2019 Non-Life Insurance Ranking

October 28, 2019 erwin reyes No Comments »
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Insurance companies in the Philippines are always exerting their best efforts in providing the appropriate and best insurance coverage for their clients. Everyone must always be ready for get themselves ensured since it helps them to significantly lessen their burden in cases of unexpected events such as accidents and loss of properties.

In case you’re planning to invest on a house, a car, or a property that might cost you a lot of money, it is critical that you must also be ready to put in some cash to have them ensured.

So, here at iChoose, we are always honored to provide you the latest data on the leading non-life insurance companies in the country for the year 2019.

Ranking                                Name of Company Gross Premium Written (₱)
1.         Malayan lnsurance Company, lnc. 10,155,299,415
2.         Prudential Guarantee & Assurance, lnc. 9,639,995,944
3.         Pioneer lnsurance & Surety Corporation 9,293,811,025
4.         BPI/MS lnsurance Corporation 5,815,684,492
5.         Charter Ping An lnsurance Corporation 5,671,051,666
6.         FPG lnsurance Company, lnc. (Federal Phoenix) 5,304,459,556
7.         Standard lnsurance Company, lnc. 3,785,702,223
8.         UCPB General lnsurance Company, lnc 2,917,109,354
9.         PNB General lnsurers Company, lnc. 2,532,589,966
10.     AIG Philippines lnsurance Company (Chartis Phils., lnc.) 2,471,992,861
11.     Commonwealth I nsurance Company 2,075,191,582
12.     MAA General Assurance Philippines, lnc. 1,951,285,823
13.     PGA Sompo lnsurance Corporation 1 ,81 1,219,863
14.     Mapfre lnsular lnsurance Corporation 1,701,466,182
15.     lnsurance Company of North America 1,521,890,481
16.     Mercantile lnsurance Company, lnc. 1,455,420,596
17.     Pacific Cross lnsurance, lnc. (Blue Cross) 1,366,803,705
18.     QBE Seaboard lnsurance Philippines, lnc 1,117,996,431
19.     Stronghold lnsurance Company, lnc 1,061,155,038
20.     Oriental Assurance Corporation 1,042,623,118
21.     Alpha lnsurance & Surety Company, lnc 1,019,740,345
22.     Philippine British Assurance Company, lnc 1,006,284,778
23.     Paramount Life & General lnsurance Corporation (non-life unit) 997,109,717
24.     Starr lnternational lnsurance Philippines Branch 914,212,059
25.     Card Pioneer Microinsurance, lnc 846,273,236
26.     People’s General lnsurance Corporation 715,550,950
27.     Asia lnsurance (Philippines) Corporation 714,595,405
28.     Pacific Union lnsurance Company 694,913,704
29.     Fortune General lnsurance Corporation 693,425,543
30.     Western Guaranty Corporation 681,297,061
31.     Alliedbankers lnsurance Corporation 651,184,910
32.     Petrogen lnsurance Corporation 600,820,356
33.     M Pioneer lnsurance, lnc. (Republic Surety) 564,584,386
34.     Corporate Guarantee & lnsurance Company, lnc. 535,908,377
35.     Visayan Surety & lnsurance Corporation 465,257,395
36.     Asia United lnsurance, lnc. 465,249,738
37.     Liberty lnsurance Corporation 454,471,475
38.     Philippines’ First lnsurance Company, lnc. 412,693,939
39.     Cibeles lnsurance Corporation 384,835,503
40.     CLIMBS Life & General lnsurance Coop. (non-life uni 313,801 ,460
41.     Milestone Guaranty & Assurance Corporation 306,033,343
42.     First Nationwide Assurance Corporation 274,029,975
43.     AFP General lnsurance Corporation 274,015,187
44.     Country Bankers lnsurance Corporation 271,390,035
45.     Reliance Surety & lnsurance Company, lnc 262,280,386
46.     Empire lnsurance Company 259,616,006
47.     Perla Cqmpania de Seguros, lnc 247,000,165
48.     New lndia Assurance Company, Ltd. 233,088,291
49.     Bethel General lnsurance & Surety Corporation (BF Gen. lns. Co., lnc.) 183,076,222
50.     Pioneer lntercontinental lnsurance Corporation 172,648,242
51.     Sterling lnsurance Company, lnc 168,341,441
52.     Travellers lnsurance & Surety Corporation 164,798,519
53.     Bankers Assurance Corporation 112,806,006
54.     lntra-Strata Assurance Corporation 79,123,867
55.     1Cooperative System of the Philippines Life & General lnsurance (R & B lns. Corp.) (non-life unit) 60,139,902
56.     Asian Life & GeneralAssurance Corporation (non-life unit) 56,568,239
57.     AA Guaranty Assurance Corporation lnc. (Northwest lns. & Surety) 46,257,428
58.     SGI Philippines Geneqal lnsurance Company, lnc. 40,993,885
SUB-TOTAL 89,037,166,797

 

Professional Reinsurer

Ranking Name of Company Gross Premium Written
1.         National Reinsurance Corporation of the Phils 3,702,425,568
SUB-TOTAL 3,702,425,568

 

Servicing Insurance Companies

Ranking Name of Company Gross Premium Written
1.         Meridian Assurance Corporation 5,304,764
2.         FLT Prime lnsurance Corporation 995,942
SUB-TOTAL 6,300,706

 

GRAND TOTAL: ₱92,745,893,071

Source: Department of Finance INSURANCE COMMISSION

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Author: erwin reyes

Erwin has a combined experience of more than 15 years in the car insurance industry in the Philippines and Australia. Loves cars and enjoys to sourcing out great deals for its clients