Leading life insurer Pru Life UK was bestowed four Golden Arrows by the Institute of Corporate Directors (ICD), marking another milestone in the company’s history of good performance on the ASEAN Corporate Governance Scorecard (ACGS).
“In a step-up from the three Golden Arrows we were presented in 2018, we are very honored to receive these four prestigious awards. These distinctions serve as testimony to our unwavering effort and deep commitment to tirelessly keep elevating and strengthening our standards for all our stakeholders as we endeavor to help Filipinos get the most out of their lives,” shared Pru Life UK President and CEO Antonio De Rosas.
For four consecutive years, Pru Life UK has consistently ranked first among Insurance Commission (IC)-regulated companies based on the overall governance scores determined by the ICD.
The ICD implemented the ACGS to raise corporate governance standards and practices and showcase well-governed ASEAN publicly listed companies. The assessment is based on publicly available information and benchmarked against international best practices to encourage listed companies to go beyond local regulatory requirements.
The ACGS was adopted by the Philippine insurance industry to enhance its competitiveness, improve public perception, and increase its penetration rate. The IC prescribed the assessment, enjoining participating companies to publicly disclose the necessary information and supporting documents on their company websites.
Pru Life UK Board of Director Imelda “Ida” C. Tiongson (top right) is joined by Pru Life UK Senior Vice President and Chief Legal and Government Relations Officer Atty. Ma. Emeren V. Vallente (lower right) as they receive the four Golden Arrow recognitions during the virtual ceremony of the 2019 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards.
About Pru Life UK
Established in 1996, Pru Life UK is the pioneer of insuravest, or investment-linked life insurance products, in the Philippines and is one of the first life insurance companies approved to distribute US dollar-denominated investment-linked life insurance policies in the country. Since its establishment, Pru Life UK has expanded its reach to over 190 branches in the Philippines, with the biggest life agency force of more than 35,000 licensed agents.
The company ranked first (1st) among the country’s life insurers based on the Insurance Commission’s Q2 2020 rankings in terms of new business annual premium equivalent. Pru Life UK is headquartered in Uptown Bonifacio, Taguig City.
Pru Life UK and Prudential plc are not affiliated with Prudential Financial, Inc. of the United States, Prudential Assurance Company (a subsidiary of M&G plc, a company incorporated in the United Kingdom), Philippine Prudential Life Insurance Company, Prudentialife Plans, Inc. or Prudential Guarantee and Assurance, Inc. (all Philippine-registered companies). Pru Life UK is a life insurance company and is not engaged in the business of selling pre-need plans.
For more information: www.prulifeuk.com.ph
