Insular Life (InLife), the country’s largest Filipino life insurer, has appointed Efren C. Caringal, Jr. as Chief Operating Officer (COO) with the rank of Sr. Executive Vice President.
As an insurance professional, Efren has handled executive roles in the Middle East, Germany, Ireland and Singapore before coming back to Manila when he was appointed Chief Finance Officer & Treasurer and Chief Investment Officer at a multinational life insurer.
He was a former Regional Risk head of a multinational life insurer in Singapore. Before that, he was Chief Risk Officer in Dublin and Munich, and head of both life products and risk management at a life insurer in Manama in the Gulf region.
“Efren has built a strong life insurance experience gained from both domestic and international life insurance companies. He will work closely with the Board of Trustees and top management in formulating and implementing business strategies,” said Insular Life President & CEO Raoul E. Littaua.
As COO and one of the Group heads, Efren will have oversight on strategy and financial management, insurance operations, actuarial, investment management, real property, information technology including digital transformation, and information security and data privacy.
Efren is a BS Mathematics graduate of the University of the Philippines. He also completed an Actuarial Science Postgraduate Diploma with merit from the University of Leicester in the United Kingdom. He is a fellow of Life Management Institute (LOMA) and Life and Health Claims (ICA), as well as an Associate member of the Actuarial Society of the Philippines (ASP).
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About The Insular Life Assurance Company, Ltd
Insular Life (InLife) is the first, largest, and only mutual Filipino life insurance company in the country with over 110 years of uninterrupted service. We apply over a hundred years of experience in financial protection, risk management, savings, and investment to help you make confident decisions for you and your loved ones.
As a mutual life insurance company, our accountability is to our policyholders. They can be assured of being protected by a company that has an asset base of over P148 billion and net worth of P37 billion. We have a nationwide presence in 57 branches all over the country, and an expanded digital footprint to serve our customers, wherever and whenever they want. Our success is anchored on the growth and security of our partners, policyholders and beneficiaries, because we exist to offer a lifetime for good for everyone. For more information, visit www.insularlife.com.ph.