EastWest Ageas Insurance

What EastWest Ageas Insurance does

EastWest Ageas Insurance is a Philippine-domiciled insurance provider incorporated as a joint venture between EastWest Bank and Ageas, the Brussels-based international insurance group. The company operates from Fort Bonifacio and distributes life insurance, investment, retirement planning, and risk management products to Filipino consumers, leveraging EastWest Bank's domestic branch network for bancassurance distribution while drawing on Ageas's international insurance expertise for product design and underwriting standards.

The business model is a bancassurance JV: policy distribution flows through EastWest Bank's established customer relationships and physical branch footprint, while Ageas provides the insurance operating capability and brand backing. The customer strategy is horizontal — targeting the broad Filipino consumer base rather than a specialized segment — in a market where only about 28% of Filipinos carry life insurance, making the addressable uninsured population the primary growth lever.

Product portfolio detail, pricing structure, management team, funding history, and financial performance are not disclosed in the available source material. The company has an active website (ewageas.com.ph) and operates with a headcount of 101-250, but no specific products, technology stack, AI/ML applications, or revenue figures are documented in the inputs.

Name

EastWest Ageas Insurance

Legal name

EastWest Ageas Insurance

Website

https://ewageas.com.ph

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

EastWest Ageas Insurance is a Philippine bancassurance joint venture between EastWest Bank and the international insurer Ageas, providing life insurance and financial protection products to Filipino consumers via the bank's branch distribution network.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Finance and Insurance (52)

SIC

Life Insurance (6311)

akta.pro primary industry

Level Term Life Insurance (FSAIAAAA)

akta.pro secondary industries

Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH), Group Term Life Insurance (FSAIAAAJ)

Keywords

• Life insurance products
• Retirement planning services
• Investment and savings plans
• Risk management solutions
• Financial protection coverage

Headquarters

HQ city

Fort Bonifacio

HQ country

Philippines

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Core offering

EastWest Ageas Insurance is a Philippines-based financial firm that provides life insurance coverage, investment products, retirement planning, and risk management solutions to Filipino consumers. The company operates as a joint venture between EastWest Bank and Ageas, leveraging the bank's branch distribution network along with Ageas's international insurance expertise.

Product overview

EastWest Ageas Insurance is a Philippine-based insurance provider. The source data does not provide specific details about individual products, services, or product architecture. The webpage content contains only the company name and logo reference without product portfolio information.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Insurance Coverage Life insurance policies and coverage products providing financial protection to Filipino consumers and their families against the financial impact of death, disability, or critical illness.
• Investment Products Investment-linked products allowing Filipino consumers to grow savings through unit-linked or managed investment vehicles tied to insurance policies.
• Retirement Planning Solutions Retirement and pension planning products designed to help Filipino consumers accumulate funds for post-retirement income and long-term financial security.
• Risk Management Solutions Risk management products and advisory that help Filipino consumers mitigate financial exposure from unforeseen life events such as illness, accident, or loss of income.

Segments1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• EastWest BankcoreStrategic or Co-development PartnerEastWest Ageas Insurance is a joint venture between EastWest Bank and Ageas. EastWest Bank provides the distribution network and customer base through its banking branches, while Ageas contributes insurance expertise and international experience in the insurance industry.

Scale indicators1 record

Recent moves1 record

Expansion highlights3 records

Direct peers

• Manulife Philippines: Manulife Philippines provides life insurance, savings, and retirement products. Comparable as another major international life insurance group operating in the Philippines targeting similar demographics.
• Sun Life Philippines: Sun Life is one of the largest life insurers in the Philippines offering individual life, group life, and investment-linked products. Directly comparable as a major life insurance carrier targeting Filipino consumers.
• AIA Philippines: AIA Philippines is the leading life insurer by premium volume in the Philippines, offering life protection and wealth products. Directly comparable as a major pan-Asian life insurer serving Filipino consumers.
• BDO Life Assurance: BDO Life is the life insurance arm of BDO Unibank, one of the largest Philippine banks. Comparable as a captive insurer leveraging a major Philippine bank's customer base for life insurance distribution.
• Pru Life UK Philippines: Pru Life UK operates as a leading life insurer in the Philippines offering unit-linked, protection, and savings products. Directly comparable given shared mission to expand life insurance penetration in the Filipino market.
• Allianz PNB Life Insurance: Allianz PNB Life is a bancassurance JV between Allianz and Philippine National Bank. Comparable as another international-bank JV in life insurance operating in the same regulatory and competitive Philippine market.
• AXA Philippines: AXA Philippines offers life, health, and investment-linked insurance products through bancassurance and agency channels. Directly comparable as a foreign-affiliated life insurer competing for the same Filipino consumer segments.
• BPI AIA (BPI Philam Life): BPI AIA is a bancassurance joint venture between Bank of the Philippine Islands and AIA. Directly comparable as a bank-insurance JV using a Philippine bank's distribution network — the same model EastWest Ageas employs.
• FWD Life Insurance Philippines: FWD Life is a fast-growing life insurer in the Philippines backed by Pacific Century Group. Comparable as a digitally-focused life insurer targeting younger Filipino consumers with simpler products.

Broad incumbents

• Ageas Insurance International: Ageas is the parent company of EastWest Ageas and a major international insurance group with operations across Europe and Asia. Comparable as the broader incumbent whose expertise and capital back the subject company's JV operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EastWest Ageas Insurance