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Insular Life
The Insular Life Assurance Company, Ltd. (commonly known by its trade name, Insular Life, and shortened as InLife) is a mutual life insurance company in the Philippines. Established on November 25, 1910 in Manila, it is the first Filipino life insurance company. The company offers individual and group life, health, education and retirement insurance plans. It provides allied financial services such as general insurance, banking, healthcare, lending and investment through subsidiaries and affiliate companies in its eponymous corporate group. Insular Life was once a member of the Ayala Corporation until 1987, when it became a mutual company owned by its policyholders. Its Executive Chairman of the Board is Nina D. Aguas and its Chief Executive Officer is Raoul Antonio E. Littaua. As of 2020, it is the tenth largest life insurer in the Philippines in terms of premium income, and fourth in terms of net worth. History The firm was established as the first domestic life insurance comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Insurance
A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders. History The concept of mutual insurance originated in England in the late 17th century to cover losses due to fire. The mutual/casualty insurance industry began in the United States in 1752 when Benjamin Franklin established the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire. Mutual property/casualty insurance companies exist now in nearly every country around the globe. The global trade association for the industry, the International Cooperative and Mutual Ins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ayala Corporation
Ayala Corporation (Spanish: ''Corporación Ayala'', formerly ''Ayala y Compañía'' (Ayala & Company)) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during the Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, management, and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B). History Ayala y Compañía was established in 1876 and traces its origins to Casa Róxas, a partnership established in 1834 between Domingo Róxas and Antonio de Ayala. Casa Róxas began with the formation of a distillery which became known as the maker of Gi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Insurance Companies
Mutual may refer to: *Mutual organization, where as customers derive a right to profits and votes *Mutual information, the intersection of multiple information sets *Mutual insurance, where policyholders have certain "ownership" rights in the organization *Mutual fund, a professionally managed form of collective investments *Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies *Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. *Mutual Broadcasting System, a defunct U.S. radio network * Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints *Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from ''Shawn Mendes'' ;Place names *Mutual, Maryland, a community in the United States *Mutual, Ohio, a village in the United States *Mutual, Oklahoma, a town in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1910
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citibank Philippines
Citibank Philippines is the Philippines branch of Citibank. In July 1902, the International Banking Corporation, a predecessor to Citibank, opened its first branch in Manila. Currently, it is the largest commercial bank in the Philippines. One of its largest investments in the country is the site building in Bonifacio Global City, Taguig. Citigroup Philippines has 4,200 employees and 3 branches in Metro Manila and Metro Cebu. History In 2008, Citibank began offering mobile phone banking. Two-way SMS is Citibank’s latest mobile phone-based service. It allows cardholders to send Citi a text message inquiring about their available credit balance, amount due and payment due date. It also allows users to order food, flowers, mobile recharges through and can order prepaid Internet load (from Blast) SMS. Cardholders can also pay their bills for Globe postpaid plans. Citibank are the first to offer this service on a credit card. Citibank Philippines also provides its clients with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American International Group
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/america-canada/us/documents/investor-relations/2019/aig-2018-annual-report.pdf page 7 The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is a sponsor of the AIG Women's Open golf tournament. AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. AIG was ranked 60th on the 2018 Fortune 500 list. According to the 2016 Forbes Global 2000 list, AIG ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bancassurance
Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of contact for the customer. Bank staff are advised and supported by the insurance company through wholesale product information, marketing campaigns and sales training. The bank and the insurance company share the commission. Insurance policies are processed and administered by the insurance company. This partnership arrangement can be profitable for both companies. Banks can earn additional revenue by selling the insurance products, while insurance companies are able to expand their customer base without having to expand their sales forces or pay commissions to insurance agents or brokers. Bancassurance has proved to be an effective distribution channel in a number of countries in Europe, Latin America, Asia, and Australia. Description ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Bank Of The Philippines
The Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular Life and Social Security System. It started operations in 1981 and became a commercial bank on January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank. History Founding The bank was originally incorporated as “Union Savings and Mortgage Bank” on August 16, 1968. After the initial public offering the bank's shares were listed at the Philippine Stock Exchange (PSE) on June 29, 1992. Licensing as universal bank On July 15, 1992, the bank was granted the license to operate as a universal bank in the Philippines and the bank was changed its current name to Union Bank of the Philippines (UBP). Mergers and acquisitions In 1993, UnionBank merged with International Corporate Bank ("Interbank") ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mapfre
Mapfre, S.A. (, officially typeset MAPFRE) is a Spanish multinational insurance company, based in Majadahonda, Madrid. The name comes from the old mutual origin of the company (''Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España''), but the company now only refers to itself as Mapfre. It is the leading insurance company in Spain and the largest non-life insurance company in Latin America. The company purchased Webster, Massachusetts-based Commerce Insurance Group, a major provider of vehicle insurance, for over €1.5 billion in October 2007. Mapfre was listed in the Fortune Global 500 list on its 2008 edition. Rafael Nadal is officially sponsored by the company. In October 2010, Mapfre acquired British travel insurance provider InsureandGo for an undisclosed sum. In March 2012, Antonio Huertas took over as Mapfre's chairman from José Manuel Martínez, who had held the role since 2001. History Spain * 1933: The Agrupación de Propietarios de Finc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insular Life Historical Marker
Insular is an adjective used to describe: * An island * Someone who is isolated and parochial Insular may also refer to: Sub-national territories or regions * Insular Chile * Insular region of Colombia * Insular Ecuador, administratively known as Galápagos Province * Insular Region (Equatorial Guinea) * Insular Italy * Insular Portugal, comprises the Madeira and Azores Autonomous Regions * Insular Southeast Asia * Insular areas of the United States ** Insular Cases, a series of U.S. Supreme Court decisions in 1901, about the status of U.S. territories acquired in the Spanish–American War ** Bureau of Insular Affairs, a unit of the U.S. government's War Department which administered certain insular areas from 1902 to 1939 ** Office of Insular Affairs, a unit of the U.S. Department of the Interior that oversees federal administration of several insular areas (and the successor to the Bureau of Insular Affairs). ** Insular Government of the Philippine Islands, the U.S. territori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cebu Business Park
Cebu Business Park (CBP) is a 50-hectare master-planned development in Cebu City, Cebu, Philippines. Cebu Holdings, an affiliate of Ayala Land, is currently responsible for the development of Cebu Business Park. Integrating business, residential, sports, recreation and leisure facilities, the centerpiece of the business park is the 9-hectare Ayala Center Cebu shopping mall, which draws 60,000 shoppers daily.Q and A's News Item History In the late 1980s, the provincial government headed by governor Lito Osmeña sold its 45-hectare property used as the |
Makati
Makati ( ), officially the City of Makati ( fil, Lungsod ng Makati), is a 1st class highly urbanized city in the National Capital Region of the Philippines. Makati is the financial center of the Philippines; it has the highest concentration of multinational and local corporations in the country. Major banks, corporations, department stores as well as foreign embassies are based in Makati. The biggest trading floor of the Philippine Stock Exchange used to be situated along the city's Ayala Avenue, before the stock exchange moved their headquarters to the Bonifacio Global City in Taguig. Makati is also known for being a major cultural and entertainment hub in Metro Manila. According to the 2020 census, it has a population of 629,616 people making it as the 17th most populous city in the country and ranked as the 41st most densely populated city in the world with 19,336 inhabitants per square kilometer. Although its population is just above half a million, the daytime populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
