CORPORATE EXCELLENCE CATEGORY
Farglory Life Insurance Co., Ltd.
Financial Services Industry
www.fglife.com.tw
Information about the Company
Established in 1993, Farglory Life Insurance Co. Ltd. is the life insurance arm of the Farglory Group and is committed to the development of Taiwan’s life insurance market. In Taiwan, one out of every 10 policy holders are insured by Farglory Life. From its establishment, Farglory Life’s brand vision is to provide protection to over 2.3 million families in Taiwan. It holds on to the belief of “popularisation of capital and transparency of operation”, and is the only life insurance company in Taiwan established through a public stock offering.Corporate Culture & Company Activities
Through diversified marketing channels, including traditional agencies, group insurance, brokers and online insurance platforms, Farglory Life provides professional policy plans and consultancy offline and online. Farglory Life has been focussing on innovation for medical insurance and life insurance plans. It aims to be the most trust-worthy insurance company in Taiwan by offering added value services and products, more humane products and a diversified range of quality services.Farglory Life’s corporate social responsibility activities involve environmental sustainability and caring for the society and include events such as health advocacy, caring for rural residents, youth training and family care. All employees are encouraged to be involved in these activities.
Dream Bigger. Do Together.
Achievements and Impact
Farglory Life’s business has been increasing with over 6,000 employees, more than 7 million effective policies with assets over NT$600 billion. The Company received twA+ rating of Taiwan Ratings for 5 consecutive years and EPS2.61 with a net profit of NT$3.2 billion after tax in 2020.Farglory Life has been actively pursuing insurance professionals for many years through various recruitment channels to get the best new talents and strengthen the business team. The Company uses convenience and speed of digital technology to promote mobile insurance applications and online settlements of claims. Multiple channels have been set up to meet customer satisfaction and to garner feedbacks.
Future Direction
In 2021, Farglory Life adopted a new corporate identity that reflects the corporate business philosophy of Dream bigger, Do it together which emphasises close collaborations with the market, consumers, partners, suppliers and investors. It also reflects the Company’s support of insurance and social security through simplicity, innovation of digitalisation and competitive youthoriented business strategies. Farglory Life remains devoted to the concept of fair treatment for customers, attending to the needs of customers wholeheartedly and providing each policy holder with a safe and secured life.COMPANY MILESTONES
