One industry that continues its growth streak from last year is the life insurance industry. From a 5.6-percent growth in 2020, the life insurance industry posted a 36.6-percent growth in total premium during the first quarter of 2021, the Insurance Commission (IC) reported. As reported by Insurance Commissioner Dennis Funa, the 36.6-percent total premium growth was fueled by the 47.7-percent growth in the variable unit link (VUL) premium. It also reflects their confidence in life insurance companies as their providers and partners in growing their financial portfolio. Even as they face their own internal challenges and battles, life insurance companies only have their clients' best interest in mind.

Source: Manila Times September 26, 2021 13:30 UTC