FWD Life Insurance (FWD Philippines) has expanded its footprint in the Visayas region by boosting its Cebu Business Hub.
The hub reopened in December 2024 with a bigger and improved space to provide accessible and innovation financial services. It is now also ready to support the recruitment of financial advisers.
Go deeper with GlobalData
In addition, the expansion of the hub displays FWD Philippines’ dedication to supporting the area’s economic growth and its proactive approach in bolstering financial literacy and empowerment.
“This development contributes to nation-building by creating additional jobs, enhancing our workforce, and extending financial inclusion to the next generation of Filipinos. Through this, we also aim to protect more Filipinos and assist them in building a better future,” said FWD Philippines president and CEO, Manuel “Jumbing” De Rosas.
At the start of the year, Hong Kong-based firm Pacific Century Premium Developments (PCPD) has renewed its FWD Insurance Services and Products Agreement, ensuring the continuation of insurance services from FWD Life Insurance until 2027.
The previous agreement expired at the end of last year.
According to the agreement, FWD Life Insurance, along with other FWD Group members, has been supplying a range of insurance and related services to PCPD.
The directors of PCPD, including independent non-executive directors (with one director abstaining from the vote), have endorsed the agreement.
They believe the transactions fall within the normal business scope of the group and affirm that the terms were agreed upon at arm’s length and reflect standard commercial conditions.
