Generali Pilipinas' January premiums break record
Generali Pilipinas has breached the P300-million mark for the first time in a single month with a 112-percent increase in its January 2008 premium income, seeling P326 million worth of policies from P154 million in the same month last year.
Business from its life operations grew by 64 percent to P197.23 million while its property and casualty operations contributed 290-percent growth at P128.53 million.
Generali Pilipinas chief marketing officer Joe Ferreria declared that they expect the same performance level in the succeeding months.
The brokers channel exceeded P100-million worth of premiums in January, and its agency channel reaching its highest production with a P31-million mark in a single month.
The month of January was equally impressive for its development underwriting channel as premiums reached over P93 million.
Generali Pilipinas is a strong advocate for home disaster preparedness in the country.
Its products and services include life insurance, auto and home insurance, small and medium business protection, employee benefit plans as well as commercial property insurance.
It has offices in Metro Manila,
Last year, combined premiums recorded revenues of P1.9 billion from its life business and P471 million from its property and casualty business.Brokers and bancAssurance teams delivered P641.53 million and P1.26 billion, respectively. Its agency channel reported growth to P249.40 million.
The development underwriting channel also showed great potential by ending the year at P216.38 million.
Generali Pilipinas is a joint venture insurance company between Generali Asia and Banco de Oro Unibank Inc. (BdO). Generali Asia meanwhile is a regional alliance between Assicurazioni Generali (Generali) of
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