Malayan Insurance, FNAC receive IC’s Certificates of Authority
Malayan Insurance Company, Inc. (MICO), the country’s no. 1 non-life insurer, and First Nationwide Assurance Corporation (FNAC), the non-life bancassurance partner of the Rizal Commercial Banking Corporation (RCBC), recently received their Certificates of Authority from the Insurance Commission (IC). The certificates validate the reliability and stability of both companies that have been providing world class non-life insurance products to businesses, families & individuals for more than 8 decades. The renewal of the certificates guarantee that MICO and FNAC comply with the IC's quality requirements such as the capacity to exceed the minimum capitalization and net worth, which are indicators of solid fiscal standing and capability to meet their obligations to policyholders. Shown in photo are, from left: Insurance Commissioner Emmanuel F. Dooc, Malayan Insurance President Yvonne S. Yuchengco, and FNAC President Antonio M. Rubin. Malayan Insurance, FNAC, and RCBC are members of the Yuchengco Group of Companies (YGC).