Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts

Tuesday, March 23, 2021

Strengthening Information About Fire Prevention with Cebuana Lhuillier Insurance's Webinar with BFP

9:57:00 PM

 


Just like with our health, prevention is better than cure. One of the best ways to prevent fire and damages on properties is to be informed. This month is the season to be more aware of the surroundings and situations.  The damage of getting your house razed by fire is insurmountable; fires at home can break out anytime and anywhere and can damage livelihood, household appliances, and more. In 2018, the Bureau of Fire Protection (BFP) recorded a total of 14,316 incidents of fire from January until December.

This is why every March is Fire Prevention Month in the Philippines, and BFP’s campaign for this month is safety consciousness among our people every day of the year as a positive preventive approach to a problem that can be solved by more caution, vigilance, sobriety, the exercise of common sense and respect for the law.” It is a campaign that focuses on exercising vigilance at home and keeping oneself knowledgeable on the best way to protect your home and family from destruction brought about by fire.


“Cebuana Lhuillier has always committed to being of help to the Filipinos at all times, and our call for Fire Prevention is a reflection of that, our insurance products that aim to keep our clients protected at all times is a complementary effort to our advocacy for this month,” said Jean Henri Lhuillier, President, and CEO of Cebuana Lhuillier.

PJ Lhuillier’s insurance arm, the Cebuana Lhuillier Insurance Brokers, Inc (CLIB), has also expressed its support for BFP’s campaign through the years. It has been a staunch advocate of having Filipinos insured, posting almost a 35% contribution to the total number of insured Filipinos through microinsurance. CLIB has also worked together closely with the Insurance Commission in promoting microinsurance in the country, they have settled over more than 5,300 million claims worth over Php 500 million they have serviced over 16,500 claimants. Cebuana Lhuillier Insurance Brokers’, Inc. is also the first and only ISO-certified insurance broker in the Philippines.


Also launched this month in conjunction with the celebration of Fire Prevention Month is a promo dubbed “Panalo ka sa ProtectMax” where clients of the ProtectMax product of CLIB get a chance to win Php 25,000. The promo is open to all clients who will purchase 5 ProtectMax COCs; these 5 COCs are equal to the e-raffle entry. For the promo, 20 lucky raffle winners will be selected and will win Php 25,000.

“This Fire Prevention month, it is very important to drumbeat awareness on fire safety and prevention, and the importance of being protected. CLIB believes that an information and education drive is very important to ensure that everyone is well-informed against conflagration,” said Cebuana Lhuillier Insurance Brokers’ Inc., Jonathan Batangan.

For clients who are interested to keep themselves protected without having to go to Cebuana Lhuillier’s more than 2,500 branches, they may purchase Home Insurance via the ProtectNow app or website, just log on to protectnow.com to see CLIB’s full range of products online.


They’ve also mounted the #SunogFreeWorryFree: ProtectMax Kontra Sunog webinar which aims to highlight the importance of being ready for untoward situations especially fire, and the importance of having protection whenever there are threats of a conflagration.

Saturday, December 8, 2018

1CISP One of the Top 10 Fastest Growing Coop Insurers in the World

11:38:00 PM

Union is strength and coop is power, the largest cooperative insurance organization in the country, 1Cooperative Insurance System of the Philippines (1CISP) is one of the fastest-growing insurance cooperatives in the world and this is based on the prestigious International Cooperative and Mutual Insurance Federation's (ICMIF) 2018 rankings.

1CISP President and CEO Roy S. Miclat revealed this achievement during a press briefing held at the Romulo Cage in Makati City last December 4.

Published last November 20, ICMIF's Key Statistics Report surveyed its largest and fastest-growing members across product and regional line, with 1CISP among the top performers, placing 8th for fastest-growing life insurers, and 17th over all for emerging markets, at a 23.8% premium growth from 2016-2017.

out of ICMIF's network comprised of 197 members world wide, 1CISP is among only a handful of Asia-based members with growth stacking up against the international rankings.

"ICMIF is one of the industry benchmarks we hold ourselves to, as they only global representative body of the cooperative and mutual insurance sector," Miclat shared. "And their 2018 report validates the sustained momentum 1CISP has achieved," he added.

Miclat also announced that 1CISP breached the 2-billion-peso mark in terms of total assets in the third quarter of the year. The insurance cooperative registered total assets of Php2.04 billion as of end September 2018, a huge 50% growth from the Php1.36-billion asset level in the same period last year.

With this asset surge, 1CISP has outpaced the 18-20% overall growth of the local insurance industry, according to Miclat.

"1CISP, in comparison to corporate insurance counterparts, is growing at a remarkable rate, and believe it or not, this is not an isolated phenomenon in the country. It is a lot more common across the world than previously thought, with a precedent since 2007," said Miclat, citing the ICMIF outline of industry trends.

Based on ICMIF analysis over a ten-year period (2007-2017), ICMIF members not only experienced exponential growth, but also outperformed the overall insurance industry average, including non-cooperative insurers. The Key Statistics Report outlines, "ICMIF members have grown at a significantly faster aggregate rate than the global insurance market as a whole. During this 10-year  period, ICMIF members increased their collective premium volume by 39.3%, considerably greater than the total market average, which grew by a total of 16.8%."


"these numbers speak for themselves and support 1CISP's mission - a prosperous Philippines is a cooperative Philippines," Miclat stressed. "while we take pride in reaching greater heights together with our peers in cooperative insurance, we are even happier that cooperatives are getting the credit they deserve," he added.

Miclat also gave an overview of 1CISP's 2019 business forecast, projecting an upward trajectory in the wake of their 2-billion asset milestone. "cooperatives have been succeeding away from the limelight all this time, but our time to shine is now. We want to show everyone that Philippine cooperatives are making their mark both here and on the world stage, as globally-competitive organizations," he concluded.

This comes as 1CISP is injecting new vigor into the local cooperative movement through initiatives such as the 1Koop Leaders Academy, an upskilling training program for future cooperative leaders; and the Coop Kicks, a contest for young innovators and aspiring entrepreneurs to pitch their ideas on cooperative ventures. Launched at the 14th National Cooperative Summit in Davao city last October 3-5, these programs were officially kicked off, with 1CISP set to host in 2019 a tri-city HR Summit to modernize the cooperative enterprise, and a youth pitch fest, respectively.

1CISP is also sending a delegation to the biennial ICMIF Asia and Oceania Association (AOS) Seminar 2018 on December 6-7, in Hong Kong. Slated to speak and interact with youth, Miclat, with other cooperative insurance heads, will lead the Morning Meeting by CEOs and Young Attendees.

Tackling the theme "Impact of Digital Innovation," the AOS is a forum for exchanging invaluable insights, with 1CISP representing the Philippines as the champion for tech-adoption among coops and engaging the youth.

Wednesday, June 6, 2018

Perfect Match | Is There Any?

9:48:00 PM

It seems that people are trying to search for their perfect match. Some of them tried different approaches in looking for that right match. Some ends up with the right one and some ends up continuously looking. In reality, looking for that right match is hard but of course you'll find it eventually at the right moment and at the right time.

Just saw this ad from one of the insurance company in the Philippines right now, Sunlife, and their tag line for this June is "Find Your Perfect Match" and since according to them June is the Financial Independence Month. So, have you found or met your perfect match?



Actually there's a saying that 'nobody is perfect', indeed it is true but most of us are striving to be perfect by having our life planned out. And that's where financial planners or advisors comes in. They give us options on what we are ought to do with our lives. Of course it helps out because you'll have someone to ask or inquire of what you must do.

Sunlife is just one of the companies that provides that option and it is up to us whether we believe in their promise or we'll just pass it by. No one dictates us but we are not getting younger and preparing for the future is just a must.

So, whatever insurance companies your planning to go with just make sure that you're wholeheartedly ready and prepared to decide. What is important is your future, our future, and most importantly your family's future.



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