Malayan Insurance celebrates 85th Anniversary
Malayan Insurance, the country’s no. 1 nonlife insurer, is celebrating this year its founding anniversary, marking 85 years of unwavering commitment to honoring its promise of financial protection to its policyholders.
Established in 1930, Malayan has come a long way from its humble roots in Binondo to being the frontrunner in the industry. Its invaluable legacy of fulfilling its commitments is deeply rooted to its rich history.
Despite its closure during World War II, its founder Don Enrique T. Yuchengco settled claims of pre-war policyholders for their losses during the war ex gratia. This gesture upheld Malayan’s vision to be an insurance company that offers exemplary service and to settle just and valid claims.
Since 1970, Malayan Insurance has been the leader in the non-life insurance industry in terms of gross premium written (GPW). In 2013, it made another milestone in the industry when it closed the year with GPW of over P 7 billion, making it the first company among about 60 nonlife insurers in the country to do so.
Malayan has also been known for its breakthroughs in products and services, pioneering various innovations and offering wide selections of affordable and flexible insurance products.
It is the first insurance company to offer greeting cards with tucked-in personal accident insurance, as well as the first insurer in Asia Pacific to offer insurance products through Facebook, a popular networking site.
Another significant breakthrough of Malayan is its e-commerce facility, a safe and secure site which made Malayan’s nonlife products available at one’s fingertips.
On its 85th year, Malayan Insurance will continue to highlight its brand of excellence and its invaluable legacy to help uplift more lives.
It sees 2015 as another year to expand its reach and provide better service and products to its clients and partners.