Tuesday, July 31, 2007 An auspicious 2007 for Generali Pilipinas
* 75% growth recorded in first semester of 2007
GENERALI Pilipinas (GP) recorded robust growth in the first five months of 2007. In May alone, sales figures were in an all time high of 85 percent growth over the same month last year. By far the highest production in a single month for GP’s combined operations historically, this translates to year-to-date (YTD) total premiums of P974 million or a 75 percent jump over the same period last year.
The month of May was especially impressive for Life operations as premiums exceeded the 200 million mark for the first time. This is 38 percent higher than the target for the month and 40 percent higher than target for the year.
BancAssurance channel reaped P589 million year-to-date premiums, heralding a steady increase in regular pay plans. This increase nearly approximated its 2005 full year combined production of P590 million. Equally commendable was the Broker channel’s growth in life year-to-date premium of P252 million.
“I am proud of our achievements thus far,” said senior executive vice president Joe Ferreria, chief marketing officer of Generali Pilipinas. “To both our sales teams and backroom support teams, let us continue to make bigger strides in the industry as we focus on delivering added value to our clients,” he added.
Having completed an impressive first five months, GP is determined to surpass its targets throughout the year. It will likewise enforce effective service delivery system of its products and services to its customer base, as it harnesses the power of its focused teams. (Press release)
