Mercantile Insurance Co., Inc

What Mercantile Insurance Co., Inc does

Mercantile Insurance Co., Inc is a private, for-profit non-life insurance carrier headquartered in Manila, Philippines, founded in 1962 and operating with a workforce of 51–100 employees as of the latest available data. Its functional specialization, per its short description, is the underwriting of travel insurance, marine transport insurance, and accidental insurance — three lines that together represent a niche within the broader Philippine general insurance market. Marine transport coverage in particular serves the country's shipping and import-export activity, while travel and accident products serve both individual policyholders and corporate buyers arranging coverage for traveling employees or transient risks. The firm is privately held with no parent company, no public ticker, and no disclosed subsidiary structure in the supplied records.

The company's revenue mechanics and product architecture are not documented in the available input beyond the line-of-business taxonomy above. No pricing models, distribution channels, technology stack, partnerships, or named customer relationships are reported in the source content, which is dominated by placeholder/verification pages rather than substantive disclosure. This means the business model — whether direct-to-consumer, intermediated through brokers and agents, or a mix of both — cannot be specified from the data, and the underlying underwriting, claims, and policy-administration technology is likewise not characterized. The firm's principal website (mercantile.ph) returned only a verification placeholder rather than accessible product or pricing content at the time of data collection.

Given the 51–100 employee scale and 60+ years of operating history, the company appears to occupy an established small-to-mid niche position within the Philippine non-life insurance sector rather than competing as a top-tier national carrier. The absence of disclosed M&A, funding, leadership change, and product launch data in the input means that contemporary strategic activity cannot be assessed from this dataset. The data gap is material and constrains any investment-grade interpretation to firmographic anchors alone: line of business, location, founding year, and headcount band.

Name

Mercantile Insurance Co., Inc

Legal name

Mercantile Insurance Co., Inc

Website

https://mercantile.ph

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

51–100 employees

Short description

Mercantile Insurance Co., Inc is a privately held Philippine non-life insurance carrier, founded in 1962 and headquartered in Manila, that underwrites travel, marine transport, and accident insurance products for individual and commercial policyholders.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)

Keywords

• Travel insurance
• Marine insurance
• Accident insurance
• Transport insurance
• General insurance

Headquarters

HQ city

Manila

HQ country

Philippines

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Core offering

Mercantile Insurance Co., Inc provides insurance products covering travel, marine transport, and accidental risks. The company underwrites and delivers these insurance policies to customers, serving as a traditional insurance provider based in Manila, Philippines. Founded in 1962, it operates with a workforce of 51-100 employees serving the Philippine market.

Differentiator

Problem solved

Functional benefit

Products and services

• Travel Insurance

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• FPG Insurance Co., Inc. Federated Philippine General Insurance is a Manila-based non-life carrier writing marine cargo, personal accident, and other specialty lines, closely mirroring Mercantile's portfolio and distribution model.
• Pioneer Insurance & Surety Corporation: Philippine non-life insurer offering marine, travel, accident, and other specialty lines — directly comparable product set, customer base, and regulatory environment to Mercantile Insurance.
• Standard Insurance Co., Inc. Long-standing Philippine non-life insurer covering marine, accident, and travel-adjacent lines, with comparable scale and broker-driven distribution.
• Asia Insurance (Philippine) Corporation: Philippine general insurer writing marine cargo, personal accident, and travel-related coverage — directly comparable in product mix and target SME/corporate customers.
• Stronghold Insurance Company, Incorporated: Manila-based non-life carrier with overlapping marine, accident, and miscellaneous specialty lines serving the same Philippine broker channel as Mercantile.
• Federal Phoenix Assurance Co., Inc. Domestic Philippine non-life insurer with similar specialty mix and broker-driven distribution to Mercantile, serving overlapping Manila-based corporate and individual customers.

Broad incumbents

• Prudential Guarantee and Assurance, Inc. Established Philippine non-life carrier with diversified product lines including marine and accident; competes with Mercantile in overlapping specialty segments while serving a broader customer base.
• MAPFRE Insular Insurance Corporation: A larger, MAPFRE-affiliated Philippine non-life insurer with a much broader portfolio; competes with Mercantile in marine and accident lines but offers motor, fire, and other coverages as well.

Emerging players

• Allianz Travel Insurance: Global travel-insurance specialist competing for the same outbound/inbound Filipino traveler premiums, with deeper capital and digital distribution that press on Mercantile's travel line.
• AIG Travel: International travel-insurance provider with global brand recognition and corporate travel partnerships; competes for premium share in the Philippines travel segment that Mercantile serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mercantile Insurance Co., Inc