FWD Insurance has partnered with Cebuana Lhuillier to bridge the financial and protection gap covering a wider socioeconomic segment of the Philippine market. In an agreement signed in April 2021, affordable FWD insurance plans and digital solutions will be made accessible to Cebuana Lhuillier’s close to 30M Filipino customers spread across 2,500 branches nationwide.
Li Hao Zhuang
FWD Insurance is the top 4 insurer in the country based on New Business Annualized Premium Equivalent (NBAPE), the unaudited Insurance Commission financial report indicates. It was a big leap from the previous eighth position in 2019, with the Insurer posting a 43% increase in premiums to over Php13Bn, and 39% growth in assets to almost Php20Bn from 2019 to 2020.