PJ Lhuillier Group of Companies - Executive of the Year - Insurance
Company: PJ Lhuillier Group of Companies, Makati City, Philippines
Company Description: Established in 1988, the PJ Lhuillier Group of Companies is a dynamic, multi-industry company that owns and operates businesses dealing with financial services such as pawning, remittance, microinsurance, and business to business micro loan solutions. We are the proud parent company of Cebuana Lhuillier, the Philippines’ leading and largest non-bank financial services provider.
Nomination Category: Management Categories
Nomination Sub Category: Executive of the Year - Insurance
Nomination Title: Jean Henri Lhuillier, President and CEO
Tell the story about what this nominated executive has achieved since 1 January 2016 (up to 650 words). Describe the impact he or she has had on your organization. Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.
The year 2016 was yet another big year for the Cebuana Lhuillier microinsurance. Jean Henri Lhuillier, the company’s President and CEO, led trailblazing initiatives in the microinsurance industry in the country and initiated a number of pioneering products and improvement in services this year for the Filipinos.
As a microfinancial company based in the Philippines, Mr. Lhuillier thought of a way to market its microinsurance products better but at the same time promote social good.
With the recent social concern about disaster preparedness and resilience in the country,heidentified microinsurance among its existing products as an effective tool that is yet to be maximized in addressing this problem. Because of its simplicity and affordability, microinsurance is deemed to be the best tool that could provide necessary assistance for the poor to rise-up or rebuild their lives post disasters. Thus, with his leadership, Cebuana Lhuillier works towards increasing the number of micro insurance coverage among Filipinos, in order to help them prepare against disasters.
To successfully carry out this mission, a nationwide awareness campaign was a started. The campaign kicked off with a forum that aimed to emphasize the importance of preparedness and front microinsurance as the best way on how Filipinos can rebuild their lives after calamities.
Mr. Lhuillier then spearheaded the cascade of the learnings from the forum to the rest of the Philippines through a series of road shows for the discussion to reach far-flung communities.
He also led the creation of a new insurance product was also created to serve as the official insurance product of the campaign. Called Alagang Cebuana Plus (ACP) Gold, it features micro-life, accidental death, dismemberment and disability, fire cash assistance, and unprovoked murder and assault coverage.
Known as a tech-savvy CEO, Mr. Lhuillier also pushed for the creation of a mobile app that will serve as a platform that will provide disaster-related information readily available anytime, anywhere. It also informs the users about Cebuana Lhuillier’s various insurance products and services which they can also purchase immediately online through the app.
He also led the formation of the Microinsurance Agents Association of the Philippines (MIAAP)—an organization founded to promote the interest and welfare of microinsurance agents nationwide.
Furthermore, Mr. Lhuillier initiated yet another trailblazing program, the Claims Rapid Action in a Disaster-Stricken Area Operations (RAPIDO), which allows microinsurance clients to process and receive their claims immediately through a group of Cebuana Lhuillier agents who put up a microinsurance booth in the place where a disaster had just happened or is happening.
His leadership is also pivotal for the launch of the National Pilipino Protektado Day (NPPD) project which provided free microinsurance policies to one million Filipinos. For one month, Cebuana Lhuillier tapped various institutions nationwide that cater to the most vulnerable individuals and communities and started NPPD pocket events at various locations to give out free microinsurance coverage. The recipients included 4Ps beneficiaries, emergency first responders, persons with disabilities, elderly people, public school teachers and non-teaching staff, farmers, fishermen, TODA members, drivers of public utility vehicles, public high school students, residents of flood-prone barangays and typhoon-stricken areas.
Due to his eagerness and active participation, Cebuana Lhuillier has generated 168 media pickups with a total of PHP 51,093,354.00 worth of media values earned in 2015.
The Philippine Insurance Commission has also commended his and Cebuana Lhuillier’s efforts and contribution in pushing for microinsurance as a tool for disaster resilience.
Through the NPPD project, additional one million Filipinos were insured—a significant contribution to the government’s goal of insuring 50% of Filipino in 2020.
Within 2016, eight Claims RAPIDO activities were also rolled out throughout the country and instantly processed the claims of 20 ACP beneficiaries.
Moreover, the CebuanaAlerto App has gained 1,840 active users since its launch.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this nominated executive since the beginning of 2016.
-Mr. Lhuillier’s microinsurance promotion efforts have generated 168 media pickups with a total of PHP 51,093,354.00 worth of media values earned.
-The Philippine Insurance Commission has commended his and Cebuana Lhuillier’s efforts and contribution in pushing for microinsurance as a tool for disaster resilience.
-Through the National Pilipino Protektado Day project he has initiated, additional one million Filipinos were insured—a significant contribution to the government’s goal of insuring 50% of Filipino in 2020.
-Through his active involvement and participation, Cebuana Lhuillier was able to hold eight Claims RAPIDO activities throughout the country and instantly processed the claims of 20 ACP beneficiaries in 2016.
-Mr. Lhuillier’s enthusiasm for microinsurance has also resulted to CebuanaAlerto App’s 1,840 active users gain.