INSULAR Life (InLife) received back-to-back wins for its good corporate governance and employee wellness program from the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards and the 2024 ESGBusiness Awards.
InLife was awarded the Four Golden Arrow Award during the ACGS Golden Arrow Awards ceremony held at the Manila Marriott Hotel. This is the seventh consecutive year that the Awards organizers, the Institute of Corporate Directors, recognized InLife for its good corporate governance. The award, the highest among Philippine-based insurance companies, is based on the 2023 corporate governance assessment results. This means InLife excelled in all ACGS categories: Rights of members, Equitable treatment of members, Role of stakeholders, Disclosure and transparency, and Responsibilities of the Board.
In his acceptance message during the awards ceremony, InLife Vice Chairman of the Board Luis C. la Ò thanked the award organizers for the recognition and shared how the award reflects InLife’s commitment to good governance. “It’s our commitment to transparency, accountability, and fairness. This commitment shaped our reputation and strengthened our relationships with shareholders. Since 2018, ICD’s consistent recognition has bolstered our standing as a trusted institution.”
He also thanked InLife’s senior management and employees for their hard work and active participation, and policyholders for their trust. “You are at the heart of everything we do. Your trust and support drive us to serve you better and build a relationship that supports the Filipino family and community to achieve better financial security. InLife remains steadfast in its belief that good governance fosters stakeholder confidence and financial resilience which in turn drive long-term success.”
Meanwhile, InLife also received two awards in the recently held ESGBusiness Awards 2024 in Singapore.
InLife was given the Good Governance Award – Philippines and Workplace Wellness Programme Award – Philippines during the ceremony that honored companies leading the way towards a sustainable future. These businesses advocate for environmental, social and governance (ESG) practices.
The ESGBusiness Awards recognized InLife for its dedication to corporate governance and strict adherence to sustainable practices in its core operations. It was also recognized for its commitment to prioritizing the diverse needs of its employees through flexible work arrangements, wellness initiatives, and comprehensive health benefits.
