New York Life Insurance Taiwan Corp (國際紐約人壽) will increase its number of sales agents from 400 to 3,000 in five years, newly promoted president and chief executive officer Danny Lam (林順財) said yesterday.
“We look at our sales agents as the foundation of our competitive edge,” despite 50 percent of the insurer’s policies being sold via outlets of its partner banks, Lam told a media briefing.
Lam said he would follow a “back to basics” strategy in promoting sales of protection-based policies rather than investment-linked policies via its sales agents.
The life insurer plans to set up seven “super agencies” nationwide by the end of next year to better serve its policyholders, he said.
There is also great potential in the local protection policy market, as local policyholders are highly under-protected, Lam said.
Company chief marketing officer Johnny Wong (黃振國) said domestic policyholders averaged benefits of NT$690,000 (US$21,500) from protection policies, down from NT$900,000 in previous years, although clients had an average of two insurance policies each.
Lam said he also planned to double the insurer’s number of telemarketing staff to 400.
After reporting annual growth of 19 percent in premium income in the first 10 months of this year, Lam said he was confident of meeting the company’s annual sales goal of 20 percent to 30 percent growth in the next few years.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new