The Board of Directors and Management, i. e. officers and staff, of MAA GENERAL ASSURANCE PHILIPPINES, INC. (the "Corporation") hereby commit themselves to the principles and best practices of good Corporate Governance, and acknowledge that the same may guide the attainment of their corporate goals.
In line with the governance improvement initiative of the Insurance Commission and in keeping with its corporate goals, MAAGAP adopts the Annual Corporate Governance Report (ACGR) pursuant to the IC Circular Letter No. 2020-72 dated 30 June 2020:
ASEAN Corporate Governance Scorecard 2019
ASEAN Corporate Governance Scorecard 2018
ASEAN Corporate Governance Scorecard 2017
ASEAN Corporate Governance Scorecard 2016
ASEAN Corporate Governance Scorecard 2015
ASEAN Corporate Governance Scorecard 2014
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. Read more...