Generali Pilipinas reports 112% hike in premium income

Insurer Generali Pilipinas (GP) breaks its P300 million mark for the first time in a single month with a 112% hike in its January 2008 premium income, hitting P326 million from P154 million last year.

Business from its Life Company grew by 64% at P197.23 million while its Property & Casualty Company contributed 290% growth at P128.53 million.

Generali Pilipinas Chief Marketing Officer Joe Ferreria said, “January 2008 is “a record-breaking month and we expect it to continue in the succeeding months ahead.”

Riding this upward growth are its Brokers Channel having exceeded P100 million premiums in January, and its Agency Channel reaching its highest production with P31 million mark in a single month. The month of January was equally impressive for its Development Underwriting Channel as premiums reached over P93 million.

GP is a strong advocate for home disaster preparedness in the country. Its products and services include life insurance, auto and home insurance, small and medium business protection, employee benefit plans as well as commercial property insurance. It has offices in Metro Manila, Bacolod, Baguio, Cebu, Davao and other major cities throughout the country.