THE MANUFACTURERS LIFE Insurance Co. (Phils.), Inc. (Manulife Philippines) has appointed Sailesh Nalinakshan as its new chief agency officer (CAO) and Grace M. Mallabo as its chief health and product officer (CHPO), it said on Monday.

As CAO, Mr. Nalinakshan will take on an expanded role coming from his previous position as head of Agency Transformation and Strategy, where he was responsible for the company’s new agency operating model.

He will continue to be in charge of strategy, with a focus on digitalization, sales and productivity, talent recruitment and development, training and data analytics-based planning and decision making.

“As depth, expansion, and quality continue to be key enablers for our bigger and bolder growth ambitions, his strategic vision and leadership will play a pivotal role in strengthening our agency distribution channels and driving our growth trajectory for years ahead,” Manulife President and Chief Executive Officer Rahul Hora said in a statement.

Meanwhile, Ms. Mallabo will head the company’s health strategy, product development and management, and in-force management as they seek to help meet the growing demand for life insurance products among Filipinos.

Ms. Mallabo has almost two decades of professional experience in the insurance industry, including strategy, product management, and health business leadership.

“Grace’s leadership will be crucial in driving Manulife Philippines’ goals to bridge the country’s protection gap. Given her vast experience developing innovative life and health solutions that can help enrich people’s lives, we are excited to welcome her to our growing winning team as we deliver on our goals for our customers and the communities we serve,” Mr. Hora added.

Manulife Philippines’ premium income stood at P4.07 billion in the first quarter. It posted a net profit of P409.64 million in the same period. — AMCS

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