Malayan Insurance Co. Inc. (Malayan Insurance) was recently recognized in the World Economic Magazine Awards, receiving three (3) prestigious citations for its efforts to provide accessible and affordable insurance solutions.
The non-life insurance giant was named the Philippines’ Best Non-life Insurance Company and recognized as General Insurer of the Year, while its Golfers Insurance was named the Best New Insurance Product – Philippines 2024.
“These awards reflect our commitment to innovation and excellence, reinforcing our leadership in delivering top-tier solutions,” Chief Operations Officer Eden Tesoro said.
“We will continue to focus on addressing our clients’ emerging insurance needs as we strive to set new standards in the local non-life insurance sector,” Tesoro added.
Last year, Malayan Insurance retained its “B++” financial strength rating from the international credit rating agency AM Best. It also maintained its “bbb” long-term issuer credit rating, as well as Philippines National Scale (NSR) rating of “aa+PH” (Superior).
Proving its commitment to its clientele, the company also introduced this year a specialized insurance solution—Golfer’s Insurance. This product provides comprehensive coverage for golf-related risks, including clothing, clubs, equipment, liability insurance, and injuries sustained during play.
The World Economic Magazine Inc. is a US-based publication committed to promoting financial literacy and economic multi-polarity in today’s global economy and international trade.