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  1. #1
    Chief viclogic's Avatar
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    What's the best insurance company in the Philippines?

    Hello ladies and gentlemen, what do you think are the best insurance companies in the Philippines, based on your experiences. Below are the rankings of the top Life and Non-life Insurance Companies in the Philippines (according to Premium Income) published in the IC website as of July 2011. We know that they are only ranked according to premiums. So how about their customer service and other edges. Do you agree with the rankings?

    Top 10 Life Insurance Companies according to Premium Income
    as of December 31, 2010
    (tentative as of July 12, 2011 )
    1 . Philam Life & Gen. – Php 11,254,874,199
    2 . Sunlife – Php 10,633,280,619
    3 . Phil. Axa – Php 8,359,866,264
    4 . Pru Life – Php 7,356,704,771
    5 . Insular Life – Php 7,129,014,421

    Top 10 Non-Life Insurance Companies according to Gross Premiums
    As of December 31, 2010
    (Tentative as of July 12, 2011)
    1 . Malayan Insurance Company, Inc. – Php 5,858,106,620
    2 . Prudential Gtee. & Assce., Inc. – Php 4,066,148,211
    3 . BPI/MS Insurance Corporation – Php 3,539,295,809
    4 . Pioneer Insurance & Surety Corporation – Php 2,718,585,446
    5 . Standard Insurance Company, Inc. – Php 2,382,765,077

    Top 10 Non-Life Insurance Companies according to Net Premiums Written
    As of December 31, 2010
    (Tentative as of July 12, 2011)
    1 . Malayan Insurance Company, Inc. – Php 2,592,615,313
    2 . Prudential Gtee. & Assce., Inc. – Php 2,311,485,514
    3 . BPI/MS Insurance Corporation – Php 1,463,556,306
    4 . Mapfre Insular Insurance Corporation – Php 1,174,230,852
    5 . Philippine Charter Insurance Corporation – Php 1,024,181,933
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  2. #2
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    Well i have no seriously information on the insurance companies which is come in the Philippines,but i suggest the company Standard Insurance Company, Inc in the Philippines for the investment because i read the ratio on the net and trust me it is far ahead.
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    I just spoke with Sun Life Financial advisor. I really appreciate, she explained: I am in every term, computing and other relevant policies of the most simple way. I'm still thinking about what and where to get it though, I budget my expenses this month.
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  4. #4
    binondo_trade
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    Your captions mentioned about Top 10 Life and Non-Life Insurance Companies, but only show 5 companies respectively. Here is the complete list based on their rankings:

    Top 10 Life Insurance Companies according to Premium Income
    as of December 31, 2010
    (tentative as of July 12, 2011 )

    1 . Philam Life & Gen. – Php 11,254,874,199
    2 . Sunlife – Php 10,633,280,619
    3 . Phil. Axa – Php 8,359,866,264
    4 . Pru Life – Php 7,356,704,771
    5 . Insular Life – Php 7,129,014,421
    6 . BPI Philam Life – Php 5,695,869,300
    7 . Manulife (Phils) – Php 3,974,603,127
    8 Grepalife Financial – Php 3,492,356,444
    9 . United Cocolife – Php 2,333,374,408
    10 . Generali Pilipinas – Php 1,419,746,109

    Top 10 Non-Life Insurance Companies according to Gross Premiums
    As of December 31, 2010
    (Tentative as of July 12, 2011)

    1 . Malayan Insurance Company, Inc. – Php 5,858,106,620
    2 . Prudential Gtee. & Assce., Inc. – Php 4,066,148,211
    3 . BPI/MS Insurance Corporation – Php 3,539,295,809
    4 . Pioneer Insurance & Surety Corporation – Php 2,718,585,446
    5 . Standard Insurance Company, Inc. – Php 2,382,765,077
    6 . Chartis Philippines Insurance, Inc. – Php 2,186,046,692
    7 . UCPB General Insurance Company, Inc. – Php 1,711,150,556
    8 Philippine Charter Insurance Corporation – Php 1,708,507,328
    9 . Federal Phoenix Assurance Co., Inc. – Php 1,701,163,755
    10 . Mapfre Insular Insurance Corporation – Php 1,657,172,423

    Top 10 Non-Life Insurance Companies according to Net Premiums Written
    As of December 31, 2010
    (Tentative as of July 12, 2011)

    1 . Malayan Insurance Company, Inc. – Php 2,592,615,313
    2 . Prudential Gtee. & Assce., Inc. – Php 2,311,485,514
    3 . BPI/MS Insurance Corporation – Php 1,463,556,306
    4 . Mapfre Insular Insurance Corporation – Php 1,174,230,852
    5 . Philippine Charter Insurance Corporation – Php 1,024,181,933
    6 . Pioneer Insurance & Surety Corporation – Php 980,435,515
    7 . UCPB General Insurance Company, Inc. – Php 914,780,895
    8 Standard Insurance Company, Inc. – Php 913,351,295
    9 . Federal Phoenix Assurance Co., Inc. – Php 859,506,016
    10 . Chartis Philippines Insurance, Inc. – Php 766,106,109

  5. #5
    New Member Genesis Alvaro's Avatar
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    When shopping for your life insurance plan and company of choice, ask your Financial Advisor about the financial standing of the company. This should indicate if your life insurer can deliver its promises when the time arises.

    Needless to say, beware of scams! If it seems too good to be true, do extra research!

    Did you know that Philam Life ranks number 1 based on Total Assets and Paid-Up Capital among all life insurance companies ? Check out the Official Insurance Commission Ranking here: http://www.insurance.gov.ph/htm/_statistics.asp

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    PruLife UK is the fastest growing insurance company in philippines

    I am proud i have my policy from Prulife UK, After 17 years they made it at the top 4. They are the fastest growing Prudential Company in Asia. Totoo naman magaganda ang products nila and add ko lang Pru Life UK pioneered unit-linked or investment-linked life insurance here in the philippines.

  7. #7
    Chief viclogic's Avatar
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    Hmmm. This post is actually dated 2011 and the stat are as of December 2010. Perhaps, we can create a new thread for the updated list.
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    Your argument is valid. I should agree in your statement. Check Prudential Life for more information.

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    The Philippine Prudential Life Insurance Company is the best insurance company in the Philippines based on their assets, net worth, investment at cost, net income, and paid up capital.

    http://www.philippineprudential.com/

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    What's the best insurance company in the Philippines?

    The Philippine Prudential Life Insurance Company is the best insurance company in the Philippines based on their assets, net worth, investment at cost, net income, and paid up capital.

    http://www.philippineprudential.com/

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