HONG KONG--(BUSINESS WIRE)--MetLife Hong Kong*, a wholly-owned subsidiary of MetLife, Inc., the #1 U.S. life insurer**, announced today it is on track to exceed its agent hiring target of 1,000 agents by 2016 and 1,500 by 2017, on the back of rapid business growth.
MetLife Hong Kong’s new agency force has become one of the top insurers based on case-per-agent and annual premium equivalent per agent, as of the most recent quarterly statistics^. This development is a sign of the highly efficient and productive nature of MetLife Hong Kong’s agent workforce and the company’s long runway for growth. One of MetLife Hong Kong’s key 2016 strategic pillars is to build on last year's agent recruitment success and continue to expand its business in Hong Kong.
“MetLife Hong Kong provides a fantastic platform with a comprehensive and competitive product portfolio for our agents. Our dynamic corporate culture is a key draw for top-performing agency talent. This has been evident in our innovative recruitment initiatives like Go Goal Life, the breadth of best-in-class products, as well as the strong training and support they receive to help them build their careers. Our agents choose MetLife Hong Kong because we are able to help them unleash their full potential and fulfill their personal and professional goals,” said Ms. Eva Wong, Head of Agency at MetLife Hong Kong.
MetLife Hong Kong’s skilled pool of agents is best personified by its top producer, Ms. Katy Wong, Division Director, who has achieved the illustrious Court of the Table (“COT”) recognition in less than five months after joining the company. “MetLife Hong Kong’s stellar brand recognition, sincere management, robust product portfolio and commitment to customer service excellence create an environment conducive for success,” said Ms. Katy Wong. “The great culture and support here allows me to thrive on my own terms, which enhances my personal happiness and, therefore, my customers’ satisfaction.”
In 2015, MetLife Hong Kong achieved an 18% year-over-year business growth^^, with the value of new business margins doubling^^. MetLife Hong Kong also witnessed many important milestones including receiving an A+ credit rating from Standard & Poor’s# and winning 22 industry and marketing awards including Company of the Year (Insurance) at the BENCHMARK Wealth Management Awards 2015.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world##. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information about MetLife Hong Kong, visit www.metlife.com.hk.
* MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited (collectively “MetLife Hong Kong”) are wholly-owned subsidiaries of MetLife, Inc. in Hong Kong and private companies limited by shares incorporated and registered under the applicable laws in Hong Kong. Both MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited are authorized insurers carrying long term business in Hong Kong.
** Axco Global Statistics 2014
^ Based on the most recent market research and Hong Kong Insurance Business Statistics (Q3 2015).
^^ Year-over-year growth as of December 31, 2015.
# As of January 20, 2016.
## Based on non-banking assets according to A.M. Best research 2012 data, Best’s Review July 2014.