Sun Life retains PH’s top insurer

Sun Life of Canada (Philippines), Inc. maintained its lead in the domestic life insurance industry, posting P28.9 billion in premium income in the second quarter of the year.

- By DERCO ROSAL

In a statement, the local unit of Sun Life of Canada, Inc. reported that premium earnings were nearly double the company’s P15.1 billion income from the previous quarter, a surge that secured its position as the top performer.

"This achievement reflects Sun Life’s exceptional performance and its unwavering commitment to delivering quality service and client experience,” the company said on Friday, Aug. 22.

The insurer attributed the strong performance to its client focus and the combined efforts of its agency force and head office, which it said “solidified its position as a leader in the life insurance sector.”

Benedict Sison, Sun Life Philippines chief executive officer and country head, stressed that the firm’s client-centered operations allowed premiums to surge despite global uncertainties and “technological disruption.”