“Hong Kong is a very important market to MetLife in Asia, and we see tremendous opportunity for further expansion thanks to our successful business strategy,” said Nirmala Menon, executive vice president & head of designated markets and health at MetLife Asia.
The company is focused on consolidating its overall position in Hong Kong and continuing to push into the local and regional high net worth market segments, head of strategic partnership distribution, Bobby Ying, explained.
Citing figures from Hong Kong’s Office of the Commissioner of Insurance (OCI), the wholly owned subsidiary of US insurer MetLife stated that, in terms of annual premium equivalent (APE), it is currently the eighth largest insurer in Hong Kong.
Eva Wong, chief agency officer of MetLife Hong Kong, said: “We are steadily progressing to achieve our 2016 agency recruitment target, and have already set aggressive plans to double the growth of our agency force to 2,000 in the near future.”
