Two of Manulife Financial’s subsidiaries in Asia have been recognized for excellence in business and customer service in recent weeks.

In Hong Kong, Manulife (International) Limited received the Business Excellence Award from the Canadian Chamber of Commerce in Hong Kong at its 2001 Business Awards. The award recognizes a Canadian company, or company that has an association to Canada which has shown business excellence through consistently high performance in Greater China.

“Each of the 12 nominees considered for the award were evaluated for consistent excellence in business performance, with specific emphasis on their corporate achievement, business growth, leadership and innovation, their contribution to the development of commercial relations between Canada and
Greater China, and their role as good corporate citizens,” says Judy Love Eastham, Business Excellence Committee Chair of the Canadian Chamber of Commerce in Hong Kong. “Manulife stood out in all of these areas as a worthy recipient of the Business Excellence Award.”

Manulife’s Indonesian subsidiary, PT Asuransi Jiwa Manulife Indonesia, won the title of best life insurance company in Indonesia in an annual insurance company rating competition organized by one of the country’s most respected business magazines.

The competition, held annually by InfoBank, a monthly analytical banking and financial magazine, is recognized as the most independent analysis of the relative strengths of Indonesia’s insurance companies. The first prize awarded to Manulife Indonesia recognizes the outstanding financial strength Manulife Indonesia has acquired over the past three years. The InfoBank rating criteria is based on the gross premium growth of the company, its capital growth, liabilities, overall investment and active fixed assets, as well as the company’s net investment revenue and profitability before tax. Out of 53 life insurance companies assessed, Manulife Indonesia placed first with an overall ‘excellent’ rating.