MANILA – What better way for Allianz PNB Life (AZPNBL) to mark its 10th year in the Philippines than by posting a 98-percent growth in new business for the first half of 2026.
New business in insurance parlance means a new policy sold to a client for the first time.
AZPNBL ranked third in the Philippine life insurance industry in terms of consolidated New Business Annual Premium Equivalent (NBAPE) for the same period, according to Insurance Commission data.
The company recorded PHP4.59 billion in NBAPE, a key measure of new business sales, representing a 98-percent rise year-on-year.
The company also expanded its customer base, with momentum driven in part by the strength of AZPNBL’s bancassurance partnership with Philippine National Bank (PNB).
The company expanded its network of Financial Solutions Specialists, with almost 500 serving more customers across PNB branches nationwide.
The broader distribution footprint helped AZPNBL connect with more Filipino families, and make financial protection and wealth-building solutions more accessible where customers need them most.
“For 10 years, we have worked to earn the trust of Filipino families by helping protect what matters most to them,” Joe Gross, president and chief executive officer of AZPNBL, said during a press briefing at Manila Polo Club in Makati City on Wednesday.
“Our strong first-half performance and continued customer growth are proof that our purpose continues to resonate. For us, growth is not just a business result. It is proof that more Filipino families trust Allianz PNB Life to help secure what matters most. That trust inspires us to keep delivering solutions and partnerships that make a meaningful difference in people’s lives.”
As it steadily climbs up the insurance ladder, AZPNBL continues to give back.
“Insurance and sustainability share the same goal: Building resilience,” AZPNBL chief marketing officer and chief of staff Zanne Magararu said.
“Through our products, we help families prepare financially and protect the future they are working hard to build. Through our partnerships, we strengthen resilience where it matters most. Together, these are proof points of our commitment to helping Filipino families become more resilient and more panatag (calm), whether through financial protection, greater opportunities or stronger community preparedness.”
Two flagship initiatives exemplify AZPNB’s shared-value approach: MoveNow, which supports young single mothers and is implemented in partnership with Bahay Tuluyan through employability training, financial literacy, life skills development, parenting support, childcare assistance and psychosocial services; and Project Talaghay in collaboration with the Philippine Disaster Resilience Foundation (PDRF) to help strengthen disaster preparedness and climate resilience in vulnerable communities.
“By helping participants become more financially independent, the initiative creates better opportunities for both mothers and their children,” Bahay Tuluyan executive director Catherine Scerri said.
Project Talaghay and PDRF, meanwhile, support risk awareness, early warning systems, local capacity-building, and community-led action that enable families and communities to prepare.
“In a world that has gone crazy, people look for who they can trust,” Gross said.
He admitted that reading about global and domestic problems makes him anxious.
“The world has become a very volatile space. People seek stability, protection and trust,” he said.
Gross said AZPNBL will continue broadening its reach through simple, relevant and affordable solutions, while enhancing customer experience and strengthening its distribution capabilities to create sustainable long-term value.
Some of AZPNBL’s products are Allianz Secure Save, an insurance and savings solution designed to help Filipino breadwinners achieve important life goals while protecting the people who depend on them; and Allianz Secure Save that makes it possible for customers to grow their money through professionally managed investments while benefiting from life insurance protection.
As it enters its next decade, AZPNBL said it remains committed to turning its purpose into action and its promise into proof, helping more Filipino families live more at ease every day. (PNA)
Article by Philippine News Agency
