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September 29, 2023

Pru Life UK teams up with ATRAM Group to boost investment returns

Pru Life UK has partnered with the ATRAM Group, a wealth and investment management organization known for its disciplined investment process that focuses on the medium- to long-term horizon, aiming for superior and consistent returns.

According to data from the Insurance Commission, as of December 2022, Pru Life UK ranked 9th among 32 life insurance companies in the country in terms of net income, but it ranked 21st in terms of paid-up capital.

Pru Life UK president and CEO Eng Teng Wong said, ‘With this promising partnership, we are reinforcing Pru Life UK’s growth trajectory and investment performance, which will benefit our customers.’

‘We are thrilled to partner with Pru Life UK, the pioneer and leader in investment-linked insurance products. Our shared vision of securing the financial well-being of our clients forms the foundation of our collaboration,” said ATRAM Group CEO Michael Ferrer.

As of March 31, 2023, Pru Life UK’s total assets amounted to P133.87 billion, with a net worth of P4.52 billion. Its invested assets were valued at P166.47 billion.

The ATRAM Group manages assets totaling P165 billion.


BSP and BMAP strengthen collaboration

The Bangko Sentral ng Pilipinas (BSP) and the Bank Marketing Association of the Philippines (BMAP) directors and executives met to enhance their longstanding partnership, focusing on initiatives related to consumer protection, financial literacy, and cybersecurity.

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