Trade & Travel Journal | Insular Life elects new Executive Trustee | The Board of Trustees of Insular Life (InLife) has elected InLife’s Senior Executive Vice President Noemi G. Azura to the Board, to replace Trustee Gil B. Genio who resigned recently.
Azura is the President and Chief Executive Officer of Insular Health Care (IHC), the HMO subsidiary of InLife, and concurrently InLife’s Corporate Solutions and Digital Insurance Head.
Under Azura’s leadership, IHC attained impressive business results, hitting its 5-year cumulative net income target within three years. In 2021, it breached the P1 B mark in terms of membership fees which was 37% more than the previous year’s results.
From 2018 to 2021, IHC’s total revenue grew at a compounded annual growth rate or CAGR of 35%, significantly above HMO industry revenue CAGR of 6% for the same period. This sustained performance is a result of the transformation initiatives, including a mass adoption of digital technology, undertaken under Azura’s leadership.
Azura’s leadership acumen is honed by over 30 years of experience in consumer banking and health insurance from local and global companies. Her expertise are in the areas of business transformation, innovation and strategy, sales and distribution as well as audit and compliance. Azura joined InLife in 2017 as Chief Strategy Officer.
“We are excited to have Noemi in the InLife Board as an Executive Trustee. Her breadth of experience and unique perspective as a global Filipina leader will help us accelerate the growth trajectory of InLife,” said InLife Executive Chairperson Nina Aguas.
“We would like to thank Gil Genio for sharing his time and expertise to the Board during the four years that he was a Trustee,” Aguas added.
Azura, previously held leadership roles at Citibank, American Express and Australia New Zealand Bank, including an international assignment at ANZ Melbourne.
Among her accolades are the 2018 UP Virata School of Business Distinguished Alumna Awardee, and Icons of Healthcare Singapore Award for Female Healthcare Professional of the Year 2016, awarded by BERG Singapore in recognition of providing new age digital healthcare access to Filipino citizens.
She completed her Bachelor of Science Major in Accounting from the De La Salle University and Master of Business Administration at the University of the Philippines – Diliman. She is a Certified Public Accountant.
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 111 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 53 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.