Allianz PNB Life Insurance Inc. (Allianz PNB Life) expressed optimism about maintaining a double-digit growth in 2025, following the achievement of its 2024 year-end targets, according to chief operating officer Gino Riola.
“We’re positive about growth, achieving our targets across our partners. Our partnership with HSBC, in particular, has been a standout, with growth exceeding 100 percent of targets during the first year of our exclusive agreement,” he said.
It attributed the success to a multi-pronged strategy, including the recent launch of a new digital system to address legacy challenges, reassessing its salesforce and introducing “GOAT” (Greatest of All Time) products tailored to meet evolving customer needs.
As Allianz PNB Life continues its transformation, Riola emphasized the focus on protection and health insurance products, shifting away from single-premium investment products toward more sustainable offerings.
“This aligns with our goal to break into the top five of the industry rankings while remaining a leader in net new sales,” he said.
New initiatives for 2025 include the rollout of innovative funds in the first quarter and further development of sustainable partnerships, reinforcing Allianz PNB Life’s commitment to responsible growth.
The company’s three distribution channels—agency, PNB and HSBC—remain central to its strategy, with each channel expected to contribute significantly to its overall premium growth.
Riola also highlighted the importance of on-the-ground activations and leadership training, particularly with HSBC, which he described as one of the company’s most successful partnerships.
“We’re driving efficiency and focus in our partnerships, ensuring we continue to deliver exceptional value to our clients and stakeholders,” he said.
With these initiatives in place, Allianz PNB Life is well-positioned to sustain its growth momentum into 2025 and beyond.
