MAA General Assurance Phil., Inc.
The birth of MAA General Assurance Phil., Inc.(MAAGAP) took place when its parent company, MAA International Group Ltd. (MAAIG) from Malaysia ventured to strategically expand its business in Asia.MAAIG is an offshore composite insurance company licensed under the Offshore Insurance Act 1990 in Labuan International Offshore Financial Centre (IOFC) to underwrite life and general insurance and reinsurance business.
Gearing for the planned expansion, MAA procured the insurance license of the then Paramount Insurance Corporation and renamed it MAA General Assurance Phil., Inc. as it is popularly called now. Its thrust for full-scale operation commenced in September 1, 2001 after securing license from the Insurance Commission.
MAA General Assurance Phil., Inc. offers insurance service for motor car, personal accident and health,property or fire and allied perils,engineering, aviation, marine and hull, casualty and bonds.
Under the presidency of Mr.Daniel C. Go, the company recorded a number of achievements during the infancy of its operation.In 2002, MAAGAP was able to underwrite PhP 350 million garnering it a rank among the Top 20 Non-life Insurance Companies and soon placed of 1333rd among the Top Corporations across the country.
While in the process of creating a reputation, MAAGAP extended its network leading to the establishments of its local branches. In February 2003, the first branch was launched in Binondo, Manila which directly catered to the insurance needs of the Filipino-Chinese settlers.
Five months after the launching of the first branch, MAAGAP embarked on another aggressive investment by inaugurating the second branch on the second largest city in the Philippines—CebuCity. The Visayan office had an objective of providing service to people from regions in the farther south of the country
The continuous growth of the company was evident as the third branch was inaugurated in February 2004 in the City of Dagupan, Province of Pangasinan. The Davao office was inaugurated the following year. The fifth branch in Bacolod City started its operation in 2006. The sixth branch in Cagayan de Oro City was inaugurated inOctober 2012.That same year also marked the commencement of operations of the seventh branch in Malolos, Bulacan.
MAAGAP’s presence is now visible in the South Luzon as the Batangas Branch started its operation in June 2013. In 2016, the San Fernando branch and Iloilo (Bacolod Remote Office) were both established. Another branch was established in General Santos City and become operational before the end of 2016.The company’s growth through branch expansion in the Philippines signifies its firm and incessant development.
From the start, the management assured its valued clients of service quality by attaining the ISO 9001:2000 Certificate of Excellence in Quality Management and awarded by Certification International in November 27, 2006. MAAGAP obtained a new ISO 9001:2008 certification in September 20, 2010. In January 2016, the management has successfully completed the requirements of ISO re-assessment audit and obtained the re-certification to ISO 9001:2008 and remains to be among the only six (6) ISO certified non-life insurance companies in the Philippines.
To date, MAA General Assurance Phil., Inc., marches on in realizing its vision of providing quality non-life insurance service and ensuring that adequate financial security is provided to Filipinos.