Sun Life CEO reelected as PLIA president

“I am honored to be given a fresh mandate to continue leading the association. This will allow me to pursue the completion of our ongoing initiatives and creating new ones that will enable our industry to rise above the challenges presented by the prevailing pandemic,” he said.

During his first term, Sison led PLIA in working with the Insurance Commission (IC) to establish regulatory initiatives to allay the adverse impact of the pandemic. Among those implemented were the online product approval process, digitally-enabled selling facility, an online portal for submission of regulatory reports, and relief from the minimum net worth and Risk-Based Capital requirements.

As he assumes his second term, Sison looks forward to working with the other elected members of the 2021 PLIA Board of Directors in further strengthening the life insurance industry.

The new board includes AXA Philippines President and CEO Rahul Hora as Vice President; Country Bankers Insurance Group Senior Vice President and General Manager Geraldine Desiderio-Garcia as Secretary; First Life Financial President and CEO Peter Coyiuto as Treasurer; and Philam Life CEO Kelvin Ang, Beneficial Life President and CEO Jaime Fernandez, Etiqa Philippines President and CEO Rico Bautista, Troo President and CEO Dominik Smeets and Philinterlife President Jose Lee as directors.

“The Board will work closely together in promoting the interests of the industry alongside with those of the insuring public,” he said.