FINTECH Alliance Philippines has tapped Pru Life UK President and Chief Executive Officer (CEO) Eng Teng Wong to lead its Insurance Technology (InsurTech) Committee, the insurer said in a statement on Tuesday
“As the current InsurTech Committee Chairman of the FinTech Alliance Philippines, I am excited to spearhead discussions and concerted initiatives that leverage mobile and online apps and platforms to drive up financial/insurance awareness, literacy and inclusion in the country,” Mr. Wong said.
“Across the Philippines, we are digitally empowering over 33,000 Pru Life UK financial advisors to reach and bless more Filipino families,” he added.
Pru Life UK ranks third among life insurers in the country, based on latest data from the Insurance Commission (IC). The firm recorded a premium income of P38.05 billion in 2021.
Meanwhile, Fintech Alliance Philippines is the country’s premier and biggest digital commerce association, accounting for more than 90% of digital-initiated transactions in the country.