Marking its 20th anniversary, ING Life Taiwan (安泰人壽) yesterday said that its first-year premium income reached NT$29.6 billion (US$920 million) last year, or 65 percent growth from one year earlier.
The life insurer's premium income climbed 16.5 percent to NT$136.1 billion from its 2.5 million policyholders, ING Life CEO John Wylie said at the company's year-end party.
Wylie said the company vowed to deliver another 12.5 percent growth to NT$33.3 billion in total premium this year.
The company also expects its growth in sales through the bancassurance channel to more than double this year after bancassurance businesses logged a 189 percent growth last year, he said.
He said the insurer's success lies in its talented staff, with the performance of some 8,800 Taiwanese salespersons topping their peers around the world.
The average productivity of a ING Life salesperson in Taiwan grew by 33 percent, with each seeing an average 28 percent growth in the number of policies sold, the firm's statistics showed.
The life insurer expects the annual income of its salespeople to be three times the nation's per capita GDP by 2010.
Wylie also said that the life insurer plans to recruit another 2,400 employees this year while vowing to invest another NT$100 million over the next three years in the introduction of a customer-oriented selling system to even further the professionalism of its employees.
More than 2,000 employees attended the life insurer's year-end party yesterday and received prizes worth NT$8 million in total, the company said.
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