Latest news with #JASparktheDream
Associated Press
02-05-2025
- Business
- Associated Press
FWD Group Reports Exceptionally Strong First Quarter New Business Update
HONG KONG - May 2, 2025 ( NEWMEDIAWIRE ) - FWD Group Holdings Limited ('FWD Group' or 'FWD') today announced exceptionally strong first quarter new business highlights for the three months ended 31 March 2025. - New business contractual service margin ('New business CSM') growth of 55 percent year-on-year, to US$465 million. This adds to the company's overall CSM balance, which is released over time to its income statement under IFRS 17. - New business sales ('APE') growth of 46 percent, compared to the same corresponding period last year, to US$679 million. - Extended FWD Group's partnership with JA Worldwide in April for a further three years to help primary school students in Asia develop financial literacy, through the award-winning programme, JA SparktheDream. Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, 'FWD Group had a very strong start to the year, with our customer-led strategy driving some incredible new business results. We continued to respond to rapidly evolving customer needs for protection, health, and savings, with 10 new products introduced in the quarter, including FWD Private's first high-net-worth indexed universal life proposition.' 'FWD Group had a terrific quarter and maintained a strong balance sheet, however, we're keeping a close watch on the volatility in global financial markets and the uncertain global macro-economic outlook. Risk management is always a top priority and FWD Group is taking a prudent approach in preparing for a range of possible scenarios and outcomes,' added Huynh Thanh Phong. The growth in new business indicators was driven by most of the 10 markets FWD operates in. In Hong Kong SAR & Macau SAR, the particularly strong trajectory of growth in new business sales and new business CSM continued, reflecting demand from both local and Mainland Chinese visitor customers. In the Thailand & Cambodia reporting segment, new business indicators were impacted by weaker economic conditions as well as lower interest rates. Double digit growth in new business sales in the company's Emerging Markets segment was broad-based, while Japan posted steady new business indicators. About FWD Group FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. For more information, please visit For media inquiries, please contact: [email protected] Source: FWD Group Holdings Limited ^The unaudited results are for the three months ended 31 March 2025 and are compared to the same period in 2024. Growth rates are represented on a constant exchange rate (CER) basis. New business sales are calculated on an annual premium equivalent (APE) basis, based on 100 percent annual premiums and 10 percent single premiums. New business CSM excludes the impact of one-off reinsurance contracts on in-force business. View the original release on
Associated Press
01-05-2025
- Business
- Associated Press
FWD Group Extends Partnership With JA Worldwide for Its Award-Winning Financial Literacy Programme
HONG KONG - May 01, 2025 ( NEWMEDIAWIRE ) - FWD Group Holdings Limited ('FWD Group' or 'FWD') today announced a three-year extension of its partnership with JA (Junior Achievement) Worldwide - a youth-focused charity and Nobel Peace Prize 2025 nominee - to reach 40,000 more students across Asia by the end of 2027 with its award-winning financial literacy programme. The JA SparktheDream programme gives students aged from nine years old to early teens financial education that's integrated with social and life skills. It does this via a range of engaging learning experiences such as interactive games, digital activities, and classroom sessions supported by FWD volunteers in eight markets across Asia. In the next phase from 2025-2027, the goal is to educate another 40,000 students, engage more parents and teachers, and introduce new programmes to foster mental health resilience skills. Cathy Knezevic, Group Chief Corporate Affairs Officer, FWD Group said, 'Children are the most important asset any community has - they're our inspiration, future leaders and innovators. We know that financial literacy helps people to make better decisions for their future, empowering them to celebrate living. It's also an important enabler for long-term economic and social development in the community. That's why we're delighted to continue our partnership with JA. We want to help more children to gain these skills early in life, to support their well-being later in life.' From 2022-2024, the FWD Group partnership with JA Asia Pacific - the regional operating centre of JA Worldwide - reached more than 37,000 students, exceeding the initial target by 49 per cent. Among participants, 88 per cent gained an understanding of money's role in daily life, while 80 per cent developed a greater awareness of community needs. Over 1,650 students also participated in the JA SparktheDream Social Challenge where they put their new skills and creativity into practice to solve real-world challenges in their communities. Asheesh Advani, Chief Executive Officer, JA Worldwide said, 'Our partnership with FWD has provided tens of thousands of students with access to practical and impactful financial education. As we embark on this next phase, we look forward to deepening our impact and enabling even more young people to become financially capable and socially conscious individuals.' FWD Group co-created the JA SparktheDream programme with JA, successfully piloted it in Hong Kong SAR and Singapore in 2022 and expanded it to eight markets – Hong Kong SAR; Indonesia; Japan; Malaysia; the Philippines; Singapore; Thailand; and Vietnam - in its first three years from 2022-2024. The programme included almost 900 classes, supported by over 800 FWD employee volunteers. JA SparktheDream was recognised with a Silver Award in the 2023 Investor and Financial Education Awards from the Investor and Financial Education Council in Hong Kong SAR; a Bronze Stevie(R) Award at the Asia-Pacific Stevie(R) Awards 2024 for Innovative Achievement in Corporate Social Responsibility in the Philippines; and a Special Mention in the 2024 Bisnis Indonesia Corporate Social Responsibility Awards in Indonesia. About FWD Group FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. For more information, please visit About JA Asia Pacific JA Asia Pacific, a regional operating centre of JA Worldwide, empowers young people with the skillset and mindset to build thriving communities—and to actively shape it. As the voice of a region that holds 60% of the world's youth, JA Asia Pacific delivers real-world learning in work readiness, financial literacy, and entrepreneurship—preparing young people not just for the jobs of tomorrow, but to create them. With a network spanning 17 countries and territories, we connect students to the global economy through hands-on experiences that spark innovation, grow resilience, and build purpose-driven leadership. Backed by over a century of global impact, JA is building the future of work, one young person at a time. To learn more, visit or follow on social media @JAAsiaPacific About JA Worldwide As one of the world's largest and most-impactful youth-serving NGOs, JA Worldwide provides hands on, immersive learning in entrepreneurship, work readiness, and financial health. By partnering with 700,000+ business volunteers and teachers in 118 countries, JA Worldwide delivers more than 19 million student experiences each year - leveraging our scale, expertise, and passion to build a boundless future for the next generation. Visit For media inquiries, please contact: [email protected] Source: FWD Group Holdings Limited
Yahoo
01-05-2025
- Business
- Yahoo
FWD Group Extends Partnership With JA Worldwide for Its Award-Winning Financial Literacy Programme
HONG KONG - May 01, 2025 (NEWMEDIAWIRE) - FWD Group Holdings Limited ("FWD Group" or "FWD") today announced a three-year extension of its partnership with JA (Junior Achievement) Worldwide - a youth-focused charity and Nobel Peace Prize 2025 nominee - to reach 40,000 more students across Asia by the end of 2027 with its award-winning financial literacy programme. The JA SparktheDream programme gives students aged from nine years old to early teens financial education that's integrated with social and life skills. It does this via a range of engaging learning experiences such as interactive games, digital activities, and classroom sessions supported by FWD volunteers in eight markets across Asia. In the next phase from 2025-2027, the goal is to educate another 40,000 students, engage more parents and teachers, and introduce new programmes to foster mental health resilience skills. Cathy Knezevic, Group Chief Corporate Affairs Officer, FWD Group said, "Children are the most important asset any community has - they're our inspiration, future leaders and innovators. We know that financial literacy helps people to make better decisions for their future, empowering them to celebrate living. It's also an important enabler for long-term economic and social development in the community. That's why we're delighted to continue our partnership with JA. We want to help more children to gain these skills early in life, to support their well-being later in life." From 2022-2024, the FWD Group partnership with JA Asia Pacific - the regional operating centre of JA Worldwide - reached more than 37,000 students, exceeding the initial target by 49 per cent. Among participants, 88 per cent gained an understanding of money's role in daily life, while 80 per cent developed a greater awareness of community needs. Over 1,650 students also participated in the JA SparktheDream Social Challenge where they put their new skills and creativity into practice to solve real-world challenges in their communities. Asheesh Advani, Chief Executive Officer, JA Worldwide said, "Our partnership with FWD has provided tens of thousands of students with access to practical and impactful financial education. As we embark on this next phase, we look forward to deepening our impact and enabling even more young people to become financially capable and socially conscious individuals." FWD Group co-created the JA SparktheDream programme with JA, successfully piloted it in Hong Kong SAR and Singapore in 2022 and expanded it to eight markets Hong Kong SAR; Indonesia; Japan; Malaysia; the Philippines; Singapore; Thailand; and Vietnam - in its first three years from 2022-2024. The programme included almost 900 classes, supported by over 800 FWD employee volunteers. JA SparktheDream was recognised with a Silver Award in the 2023 Investor and Financial Education Awards from the Investor and Financial Education Council in Hong Kong SAR; a Bronze Stevie(R) Award at the Asia-Pacific Stevie(R) Awards 2024 for Innovative Achievement in Corporate Social Responsibility in the Philippines; and a Special Mention in the 2024 Bisnis Indonesia Corporate Social Responsibility Awards in Indonesia. About FWD Group FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. For more information, please visit About JA Asia Pacific JA Asia Pacific, a regional operating centre of JA Worldwide, empowers young people with the skillset and mindset to build thriving communitiesand to actively shape it. As the voice of a region that holds 60% of the world's youth, JA Asia Pacific delivers real-world learning in work readiness, financial literacy, and entrepreneurshippreparing young people not just for the jobs of tomorrow, but to create them. With a network spanning 17 countries and territories, we connect students to the global economy through hands-on experiences that spark innovation, grow resilience, and build purpose-driven leadership. Backed by over a century of global impact, JA is building the future of work, one young person at a time. To learn more, visit or follow on social media @JAAsiaPacific About JA Worldwide As one of the world's largest and most-impactful youth-serving NGOs, JA Worldwide provides hands on, immersive learning in entrepreneurship, work readiness, and financial health. By partnering with 700,000+ business volunteers and teachers in 118 countries, JA Worldwide delivers more than 19 million student experiences each year - leveraging our scale, expertise, and passion to build a boundless future for the next generation. Visit For media inquiries, please contact: groupcommunications@ FWD Group Holdings Limited
