BW IN-DEPTH ON-DEMAND QUARTERLY BANKING REPORT

2020 3rd Quarter Banking Report

The jury is still out on the net impact of the coronavirus disease 2019 (COVID-19) pandemic
on bancassurance firms following a rough year of extended quarantines and economic recession. Still, if there’s a silver lining for these firms, it is that it has led to increased awareness towards insurance products.
“We have received more inquiries on our products than usual this year, which is an indication of increased awareness for insurance protection among the population at
this particular time,” BPI-Philam Life Assurance Corp. Chief Executive Officer Surendra Menon said in an e-mail.

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