The majority stockholders of ASIA INSURANCE (PHILIPPINES) CORPORATION are long-established and leading general insurance companies in Hong Kong, Thailand, and Indonesia.
Asia Insurance Co., Ltd is a leading general insurer registered in Hong Kong. The company's financial strength and solid business profile as a reputable insurer in Hong Kong, Macau, Taiwan and China is recognized by Standard & Poor's Strong "A" rating.
Bangkok Insurance Public Company Limited is the largest non-life insurance company in Thailand and its financial realiability is highly rated "A-" by Standard & Poor's, the best rating for insurance companies in Thailand. The Company's annual premium income exceeds Baht 8 billion (PhP11 billion).
PT Asuransi Central Asia is one of the thress largest private non-life insurance companies in Indonesia producing an annual premium income of over Rupiah 1,490 billion (Php 7.5 billion). The company has a track record of good operating performance.
These professional insurance companies established the Asian Insurance International Group and during the past 12 years expanded their operations in Asia including the Philippines. In 1998, the Group took over majority ownership and management of ASIA INSURANCE (PHILIPPINES) CORPORATION
Bangkok Bank PCL, the largest commercial bank in Thailand, hold significant shares in ASIA INSURANCE (PHILIPPINES) CORPORATION.
The financial strength, management experties and reinsurance support derived from the Asian Insurance International Group provided ASIA INSURANCE (PHILIPPINES) CORPORATION the capability to serve its growing protfoliio of profitable business.
ASIA INSURANCE (PHILIPPINES) CORPORATION was originally established by Filipino entrepreneurs as Traders Insurance & Surety Company. The Asian International Group joined the founding Filipino stockholders and strengthened the Company with increased capital, professional management and reinsurance support in 1998. The new corporate name, ASIA INSURANCE (PHILIPPINES) CORPORATION which was approved on June 23, 2004, signifies the commitment of the Group to promote the healthy development of their Philippine Company.
