UMVA has learned that Manulife Philippines has appointed Manish Sangal as its new deputy chief executive officer (CEO), a strategic move that signals the company's ambitious plans for growth and innovation in the Philippine insurance market.
With over a decade of experience in the insurance industry, Sangal brings a proven track record of leadership and strategic vision to his new role. Manulife Philippines President and CEO Rahul Hora praised Sangal's ability to combine strategic clarity with disciplined execution, highlighting his impressive background in agency development, digital transformation, and culture-building leadership.
As deputy CEO, Sangal will work closely with Hora to drive Manulife Philippines' priority transformation and business initiatives, focusing on advancing technology and artificial intelligence (AI) innovation, expanding corporate solutions, and enhancing customer engagement. His appointment is seen as a key move to strengthen the company's competitiveness and create more value for customers and distribution partners.
Sangal expressed his excitement to take on the new role, citing the opportunity to leverage Manulife's 119-year understanding of the Filipino customer and scale the company's agency strength. He aims to bring innovative and market-leading health and life protection solutions to the Philippine market, making decisions easier and lives better for more families.
Prior to joining Manulife Philippines, Sangal served as chief agency officer at Manulife Vietnam for over three years, where he likely developed valuable insights into the regional insurance landscape. His experience and expertise will be crucial in driving Manulife Philippines' growth ambitions and navigating the evolving insurance market.
Manulife Philippines has reported significant financial performance, with premium income standing at P14.39 billion and net income at P1.97 billion, according to recent data. With Sangal at the helm, the company is poised to build on this momentum and solidify its position in the Philippine insurance market.
