Jakarta – PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) today highlights its results for the second quarter of 2007 at a breakfasting event with the media. “We enjoyed strong growth during the first half of 2007 compared to the same period 2006, led by increases in sales of mutual funds and via our bancassurance channel. We are delighted with the progress our business is making in 2007 - our 22nd year of operations in Indonesia,” said Mr. David Beynon, Manulife Indonesia’s President Director.
Regular premium new business has achieved a year-to-date increase of 51 percent over the first half of 2006. This growth is the result of higher agency and bancassurance sales. Year-to-date sales for single premium business are up 236 percent, following strong sales of Manulife’s mutual fund products and single premium unit-linked insurance.
Mr. Beynon also described how the company’s strategies had led it to win a string of prestigious recognitions in 2007. In June 2007, Manulife Indonesia won Insurance Award 2007 as the Best Life Insurance Company (in the class of companies with equity in excess of IDR 250 billion) fromMedia Asuransimagazine and was also voted a close 2nd in the Top Life Insurance Companies in 2007 by Investormagazine. Then in July 2007, the company’s successes were further underlined by an “Excellent” designation from InfoBank magazine in its 2007 insurance rating.
“We consistently focus on growth by devising strategies that will meet the ever evolving needs of our policyholders and as a result, we are delighted that the market has responded so positively to our new products,” he explained. Also present at the event were Adi Purnomo, Manulife Indonesia’s Senior Executive Vice President and Vice President Director; Nelly Husnayati, Executive Vice President and Chief Agency Officer, and Jeffrey P. Newnam, Executive Vice President and Chief Financial Officer.
On this occasion, with less than a year from the opening of the 2008 Beijing Olympic Games, Manulife Indonesia also reinforced its Olympic –Games-related marketing theme of “Bringing Dreams to Life”. Its core message is that, just as the Olympic Games can make the dreams of nations, sports fans and athletes come true, so the insurer, with its wide range of products designed to bring financial security and peace of mind, can help ordinary people achieve what they most wish for in life.
Nelly Husnayati added, “As the official Worldwide Life-Insurance Partner of the Beijing 2008 Olympic Games, we are committed to promoting the Olympic spirit, which has a great deal in common with our own ongoing commitment to a passion for service, high performance and the consistent pursuit of excellence.”
About Manulife’s role as the Worldwide Life Insurance Partner of the Olympic Games
Manulife Financial is the Official Worldwide Life Insurance Partner of the Olympic Games, supporting the Olympic Movement around the world, including Indonesia. Much like the Olympic Movement, Manulife Financial is dedicated to helping people achieve their dreams. By providing tailored life insurance products and services to its valued customers via its professional agency force, Manulife Financial facilitates the financial means for people to live out their dreams. This business essence is reflected in the company’s Olympic theme for the Beijing 2008 Olympic Games:Bringing Dreams to Life.
About Manulife Financial in Indonesia
Manulife Indonesia offers the most comprehensive products and services in the Indonesian financial services industry through Life Insurance, Employee Benefits and Mutual Fund products. Headquartered in Jakarta, Manulife Indonesia operates through a network of around 100 branch offices in more than 20 cities throughout the country, supported by approximately 5,000 employees and full-time professional agents who serve more than 1,000,000 customers.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$410 billion (US$386 billion) as at June 30, 2007.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
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