Life insurance industry: Thriving under a united front

AS the pandemic hit our country's economy last year, not a few companies and industries experienced either degrowth, slowdown and even closure. We can only count with our fingers those that managed to perform well in 2020.

It's good to note one of the few sectors that did well last year is the life insurance industry. In a no-growth environment, the industry posted a 5.9 percent growth in total premiums (from new and renewal premiums). I consider this to be good news because it means more Filipinos are now protected or continue to be protected from unexpected life risks.