Malayan Insurance marks 84th anniversary
Malayan Insurance celebrates its anniversary this February marking its 84th year of market leadership in the non-life insurance industry.
Malayan was founded in 1930 by businessman Don Enrique T. Yuchengco. It was then known as the China Insurance and Surety Company. The company was renamed Malayan Insurance in 1949 – inspired by the wave of patriotism after World War II – to pay tribute to the Malay race.
It was envisioned to provide exemplary insurance service and operate through fair dealings and settlement of just and valid claims at all times.
It was this commitment of nurturing customer trust and confidence which catapulted Malayan to the very top of the non-life insurance sector in the Philippines, a position which it has occupied since 1970 or for a period 43 straight years.
“As a dominant force in the non-life insurance industry, Malayan has provided world-class property, motorcar, personal accident, casualty, travel, aviation, and marine insurance, as well as surety bonds to Filipino businesses and families,” said Malayan President Yvonne S. Yuchengco.
“I wish to thank all our clients and business partners for giving us the honor of serving them for their nonlife insurance needs, and to our faithful agency force for trusting us with their livelihood,” Ms. Yuchengco said.
Further, she added that as the years pile up on Malayan, the company has retained its youthful enthusiasm and continues to vigorously pursue uncharted territories to be able to reach out to more Filipinos nationwide.
Malayan Insurance is the only non-life insurance company with an ISO 9001:2008 global quality management service (QMS) certification for all head office procedures. Malayan is also the only Philippine non-life insurer rated by the prestigious A.M. Best, with a bbb+ issuer credit rating and a B++ financial strength rating. A.M. Best is a respected global ratings agency for insurance companies.
Currently, Malayan Insurance has the largest network of full-service branches and satellite offices with 32 branches nationwide. Malayan Insurance is a member of the Yuchengco Group of Companies (YGC).