JJ Moreno, President of Sun Life of Canada (Philippines), Inc. and incoming CEO and Country Head of Sun Life Philippines, met with Insurance Commissioner Atty. Reynaldo Regalado to discuss their shared priorities aimed at strengthening the country’s insurance landscape.
The discussion highlighted the critical need to elevate financial literacy across all sectors of the Philippine society, and recognized education as a key driver of long-term financial resilience. Both leaders emphasized the role of digital platforms in delivering relevant, accessible, and scalable financial education to Filipinos nationwide.
A key part of the conversation centered on broadening the reach of life insurance, particularly for Overseas Filipino Workers and underserved communities through affordable insurance options. By expanding coverage and awareness, both sides underscored the opportunity to bring essential financial protection products to more households.
Moreno and Commissioner Regalado also exchanged insights on the ongoing industry transition to International Financial Reporting Standard 17 (IFRS 17). They noted the standard’s role in ensuring greater transparency, consistency, and Client trust in the insurance industry.
The meeting additionally tackled the importance of updating the Insurance Code of the Philippines to ensure that regulatory frameworks keep pace with emerging risks and digital innovation.
“We share a firm belief that strengthening the insurance sector begins with empowering Filipinos through accessible financial education, relevant products, and a regulatory environment that supports innovation,” said Moreno. “We look forward to deeper collaboration with Commissioner Regalado and the Insurance Commission as we work towards a more resilient insurance ecosystem in the Philippines.”
The dialogue between Moreno and Commissioner Regalado reflects a unified vision for a more inclusive and modernized insurance industry that equips Filipinos with the tools and knowledge to secure their financial future.
