21 May 2025 | Makati Diamond Residences
Ladies and gentlemen, esteemed guests, and distinguished colleagues.
Good evening!
It is both an honor and a pleasure to join you tonight in celebrating the 40th Annual Awards Night of Fortune Life Insurance Company. My warmest greetings and heartfelt congratulations to Fortune Life for successfully hosting this prestigious event. This occasion is not only a celebration of achievements but also a reflection of the values and dedication that Fortune Life embodies.
I would also like to extend my sincerest congratulations to Mr. D. Arnold Cabangon President and CEO of Fortune Life. Your leadership and vision have been instrumental in guiding this company to new heights.
Tonight, we gather to honor and recognize the outstanding financial advisors, sales team, and officers for their hard work, resilience, and commitment to excellence. Your efforts contribute to the success of this company and have profoundly impacted the lives of countless individuals and families across the Philippines.
Keep in mind that insurance is not merely a product but a promise of security and peace of mind. In an ever-changing economic landscape, the insurance sector stands as a pillar of financial protection and stability for families and businesses alike. Insurance empowers individuals to secure their future and foster a culture of preparedness and resilience. By providing comprehensive and reliable insurance products, we ensure that families can navigate life’s uncertainties with confidence, knowing they have a safety net in place.
Looking ahead, I could say that the future of the insurance industry is both promising and challenging. Emerging technologies are reshaping our industry, presenting us with opportunities to reach wider audience and educate more individuals about the importance of insurance. By harnessing these technologies, we can tap the uninsured population and close the protection gap, ultimately increasing the insurance penetration rate in our country. However, we must remain vigilant. The rise of technology also brings threats such as online attacks and cybercrime. It is crucial that we implement robust cybersecurity measures to protect sensitive data and prevent fraudulent activities. Our commitment to safeguarding the interests of our clients must remain steadfast as we embrace digital transformation.
On the same note, the Insurance Commission is dedicated to creating an environment where the insurance industry can thrive. We support companies like Fortune Life in upholding high standards of service, integrity, and innovation. Together, we must continue to promote financial literacy and strive to make insurance accessible to all, especially the underserved communities that need our support the most.
To all the awardees, may this recognition serve as a source of inspiration for you to excel further in your profession. Your dedication and passion are vital to the progress of our industry and the well-being of our nation.
Thank you for your unwavering commitment and for being a source of hope for many. Let us continue to work together to elevate our industry and serve our communities with excellence.
Once again, congratulations to Fortune Life Insurance Company and to all our esteemed awardees!
INSURANCE COMMISSIONER REYNALDO REGALADO
