Security Bank wins ‘Highly Commended – Best Bancassurance’ at Retail Banker International Awards

BEST BANCASSURANCE PHOTO 2Retail Banker International Asia Editor Lim Xiou Ann (leftmost) joins representatives from Security Bank and FWD during the 2016 Retail Banker International (RBI) Asia Trailblazer Awards held last March 17 in Singapore: (middle & rightmost) Delbert Ang-It, Security Bank Bancassurance Head and Irene Andas, FWD Chief Partnership Distribution Officer and Bancassurance Head.


Security Bank Corporation (SBC), with FWD Life Philippines (FWD), was recognized with the ‘Highly Commended: Best Bancassurance’ award at the 7th Annual Retail Banker International Asia Trailblazer Summit & Awards 2016 held last March 17 in Singapore.

The ‘Highly Commended: Best Bancassurance’ award is under the Products and Services category, which recognizes the best retail, investment, and commercial product and service offerings of banks across the Asian region as proven by excellent service deliveries aligned to the organization’s vision, tremendous profitability of the business, and market leadership.

Security Bank and FWD signed their bancassurance partnership on September 2014 and officially launched the business in February 2015. The venture achieved its 2015 full-year target in June, just five months after its official launch. At the end of the year, the Security Bank-FWD bancassurance finished with volumes more than three times its 2015 target, with the bank contributing 83% of FWD’s total premiums in its first year in the Philippines.

“Our venture with FWD is in line with our brand and service promise of BetterBanking,” says Security Bank President and CEO Alfonso Salcedo, Jr. “Through the Security Bank-FWD bancassurance, we can provide a wide-range of financial solutions to a significant number of Filipinos who are still uninsured. There is definitely so much room for growth for bancassurance in the country.”

FWD’s life insurance products may be availed at over 260 Security Bank branches nationwide. Financial advisers are on hand to assist customers with their queries and concerns. More bancassurance details can be viewed at