Top 15 Insurance Companies in the Phils. as of Dec 31, 2007

I was able to get hold of the Top 15 Insurance Companies in the Philippines based on Assets as of December 31, 2007. This is according to the records of the Insurance Commission, the government agency which regulates and supervises the insurance industry in the Philippines.

top insurace company in the Philippines

I must say that with the Insurance Commission (IC), policy holders need not worry about the financial crisis that we usually hear on the radio or tv. Why is that? IC actually requires a certain contingency fund for each Insurance companies that can be used during unexpected events. These contingency fund shall remain liquid and not to be touched.

Here’s the Top 15 Insurance Companies in the Philippines as of December 2007 in terms of Assets

NAME OF COMPANY
ASSETS
1. Philippine American Life & Gen. Ins. Co., Inc. 108,348,283,981
2. Sun Life of Canada (Phils.) Inc. 66,932,086,783
3. Insular Life Assurance Co., Ltd., The 57,196,242,053
4. Phil. AXA Life Insurance Corp 33,062,663,003
5. Manufacturers Life Insurance Co., Inc. The (Phils.) 19,869,631,728
6. Ayala Life Assurance, Inc. 12,096,430,078
7. Pru Life Insurance Corp. of UK 12,011,024,748
8. United Coconut Planters Life Assurance Corp 10,923,093,889
9. Great Pacific Life Assurance Corp. 7,689,037,413
10. Generali Pilipinas Life Assurance Co., Inc. 5,998,037,527
11. Manufacturers Life Insurance Co., Inc. The (Branch) 4,962,757,665
12. National Life Insurance Co. of the Phils 3,039,885,511
13. Pioneer Life Inc. (Pioneer Allianz) 2,919,446,899
14. Great Life Financial 2,844,611,085
15. Beneficial PNB Life Insurance Co., Inc. 2,718,265,732

Taken from the Insurance Commission Website (http://www.insurance.gov.ph)

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Garry Zaldy de Castro is an advocate, Financial Advisor, Certified Investment Solicitor (Mutual Fund Representative), blogger, IT practitioner, husband to Aileen and a dad to Jacob and JohnD. He started Financial Planning Philippines in 2008 just to share his financial learning to friends, relatives and anyone who wishes to be financially independent.

10 comments

  1. Hello, I’m a plan holder of Grepalife Insurance under Mega Optima Plan
    5/30 and I had a Full Payment Certification from this institution, is
    this institution are still operational or my plans is in safe?
    thank you..

  2. i would like to say to mr fernado d. laguindam III that his pla with grepalife is very safe. im an agent of philamlife and i know the staility of grepalife.

    and to chuva, all life insurance companies are regulated by the Insurance Commission. As far as i know, the IC makes regulations that protects the interest of the policy holders. And since i joined the insurance business, all i know that not one failed to dilevered their promises.

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