Manulife sees steady growth in premiums

Despite recent political challenges and natural disasters, Manulife Philippines said it has not seen a decline in new business premiums, citing the country’s strong economic fundamentals and sustained growth.

- MARCO LUIS BEECH

In a press briefing, Manulife president and CEO Rahul Hora said that remittances from overseas Filipino workers and revenues from business process outsourcing remain robust and continue to grow.

“The decline is not there because I think the fundamentals of the economy are still strong,” he told reporters. “In fact, with the dollar rate increasing, actually, the foreign remittance, which is coming in, is higher in terms of peso equivalent. So, we see continued support from these two main sources to the economy.”