Insular Life (InLife) has named Noemi G. Azura as trustee.
In a statement, InLife announced on Friday, May 13, that Azura was elected by the Board of Trustees, replacing Gil B. Genio who resigned recently.
Azura is InLife’s senior executive vice president as well as president and chief executive officer of Insular Health Care (IHC), the HMO subsidiary of InLife.
Moreover, She is concurrently InLife’s corporate solutions and digital insurance head.
Under Azura’s leadership, IHC attained positive business results, hitting its five-year cumulative net income target within three years.
In 2021, IHC also breached the P1 billion mark in terms of membership fees which was 37 percent more than the previous year’s results.
From 2018 to 2021, IHC’s total revenue also grew at a compounded annual growth rate (CAGR) of 35 percent, significantly above HMO industry revenue of six percent during the same period.
"This sustained performance is a result of the transformation initiatives, including a mass adoption of digital technology, undertaken under Azura’s leadership,” InLife said.
Azura’s leadership acumen is honed by over 30 years of experience in consumer banking and health insurance from local and global companies.
Her expertise are in the areas of business transformation, innovation and strategy, sales and distribution as well as audit and compliance. Azura joined InLife in 2017 as chief strategy Officer.
“We are excited to have Noemi in the InLife Board as an Executive Trustee. Her breadth of experience and unique perspective as a global Filipina leader will help us accelerate the growth trajectory of InLife,” said InLife Executive Chairperson Nina Aguas.
“We would like to thank Gil Genio for sharing his time and expertise to the Board during the four years that he was a Trustee,” Aguas added.
Azura, previously held leadership roles at Citibank, American Express and Australia New Zealand Bank, including an international assignment at ANZ Melbourne.
Among her accolades are the 2018 UP Virata School of Business Distinguished Alumna Awardee, and Icons of Healthcare Singapore Award for Female Healthcare Professional of the Year 2016, awarded by BERG Singapore in recognition of providing new age digital healthcare access to Filipino citizens.
She completed her Bachelor of Science Major in Accounting from the De La Salle University and Master of Business Administration at the University of the Philippines – Diliman. She is a Certified Public Accountant.