1CISP Posts record Growth In 2018

Total assets grew by 65% YoY to P2.57B 

1Cooperative Insurance System of the Philippines (1CISP), the largest cooperative insurer in the Philippines, ended 2018 with a record-high growth in assets, owing to the conducive business environment in the local insurance industry.

In a press briefing held recently led by 1CISP president Roy S. Miclat, he revealed that 1CISP’s total assets as of end-2018 has reached P2.57 billion, a hefty 65% increase from the cooperative’s total assets of P1.55 billion in 2017.  Joining the presentation were Brig. Gen. Teodoro P. Evangelista, Chairperson and 1CISP Directors Imelda S. Magabilen and Sec. Senen Bacani. 

MAPFRE Insular Optimistic for Growth in 2015 with 37.6% Increase in Q1 Production

Starting strong in 2015 with 37.9% growth in total production for all lines and channels on the first quarter of the year compared to the same period of 2014, MAPFRE Insular is optimistic on projection of growth of its business for the year.

The company’s growth in Q1 is attributed in the Fire Insurance line which alone doubled versus its performance in 2014 delivering over 299 million in premiums for the Company. Following Fire Insurance, Casualty and Marine Cargo insurance are the second and third respectively in terms of growth.

2015 is a year of consumer-centric innovation for MAPFRE Insular. Along with continuous brand building and awareness efforts, the Company is focused on becoming the trusted insurance company of choice for the Filipinos by delivering superior and efficient insurance solutions for their different needs.