2019 Ranking Non-Life lnsurance Companies Based on Gross Premiums Written

December 21, 2020 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 to 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 in 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 Insurance Company, Inc.

12,249,638.932

2. 

Prudential Guarantee & Assurance, Inc.

10,111 ,240,968

3. 

Pioneer Insurance & Surety Corp.

10,082,430,914

4.

BPI/MS Insurance Corp.

6,117,327,029

5.

Charter Ping An Insurance Corp.

5,438,360,381

6.

FPG Insurance Co., Inc.

5,109,181,783

7.

            Pacific Cross Insurance Inc. (Blue Cross Insurance, Inc.)

5,023,188,523

8.

Standard Insurance Company, Inc

3,981,245,757

9.

  UCPB General Insurance Company, Inc.

3,424,789,589

10.

PNB General Insurers Company, Inc.

2,930,239.120

11.

Commonwealth Insurance Company

2,641.103.974

12.

MAA General Assurance Phils., Inc

2,193.272,706

13.

 AIG Philippines Insurance Inc.

2,134,600,613

14.

PGA Sompo Insurance Corp.

2,007,295.245

15.

Mercantile Insurance Company, Inc.

1 ,968,485,114

16.

Insurance Company of North America

1 ,800,019,150

17.

Mapfre Insular Insurance Corp.

1,579,427,893

18.

 Paramount Life & General Insurance Corp. (non-life unit)

1,394,804,825

19.

Philippine British Assurance Company, Inc.

1,293,909,776

20.

Stronghold Insurance Company, Inc.

1,283,110,665

21.

Starr International Insurance Philippines Branch

1,186,216,949

22.

Alpha Insurance & Surety Company, Inc.

1,134,519,990

23.

Card Pioneer Microinsurance, Inc.

1,026.654,788

24.

Western Guaranty Corp.

980,787,940

25.

 Asia Insurance (Philippines) Corp.

922,971,727

26.

 Oriental Assurance Corp.

920,998,921

27.

 People’s General Insurance Corp

894,913,382

28.

Alliedbankers Insurance Corp

807,618,219

29.

 Pacific Union Insurance Company

802,594,114

30.

 M Pioneer Insurance Inc.

773,294,803

31.

 Fortune General Insurance Corp

724,903,012

32.

Petrogen Insurance Corp

724,872,971

33.

 Visayan Surety & Insurance Corp.

581,721,709

34.

Corporate Guarantee & Insurance Company, Inc.

557,440,332

35.

Liberty Insurance Corp

525,410,929

36.

Asia United Insurance, Inc.

516,271,878

37.

Milestone Guaranty & Assurance Corp

479,086,326

38.

Philippines First Insurance Company, Inc.

462,410,685

39.

 Cibeles Insurance Corp

415,715,784

40.

. CLIMBS Life & General Insurance Coop.(non-life unit)

346,321,445

41.

Sterling Insurance Company, Inc.

322,172,981

42.

QBE Seaboard Insurance Philippines, Inc.

314,502,608

43.

 Empire Insurance Company

293,631,438

44.

Country Bankers Insurance Corp.

283,789,883

45.

Bethel General Insurance & Surety Corporation (BF Gen Ins. & Surety)

265,800,172

46.

New India Assurance Company, Ltd., The

257,084,236

47.

Pioneer Intercontinental Insurance Corp.

256,446,340

48.

Perla Compañia de Seguros, lnc

247,200,526

49.

Reliance Surety & Insurance Company, lnc.

211,688,968

50.

 Travellers Insurance & Surety Corp.

120,071,484

51.

 Etiqa Life and General Assurance Phils., lnc. (formerly AsianLife & Gen.)

101,215,817

52.

Intra-Strata Assurance Corp.

94,868,795

53.

ICISP Life and General Insurance (non-life unit)

92,561,492

54.

  SGI Philippines General Insurance Company, Inc.

49,201,O78

55.

 Premier Insurance & Surety Corporation

33,817,898

56. 

 Metropolitan Insurance Company, Inc.

22,616,765

57.

AA Guaranty Assurance Corp. Inc. (Northwest Ins. & Surety)

2,245,659

SUB-TOTAL

100,517,315,001
 

 

 

 

 

Source: 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