2016’s Non-Life Insurance Companies Ranking in the Philippines

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2016’s Non-Life Insurance Companies Ranking in the Philippines featured image

Accidents happen everywhere—anytime, to anyone. This is why the insurance industry in the country is one of the richest and most profitable industries. Every individual dreams and plans of having their own car, house, or property. One of the things they need to secure is not only the safety of these material things but its preparedness when disaster strikes.

If you plan on getting a car, a house, or any property that costs a lot of money, it is a good idea to have it insured. The right insurance can do wonders for your property. But of course, not all non-life insurance companies are the same.

It is our practice here in iChoose.ph to provide a list of top non-life insurance companies every year.

 

Name of Company                                                           Gross Premium Written

1. Malayan lnsurance Company, lnc                                              8,713,430,978

2. Prudential Gtee. & Assce., lnc.                                                   7,246,797,934

3. Pioneer lnsurance & Surety Corporation                                 5,623,175,144

4. BPI/MS lnsurance Corporation                                                 7,033,849,190

5. Charter Ping An lns. Corp. (Philippine Charter)                   4,904,238,679

6. FPG lnsurance Co., lnc. (Federal Phoenix)                             4,129,682,973

7. Standard lnsurance Company, lnc.                                           3,214,091,387

8. AIG Phil. lns. Company (Chartis Phils., lnc.)                         2,578,353,413

9. UCPB General lnsurance Company, lnc.                                 2,511,158,028

10. PNB General lnsurers Company, lnc.                                    2,220,386,461

11. MAPFRE lnsular lnsurance Corporation                               2,214,820,736

12. MAA GeneralAssurance Phils., lnc.                                        1,580,744,521

13. lnsurance Company of North America                                  1,494,045,755

14. PGA Sompo lnsurance Corporation                                      1,403,593,309

15. Commonwealth lnsurance Company                                    1,230,943,948

16. QBE Seaboard lnsurance Phils., lnc.                                     1,230,551,667

17. Blue Cross Insurance, lnc.                                                       1,229,253,151

18. Oriental Assurance Corporation                                            1,076,199,261

19. Philippine British Assurance Company. lnc.                         858,891,751

20. Alpha lnsurance & Surety Company, lnc.                             822,389,795

21. Stronghold lnsurance Company, lnc.                                      790,657,911

22. Paramount Life & Gen. lns. Corp. (non-tife unit)               780,640,337

23. Mercantile lnsurance Company, lnc.,                                    701,029,048

24. The Republic Surety & lnsurance Company, lnc.               682,450,673

25. Petrogen lnsurance Corporation                                            607,778,706

26. Fortune General lnsurance Corporation                              606,565,018

27. Asia lnsurance (Phils.) Corporation                                      600,005,550

28. Western Guaranty Corporation                                              572,100,726

29. Premier lnsurance & Surety Corporation                             557,563,589

30. Alliedbankers lnsurance Corporation                                   523,351,295

31. Corporate Guarantee & lnsurance Co., lnc.                         497,588,452

32. CardPioneer Microinsurance, lnc. (Pioneer Asia)              481,331,301

33. Starr lnternational lnsurance Phils. Branch                        449,213,229

34. People’s Gen. lnsurance Corp.                                               409,365,504

35. Cibeles lnsurance Corporation                                               336,494,058

36. Asia United lnsurance, lnc.                                                     334,129,084

37. Philippines’ First lnsurance Co., lnc.                                     317,561 ,863

38. Visayan Surety & lnsurance Corporation                             299,632,687

39. New lndia Assurance Company, Ltd.,                                   294,688,085

40. The Pacific Union Insurance Company                                287,812,233

41. Perla Compania de Seguros, lnc.                                             278,378,771

42. Flf Prime lnsurance Corporation                                            269,064,710

43 Liberty lnsurance Corporation                                                 264,890,895

44. Sterling lnsurance Co., lnc.                                                      252,215,828

45. Plaridel Surety & lnsurance Co.                                               224,912,521

46. Milestone Guarantv & lnsurance                                            220,152,545

47. Empire lnsurance Company                                                     210,554,167

48. First Nationwide Assurance Corporation                             202,397,456

49. The Reliance Surety & lnsurance Company, lnc.                200,092,124

50. Country Bankers lnsurance Corporation                               197,910,726

51. AFP General lnsurance Corporation                                        194,645,587

52. Solid Guaranty, lnc.,                                                                   182,071,807

53. The Pioneer lntercontinental lns. Corporation                     132,956,938

54. Meridian Assurance Corporation                                             130,791,609

55. SGI Phils. Gen. lnsurance Company, lnc. (Monarch)          128,514,780

56. Centennial Guarantee Assce. Corp.                                         108,958,376

57. Metropolitan lnsurance Company                                            99,092,383

58. Bankers Assurance Corporation                                                78,100,893

59. Travellers lnsurance & Surety Corporation                             74,749,867

60. CLIMBS Life & General lns. (non-life unit)                            68,588,933

61. lntra-Strata Assurance Corporation                                          60,786,750

62. lnvestors Assurance Corporation                                              44,670,226

63. Northwest lnsurance & Surety Company, lnc.                        14,473,822

64. Manila Surety & Fidelity Company, lnc.                                   11,553,421

65. BF General lnsurance Company, lnc.                                        10,482,651

66. United lnsurance Company, lnc.                                                 7,322,259

67. R & B lnsurance Corporation                                                       5,637,338

68. Asian Life & Gen. Assce. (non-life unit)                                    3,504,871

69. First lntegrated Bonding & lnsurance Co., lnc                         2,701,750

 

  SUB-TOTAL:                                                                           75,126,731,434

 

Reference: Insurance Commission of the Philippines  

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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