The Malayan Insurance Co., Inc. is considered the core company of the Malayan Group , having been established first. Originally capitalized at P147,000 and domiciled in Manila, Malayan has become a multi-million peso corporation . It has four regional offices: (1 ) the Upper North Luzon Regional Office, with branches in Dagupan, La Union, Laoag, Tuguegarao, Cauayan and Baguio; (2) the Lower North Luzon, with branches in Cabanatuan, Baliwag, Angeles, Subic and Tarlac; (3) South Luzon, with branches in Laguna, Legaspi, Batangas, Cavite, Calamba and Naga; and, (4) the Visayas & Mindanao Regional Office, with branches in Bacolod, Cebu, Iloilo , Palawan, Cagayan de Oro, Davao, and General Santos, and service offices in Zamboanga, Tagum, and Tagbilaran. In Metro Manila, the company has branches in Makati, Quezon City, Ayala-Alabang,Marikina and Service Offices in Honda Quezon Avenue, Honda Kalookan, and Isuzu Manila.
Non-life insurance protection
is at the heart of Malayan's diversified operations.
The insurance risks it covers include fire, marine,
motorcar, miscellaneous casualty and personal
accident, and surety.
Malayan takes pride in being
able to settle just and valid claims in a speedy
fashion. It gives the highest priority to the
interest of its customers, as evidenced by the
establishment of the Customer Service Center (CSC)
at the company's head office. The CSC is a one-stop-shop
that responds promptly to customer needs, ranging
from initial inquiries to assistance in the processing
Malayan has also set up the
Express Claims Service (XCS), the only one of
its kind in the country, which enables processing
of claims of up to P15,000 on motorcar insurance
within 24 hours or less, using a computerized
on-line customer database system. In continuously
strengthening its leadership in the industry,
Malayan abides by the core values that have been
the bedrock of its business: quality service maintained
consistently above standards, professionalism,
the loyalty and results orientedness of its employees
, and sincerity in fulfilling its commitment to
serve and protect the Filipino people.
First Nationwide Assurance Corp.
( FNAC ) was founded in June 11, 1965 by a group
of reputed entrepreneurs in the appliance business
with an initial paid-up capital of PHP 250,000.00
or and authorized capital of PHP 2.5 million.
Unfazed by the highly competitive insurance industry,
FNAC entered the marketplace of giant insurance
companies and became a member of the Malayan Group
in 1966. The company captured individual and corporate
clients from the Chinese communities of Metro
Manila and its suburbs.
On December 27, 1993, FNAC has increased it's
subscribed and paid-up capital of PHP 50 million
and by the year end of 1999 its Total Assets grew
to PHP 485,546,104.00 with Net Premiums Written
to PHP 203,055,248.00 and Net Premiums Retained
at PHP 86,448,962.00.
Despite being the youngest insurance company in
the group and a wholly owned subsidiary of MICO,
FNAC has already gained the recognition of the
public as a respectable and competent organization.
Formerly called the Malayan-Zurich
Insurance Company, Inc., the Bankers Assurance
Corporation adopted its new name in the third
quarter of 2006. BAC is a cooperative partner
of Zurich Financial Services. As a cooperative
partner of the global insurance group, Malayan
Insurance can gain access to the facilities and
infrastructure of the Philippine’s largest
non-life insurance group. With this cooperative
partnership, the Malayan Group may further solidify
its market leadership and gain prestige from servicing
Zurich Financial Services Group
is an insurance-based financial services provider
with core business in General and Life Insurance.
Founded in 1872, the group’s headquarter
is in Zurich, Switzerland and has a global network
of subsidiaries and offices in more than 120 countries
across North America, Europe, Asia Pacific, Latin
America and other markets.