The Market Monitor Minding the Nation's Business
FWD Life Insurance Philippines President and Chief Executive Officer Peter Grimes was lauded as an “Outstanding Leader in Asia” by the Asia Corporate Excellence and Sustainability (ACES) Awards. At the awarding ceremonies held on October 26, 2017 at InterContinental Hotel, Singapore, Peter received the honor alongside five other CEOs from across Asia. He was given the award for demonstrating sound leadership and successfully applying it to spearhead growth and prominence for FWD.
“I share this honor with all the committed and passionate FWD Philippines team, whom we call FWD warriors. This award is a testament to the progress we’ve collectively made as a fresh, innovative, and forward-looking insurance company in the country,” said Grimes.
“I’d like to extend my sincere appreciation to the ACES Awards and the jury for recognizing what we have achieved at FWD. As we continue to work towards our vision of changing how Filipinos feel about insurance, it’s truly rewarding to be awarded as we journey toward our vision,” he added.
According to the official awards program, the “Outstanding Leaders in Asia” were honored for exhibiting the ideal blend of business acumen, professionalism, entrepreneurial caliber, and astuteness.
Grimes, who joined from the pan-Asian insurer’s Group Office to be charged with the Philippines’ start-up operations in 2014, has led the company to exceptional growth to become one of the country’s fastest-growing insurance companies—rising from a market ranking of 29th in 2014 to 12the by the end of last year, based on total premium income. The company’s growth story is attributed to FWD’s focus on leveraging technology, product innovation, and creating an outstanding customer experience, alongside its clear vision to change the way people feel about insurance.
His leadership has also been instrumental in the innovative culture of the business. In 2016, FWD launched Peace Plan, the first-of-its-kind insurance plan which offers guaranteed financial protection against acts of terrorism anywhere in the world. FWD’s Peace Plan was recognized at the 2nd Asian Banking & Finance (ABF) Insurance Asia Awards as New Insurance Product of the Year – Philippines. For two consecutive years in 2016 and 2017, FWD Philippines was also awarded as one of “Asia’s Best Employer Brands” by the Employer Branding Institute. RIZA LOZADA