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Albay Insurancecompany
Albay Insurancecompany
Albay Insurancecompany
BSA-2A
TOP 1: FWD LIFE INSURANCE
I: HISTORY
Indonesia, Vietnam, Malaysia, and Cambodia, filed for a HK IPO on February 28,
2022. The business then began to grow in Indonesia and the Philippines in 2014
and 2015. FWD Group expanded into three more nations in 2016 that
Holdings Ltd. in Vietnam for $35 million. In late 2016, FWD agreed to buy AIG's
Fuji Life Insurance Co. in Japan; by April 2017, FWD had $24.4 billion in assets
(Malaysia) which has since changed its name to FWD Takaful (Malaysia). In
June 2019, FWD Group reportedly paid $400 million to acquire MetLife's Hong
Bank, SCB Life Assurance, was sold to FWD Group that month for $3 billion,
"reflecting the largest insurance deal in Southeast Asia in terms of value." At the
end of July 2019, FWD also launched its Malaysian Takaful (Islamic insurance)
market. FWD had submitted an application for a permit to establish a joint
venture in China by August 2019. Since its creation, FWD has spent $6 billion on
pay $400 million for the joint venture between Vietcombank and BNP Paribas
In June 2020, for an estimated $300 million, FWD Group bought a minority
investment in PT Asuransi BRI Life, the life insurance division of PT Bank Rakyat
Indonesia (BRI). Press outlets stated in September 2020 that FWD Group was
month, FWD Insurance bought a stake in IPP Financial Advisers . In 2020, FWD
Group had 7.5 million customers, $50.9 billion in assets under control, 6,200 staff
in Asia. Value of New Business for FWD Group in 2021 was $686 million USD.
The segmental adjusted operating profit before tax for FWD Group was US$205
million in 2021, increasing 64% from the same period the previous year and more
than quadrupling from 2019. 6.100 people, $62.6 billion in assets under
management, and 9.8 million clients made comprised the 2021 FWD Group. On
February 28, 2022, FWD filed for a Hong Kong IPO and revealed that it had
raised more than US$1.6 billion in two private placement transactions since
December 2021.
II: FOUNDER
investment firm.The majority of the life insurance firm FWD, which conducts
The FWD Group offers employee benefits, general insurance, life and health
insurance, and more. Additionally, FWD's Premium Plan offers the most
affordable costs. In reality, the Premium plan will be among the most affordable
options available when FWD is running a sale, especially for travel within ASEAN
or to other regions of Asia. For travelers who want to be sure they're getting a
decent deal regardless of where they're going or how long they'll be there, this
I: HISTORY
P2.87 billion in total equity, and over P8.98 billion in consolidated assets (based
"AlagangTunay, AlagangBenLife."
II: FOUNDER
Top 10 Stockholder
1.FMF DevelopmentCorporation=81.07%
provides detailed, in-depth, and comprehensive insights into the company, its
by examining its performance in the local market and global economy. This
strengths, weaknesses, potential opportunities, and threats. This report will also
include the company's historical, current, and projected merger and acquisitions,
Life insurance products for parents and children, business owners, professionals,
and employees who want to set aside money for clean-up and moving expenses.
Life insurance products purchased by institutions for their own protection and the
health.
I: HISTORY
a Life Insurance Company from the Insurance Commission (IC) on November 25,
2004. Caritas Life's Paid-Up Capital and Contributed Surplus have been
increased to PHP 601 million and PHP 206 million, respectively, as of December
2021, solidifying its current total net worth of over PHP 1.2 billion.
Caritas Life provides Individual and Group Insurance. It is responsible for the
Caritas Financial Plans. As of the end of 2021, Caritas Life had paid out more
Caritas Life is a wholly owned subsidiary of Caritas Health Shield, Inc., the parent
company of the Caritas Companies. Caritas Health Shield has grown from
asset base of more than PHP 1.364 billion as of yearend 2021, confidently
growing insured.
Caritas Health Shield established subsidiaries that cater to its members' medical
and financial needs in order to fulfill its desire to provide excellent and diverse
services to the changing needs of the Filipino Family: Caritas Life Insurance and
Atty. Domingo M. Navarro is a lawyer and professor. He was the Assistant Dean
ofFrom 1988 to 2005, he was a student at San Beda College, and later at
Additonal Information:
Director Ms. Purificacion C. Florcruz has years of experience in the real estate
and banking industry. She has twenty-five years of banking experience in United
Coconut Planters Bank. Later, she served as Corporate Secretary and then as
President of F.C. Integrated Resources, Inc. Ms. Florcruz finished her BSC major
Clinica Henson EENT Foundation for more than twenty years, and has also
served as Treasurer/Partner of the Angeles Lasik Group, Inc. Dr. Henson earned
his baccalaureate degree in Biology and his Doctor of Medicine degree from the
Caritas Health Shield has grown from humble beginnings in 1995 to become one
collectively cater to its members' medical and financial needs in order to fulfill its
desire to provide excellent and diverse services to the changing needs of the
Filipino family: Caritas Life Insurance, Clinica Caritas, Caritas Financial Plans,
Caritas Health Shield Foundation, and Caritas Family Hospital and College are
Caritas Financial Plans has been serving the Filipino family since 2007,
beginning with three branches in Metro Manila. Since then, it hasn't looked back.
We now have 13 locations across the country and are rapidly expanding.
Vantage Pension and Education Plans, Inc. was incorporated and registered on
October 8, 1993, and was acquired by Caritas Health Shield, Inc. on September
21, 2005. The company was renamed CARITAS FINANCIAL PLANS, INC. on
March 8, 2007.
TOP 4: GENERALI LIFE
I: HISTORY
For 190 years, Generali has been acting in the current environment and
anticipating future trends, not only as an insurer, but also as a social innovator in
the communities in which it operates, and finding the best solutions to be the
A long history marked by big and small moments, all linked by a common thread
initiatives developed over time by employees and agents, allowing the Group to
Company.
Generali Philippines has been a consistent player in the industry, providing life
insurance and health services to large corporations and small and medium-sized
digital platforms.
TOP 5: PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION
I: HISTORY
business for over 65 years. It was founded in 1950 and is licensed by the
composite license to operate in both life and non-life insurance. PLGIC has
acquired four (4) life and non-life companies over the years, making it one of the
Vision
Core Values
Loyalty Flexibility
Integrity Excellence
Nationality: Indian
Birthday: Unknown
Birthplace: Unknown
His professional career spans over a period of 35 years in which he has garnered
Services at Reliance Industries Ltd., where he was in charge of new Health Care
non-life insurance and health insurance products for Filipinos and OFW's. Other offerings
follow:
PROTECTION PLANS
Prime Life
Prime Term
Jumpstart
Secure Essential
AUTO
Motorcycle Insurance
HOMECARE INSURANCE