Manila, Philippines: With a net worth of more than P7 billion, BPI-Philam continues to hold its spot as the top bancassurance firm in the Philippines. Figures released by the Insurance Commission show that the company is steadily improving upon its financial performance over the years.

The release of this data follows the news of BPI-Philam being awarded as the Philippines’ Best Life Insurance Company for 2017 by international finance magazine World Finance.

The firm has had a stellar year as they collectively grew more than P1 billion in premium income and net worth by 6% and 22% respectively. This bodes well for the overall standing of parent company Philam Life, as their combined premium income totaled to Php40.2 billion. These numbers prove how fast BPI-Philam is growing in the industry.

“This growth is a testament to the company's strong business model, customer-centric client servicing and industry innovative products,” said BPI-Philam CEO Surendra Menon. “BPI-Philam plans to use this momentum to further develop products and services this year that not only meet the client's needs but also stand as innovations in the insurance industry.”

BPI-Philam has been focusing its efforts on educating Filipinos on financial literacy, investment, and security. As it continues to be the undisputed benchmark in the bancassurance industry, the company remains positive for its future projects and products that will benefit Filipinos.

About BPI-Philam Life: BPI-Philam Life Assurance Corp. is the Philippines’ leading bancassurance firm. It was born out of an alliance between The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI). Together, they have a combined experience of more than 165 years. Governed by the standards of the Insurance Commission and Bangko Sentral ng Pilipinas, the firm is the largest company offering insurance products in over 800 branches nationwide.