About Mapfre Insular
Corporate Profile
MAPFRE Insular is a non-life insurance company offering general insurance for optimum financial protection and risk management. The Company provides insurance services on fire and allied lines, motor vehicle, personal accident, casualty, liability, engineering, marine cargo, surety and micro insurance.
Founded in 1934, MAPFRE Insular today, ranks among the top five in the non-life insurance industry in terms of earned premiums, investment income, and net income. The company is also among the highest capitalized and most solvent in the non-life insurance business in the country.
Key Milestones
1934
1979
1995
2005
Company is founded under the corporate name of Provident Insurance Corporation.
Provident Insurance is acquired by A. Soriano Corporation.
Mapfre with Asian Bank as partner, acquires Provident and renames the company Mapfre Asian Insurance.
Mapfre Asian merges with InsularGen, the non-life arm of Insular Life. The company is renamed MAPFRE Insular Insurance Corporation.
Ownership Structure
Mapfre Insular is 75 % owned by Mapfre of Spain and 25 % by Insular Life Assurance Co. Ltd., of the Philippines.
MAPFRE Sociedad Anonima is the largest insurance conglomerate in Spain and is the leading non-life insurance company in Latin America and the 6th largest Non-life insurer in Europe. MAPFRE operates mainly in Spain and in over 46 countries worldwide. It has more than 20 million customers, 13.2 million insured vehicles and 5 million insured homes.
Find out more about MAPFRE here:
ASEAN Corporate Governance Scorecard
MAPFRE Insular puts trust as its foremost value and adheres to globally accepted good Corporate Governance standards and practices. In line with the ASEAN Corporate Governance Scorecard, MAPFRE Insular's compliance with the five areas of the Organisation for Economic Cooperation and Development (OECD) corporate governance methodology is disclosed and may be reviewed following the links below.
Rights of Shareholders
Equitable Treatment of Shareholders
Role of Stakeholders
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HR Policies and Procedures – Training and Development
Disclosure and Transparency
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2015 ASEAN Corporate Governance Score Card
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Director’s Attendance (Board and Ex-Com) certified by the Corporate Secretary
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Articles of Incorporation
Responsibilities of the Board
Mapfre Insular Insurance Corporation Building at Acacia Avenue, Madrigal Business Park, Ayala Alabang.