March 21, 2023

Sun Life Philippines eyes double-digit growth in 2023

The insurance firm aims to increase its premium income in 2023.

Sun Life of Canada (Philippines), Inc. eyes sustained growth in 2023 as it intends to launch new products to address its clients’ needs amid higher interest rates and elevated inflation.

Sun Life Philippines CEO Benedict C. Sison announced that it is cautiously optimistic as it eyes double digit premium income the following year.

Sunlife was the top insurer in the country in terms of premium income in 2021 with P45.47 billion, up 15.9% from P39.23 billion recorded the previous year.

The Bankero attributed the growth to the firm’s brand and reputation and their productive agency force.