EastWest Ageas Insurance Posts Growth Amid The Global Pandemic

EastWest Ageas Insurance has posted tremendous growth over the last two years, despite the global pandemic threat.

In just over six years, EastWest Ageas has protected the lives of over 250,000 Filipinos across the country. The company began operations in 2016 with only five insurance solutions, including its Group Mortgage Redemption Insurance (MRI). It now has 13 financial solutions that help Filipinos live their best lives today.

Over the past two years, EastWest Ageas has been the fastest-growing insurance firm among the top 15 insurers in Annual Premium Equivalent (APE). According to the Insurance Commission’s Life Insurance Sector Quarterly Statistics, it has grown by 35% over the same period last year and is now the tenth largest insurer in terms of APE.

Its rise to the top ten demonstrates the company’s financial stability and growing strength.

“These are exciting times for EastWest Ageas,” said President & CEO Glenn Williams. “I can say with great pride that our team was committed to providing Filipinos with the necessary life and health protection, especially during the global health crisis.”

Williams continued, “Being in the top ten is exhilarating, but we will not rest on our laurels. Indeed, the recent launch of our agency channel inspires us to create excellent opportunities to help more Filipinos plan a better future and live their best lives today.”

“EastWest Ageas is undoubtedly on the rise,” stated Country Manager Sjoerd Smeets. “I’m excited to help the company grow and become a strong contender in our highly competitive industry.”

EastWest Ageas Insurance is a joint venture between Ageas, a global insurer with 200 years of experience, and East West Banking Corporation, which has almost 400 retail banks across the country.