Manulife Malaysia has outperformed the market despite industry declines, the group managed to record a growth of 1.3% in 2022 against the previous year. As for portfolio, Bancassurance recorded 17% Annualised Premium Equivalent (APE) growth despite the market shrinking by 7%, while Manulife Labuan recorded 21% YoY APE growth.
Its Agency Force also saw a growth in headcount, growing to 11% YoY whilst the market shrunk to 3% YoY.
Manulife Malaysia’s Group Chief Executive Officer, Vibha Coburn reveals the ongoing business transformation at Manulife Malaysia and her ambitions for delivering growth while also doing the right thing for our people.
“At Manulife, we are committed to helping the people of Malaysia secure a better financial future,” said Vibha Coburn, Group Chief Executive Officer, Manulife Malaysia. “Our customers have always been at the core of what we do, and through our solutions and services, we have the opportunity to make the lives of everyday Malaysians better.”
Growing on the momentum of 2022, Manulife Malaysia strives to continue its innovation in product design as well as their efforts to build an awareness on Health, Savings and Retirement solutions.
