MILESTONES

Seven decades in the industry have brought many milestones for the company. Among the more memorable stories within the halls of Malayan are the following:

1930 - Founding of China Insurance and Surety Company with a capital of P147,500.

1935 - Generated a total gross premium income of P41,399, total assets of P392,709, or total revenue of P434,108.

1940 - Generated a total gross premium income of P713,976, total assets of P402,272, or a total business of P1,116,228.

1949 - During World War II, China Insurance was inactive. Resuming operations after the war, it shed off its name and took the name Malayan Insurance Co., Inc.

1950 - Opened Cebu City branch and Luzon Regional Office.

1952 - Established Visayas and Mindanao Regional Offices.

1955 - Bankers and Manufacturers Assurance Corporation was founded. On its Silver Anniversary, Malayan Insurance Co., Inc. registered a gross premium income of P2,198,000.

1956 - Established Eastern General Reinsurance Corporation, the first reinsurance company in the Philippines.

1959 - Business Writers Association of the Philippines (BWAP) recognized Malayan Insurance as the Insurance Firm of the Year.

1960 - Pioneered the first personal accident insurance vending machines in the Philippines - Flight (Travel) Insurance Plan.

1964 - Organized Pan Malayan Insurance Corporation, a joint venture with Tokio Marine and Fire Insurance Co. of Japan, Continental Insurance Company of the US and Malayan Insurance Co. of the Philippines.

1965 - Introduced the first Personal Accident Christmas Card in the Philippine market. First Nationwide Assurance Corporation was founded.

1970 to 1979 - Opened new branches around the country. In Mindanao -- Cagayan de Oro (1973), General Santos (1973) and Zamboanga (1978); in the Visayas -- Bacolod City and Iloilo City (1978); in Luzon -- Legaspi City (1976) and Baguio City (1976). Expanded abroad, establishing foreign subsidiaries, branches or agencies in Europe and the Middle East (Belgium, France, Germany, Holland, Greece and Kenya), America (US and Mexico) and in Southeast Asia and the Pacific (Australia, Bermuda, Japan, Taiwan, Hong Kong, Indonesia, Malaysia, Singapore and Thailand). Acknowledged as the Top Non-Life Insurance Company in the Philippines by Business Day.

1980 - Established the first joint venture agreement with Zurich Insurance Company of Switzerland - Malayan Zurich Insurance Co., Inc.

1980 to 1982 - Received the Bangko Sentral Ng Pilipinas Award for exemplary contribution to the foreign earnings of the country from non-trade transactions.

1983 - Mrs. Helen Y. Dee was elected President of Malayan Insurance Co., Inc. For the next eleven years, she spearheaded the company's domestic expansion and modernization programs, leading toward innovative developments in insurance products, manpower training and skills, underwriting and support services. These resulted in Malayan's assuming and maintaining its No. 1position in the non-life insurance industry. Malayan also became the first nationwide, full-computerized insurance company in the Philippines.

1987 - Introduced car etching in the Philippines in cooperation with the Philippine Motor Association.

1992 - Introduced the first Express Claims Service in the Philippines, a one-stop fully computerized claims processing service.

1995 - Opened a new branch in Kalookan and Service Offices in the Cavite Export Processing Zone and Subic Bay Freeport Zone.

1996 - Introduced the "Loss of Use" (LOU) insurance cover, a unique additional motorcar insurance cover, which provides the policyholder with an additional benefit of transportation reimbursement when the insured vehicle is not available for use as a result of loss or damage.

1998 - Provided Malayan Comprehensive Motorcar Insurance policyholders with a "Free" Membership Road Assistance Program, CAMILLE, "Call Malayan Insurance Live Line".

2000 - Became the first insurance company in the country to be Y2K (Year 2000) compliant. Continued to be the No. 1 and the largest non-life insurance group in the Philippines.

2002 - Introduced the 1st valued insurance cover for high-end big bikes, "Motorcycle 1".

2003 - Introduced the first daily travel insurance that is conveniently available through SMS text, "Text Insure" and "1 Peso a Day".

2005 - Launched the "Todo Asenso", a micro loan insurance product in partnership with the Rural Bankers Association of the Philippines (RBAP).

        - Launched the "Cell Protect", in partnership with Globe Telecom and the "TravelMaster", a full protection travel insurance that responds to various emergencies and assistance such as accidents, medical services and recovery of lost or delayed baggage.