THE German-based insurance company, Allianz, in partnership with the Philippine National Bank (PNB) will establish its permanent office in Cagayan de Oro City this year.

According to Noel Ellorenco, the chief agency officer of Allianz PNB Life, they have already started the construction of the agency office at the 5th floor of SM CDO Downtown Premier.

The 200-300 square-meter branch of the Allianz PNB Life Insurance will serve as an outpost in Cagayan de Oro City for the agents of Allianz and its customers or clients who would like to avail their insurance packages.

"Actually we are giving Cagayan de Oro one of the most beautiful offices ng Allianz," Ellorenco said.

The chief agency officer added that the construction of the office will be finished by March this year.

Meanwhile, clients who are interested to avail of the insurance packages of Allianz PNB Life while the construction is still ongoing, Ellorenco said they can visit the PNB branches in Cagayan de Oro.

Ellorenco also shared that the construction of the Allianz PNB Life office in Butuan City, located near Hotel Oazis, is already finished, while they are already started building the office in Davao City.

The chief agency officer added that Allianz is also planning to put an office in Bukidnon.

Allianz PNB Life is among the major life insurers in the Philippines, which began its operations in 2001. It has been in Cagayan de Oro City for two years.