life UK has received notable accolades for employer satisfaction and customer service, including the Philippines’ Best Employer award for 2022-2023 and the Best Customer Service award for 2023 from Philippine Daily Inquirer and Statista. Pru Life UK has also held the title of International Life Insurer of the Year – Philippines at the Insurance Asia Awards for four years, reflecting its leadership in the insurance industry.
The company has launched a range of initiatives to meet customer needs and enhance community engagement, including strategic partnerships with ATRAM Group and CIMB Bank Philippines to offer tailored investment solutions. Pru Life UK’s PRUBabies campaign aims to support newborns by reducing medical costs related to select infectious diseases. Another project, Project Padayon, has provided financial literacy training to residents of Bantayan Island, Cebu, while also teaching over a million students financial skills through the Cha-Ching curriculum.
Pru Life UK’s achievements demonstrate its ongoing dedication to service and community impact, continuing to play a leading role in the Philippine life insurance sector.
FAQs:
Q: What award did Pru Life UK receive at the 15th Asia CEO Awards?
A: Pru Life UK was named a Circle of Excellence Awardee for Company of the Year.
Q: Why was Pru Life UK recognized at the Asia CEO Awards?
A: Pru Life UK was honored for its business excellence and positive impact on Filipino society.
Q: What industry does Pru Life UK lead in the Philippines?
A: Pru Life UK is a leader in the life insurance industry in the Philippines.
Q: What are some of Pru Life UK’s key initiatives?
A: Initiatives include financial literacy programs, partnerships with ATRAM Group and CIMB Bank, the PRUBabies campaign, and the PRURide Philippines cycling event.
Q: How does Pru Life UK support financial literacy in communities?
A: Through Project Padayon, Pru Life UK provides financial literacy training, reaching over a million students with skills in money management.