Manulife PH to double life insurance biz growth

Manufacturers Life Insurance (Manulife), the local arm of the Canada-based Manulife Financial Corp (MFC), said on Tuesday it will capitalize on the fast-growing economy and tap into the middle-income market to double its growth in the life insurance business this year.

“Manulife is going to double the investment we make in our business in 2015 to make ourselves more accessible to customers all over the country... through increased spending in marketing and branding,” said Manulife President and Chief Executive Officer Ryan Charland.