Licensed Insurance Companies in the Philippines

July 4, 2010 Insurance, Others 1 Comment

A number of readers are asking about insurance company Philippine Prudential Life Insurance Co., so I decided to present this list.  Data is based on information presented by the Insurance Commission on its web site.

List of the 35 Life Insurance Companies in the Philippines Whose Licenses Were Renewed for the Year 2009 to 2010
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1.  AsianLife and General Assurance Corp.
(formerly ATR Professional Life Assurance)
2.  AsianLife Financial Assurance Corp.
(formerly All Asia Life Assurance Corp.)
3.  Ayala Life Assurance Inc.
4. Beneficial Life Insurance
5.  BF Life Insurance Corp.
6.  BancLife Insurance Co.
7.  CAP Life Insurance Corp.
8.  Caritas Life Insurance Corp.
9.  Cooperative Insurance System of the Phil.
10.  Coop Life Insurance and Mutual Benefit Services
11.  Country Bankers Life Insurance Corp.
12.  First Life Financial Co.
(formerly First Guarantee Life Assurance Co.)
13.  Fortune Life Insurance Co.
14.  Generali Pilipinas Life Assurance Co.
15.  Great Pacific Life Assurance Corp.
16.  Great Life Financial Assurance Corp.
(formerly Nippon Life Insurance Co. of the Phil.)
17.  Insular Life Assurance Co.
18.  Manila Bankers Life Insurance Corp.
19.  Manufacturers Life Insurance Co. (Phil)
20.  Manufacturers Life Insurance Co. (Branch)
21.  Manulife Chinabank Life Assurance Corp.
(formerly Pramerica Life Insurance Co.)
22.  National Life Insurance Co. of the Phil.
23.  Paramount Life and General Insurance Corp.
24.  Philam Equitable Life Assurance Co.
25.  Philippine American Life and General Insurance Co.
26.  Philippine AXA Life Insurance Corp.
27.  Philippine Prudential Life Insurance Co.
 28.  Philippines International Life Insurance Co.
29.  Pioneer Life Inc.
30.  PNB Life Insurance Inc.
31.  Pru Life Insurance Corp. of UK
32.  Sony Life Insurance (Phils.) Corp.
33.  Sun Life of Canada (Philippines) Inc.
34.  United Life Assurance Corp.
35.  United Coconut Planters Life Assurance Corp.

Based on paid-up capital as of Dec 31, 2009, the top ten firms are:

  • Philam Life and Gen
  • Sony
  • BPI Philam Life (Philam and Ayala Life of BPI)
  • United Cocolife
  • Sunlife
  • Great Life Financial
  • Manulife Chinabank
  • Manulife Phils
  • Beneficial PNB (Beneficial Life and PNB Life Insurance)
  • Grepalife Financial

Philippine Prudential Life is ranked 22nd among 35 insurance companies based on paid-up capital.

Based on net worth as of Dec 31, 2009,the top ten firms are:

  • Philam Life Gen
  • Insular Life
  • Sunlife
  • United Cocolife
  • Manulife (Branch)
  • Grepalife Financial
  • Manulife (Phils)
  • Phil. AXA
  • Beneficial PNB
  • BPI Philam Life

Philippine Prudential Life is ranked 28th among 35 insurance companies based on net worth.

Based on premium income as of December 31, 2009, the top ten firms are:

  • Philam Life and Gen
  • Sunlife
  • Insular Life
  • Phil AXA
  • BPI Philam Life
  • Pru Life
  • Generali Pilipinas
  • Manulife (Phils)
  • Grepalife Financial
  • United Cocolife

Philippine Prudential Life is ranked 17th among 35 insurance companies based on premium income.

UPDATE:  List of Licensed Life Insurance Companies in the Philippines for the year 2011

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One Response

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