May 11, 2021
Allianz PNB Life confident to sustain growth
Allianz PNB Life, the insurance unit of one of the country’s major commercial banks PNB, is confident it can sustain its growth this year after defying the economic downturn in 2020 with a dramatic 27.5 percent increase in new business annual premium equivalent (NBAPE). Allianz PNB Life CEO Alexander Grenz said its strong performance, the highest since the start of its joint venture with PNB in 2016, makes them optimistic this year.
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