What FPG Insurance does

FPG Insurance Co., Inc. is a Philippine non-life insurance provider founded in 1958 and headquartered at the Zuellig Building in Makati City. Following the 2025-2026 merger with The Mercantile Insurance Co., Inc., the company now operates as FPG Mercantile Insurance Co., Inc. under the Zuellig Group umbrella, with over 700 employees, 24 nationwide branches, and an estimated PHP 10 billion combined Gross Written Premium that places the combined entity among the top 4 Philippine non-life insurers.

The company's product portfolio spans consumer lines (motor, travel, personal accident, home) under the "My Mate" sub-brand family and corporate lines (motor fleet, surety bonds, financial lines, marine, casualty, business travel, property, and engineering). Distribution is omnichannel: direct-to-consumer through ph.fpgins.com (online quotation, policy validation, web payment), phone sales via a dedicated customer care hotline, the 24-branch physical network, a licensed agent force, and broker partnerships with major international and local brokers servicing corporate accounts.

Revenue is generated primarily through insurance premiums collected from policyholders across all product lines, with CTPL pricing publicly disclosed (PHP 300-1,500 for one-year coverage depending on vehicle type) and other lines priced via risk-based quotation. Supporting technology includes an online quotation system, web payment facility (payments.fpgmercantile.com), a claims portal (ph-portal.fpgins.com), 24/7 roadside assistance via a partnership with Pacifico, and the SAM customer service chatbot. The combined entity is regulated by the Philippine Insurance Commission and holds a Certificate of Authority through 2025-2027.

Name

FPG Insurance

Legal name

FPG Insurance Co., Inc.

Website

https://ph.fpgins.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

251–500 employees

Short description

FPG Insurance is a Philippine non-life insurance provider founded in 1958, now operating as FPG Mercantile Insurance Co., Inc. following its 2026 merger with Mercantile Insurance. It offers consumer and corporate insurance products through 24 branches, digital channels, agents, and brokers across the Philippines.

Ownership category

akta.pro rank

Product category

Non-Life Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)

akta.pro primary industry

Travel & Accident (Non-Life) Insurance (FSAJAMAN)

akta.pro secondary industries

Commercial General Liability (CGL) (FSAJADAA), Directors & Officers (D&O) Liability (FSAJADAF), Product Liability (FSAJADAC), Individual AD&D Insurance (Direct-to-Consumer) (FSAIALAC)

Keywords

• Non-life insurance
• Motor insurance
• Personal accident insurance
• Surety bonds
• Marine cargo insurance

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices20 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: FPG Insurance generates revenue through collection of insurance premiums from policyholders across all insurance product lines including motor, travel, personal accident, home, casualty, marine, engineering, surety bonds, and financial lines. Premiums are collected through various channels including online payments, bank bills payment, and branch offices.
2. Combined GWP: The merged entity FPG Mercantile Insurance has an estimated combined Gross Written Premium (GWP) of PHP 10 billion, positioning it among the top 4 insurance companies by GWP in the Philippine non-life insurance sector.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

FPG Insurance underwrites and distributes non-life insurance products for individual consumers (motor, travel, personal accident, home) and for corporate clients (motor fleet, surety bonds, financial lines, marine, casualty, business travel, property, engineering). Policies are sold online, over the phone, or through branches and intermediary agents and brokers, with premiums collected as one-time CTPL fees or recurring annual subscriptions.

Product overview

FPG Insurance offers a comprehensive portfolio of insurance products organized into consumer and corporate segments. Consumer products include motor insurance (MyAuto Mate, MyCTPL Mate), travel insurance (MyTravel Mate International/Domestic), personal accident insurance (MyCyclingClub Mate, MyMotoClub Mate, MyProtection Mate, MySchool Mate, MyPAP Mate, ORANGE CIRCLE), and home insurance (MyBusiness Mate, MyCondo Mate for owners and renters, MyHome Mate for homeowners and renters). Corporate offerings include Motor Fleet insurance, Surety Bonds (Bidder's Bond, Performance Bond, Surety Bond Down Payment), Financial Lines (Directors & Officers Liability, Professional Liability/Indemnity), Marine insurance (Marine Cargo, Annual Policy, Goods In Transit, Marine Open Policy, Single Shipment Policy, Stock Throughput Policy), Casualty insurance (Comprehensive General Liability, Comprehensive Personal Liability, Employers Liability, Event Liability, Excess Auto Liability, Fidelity Guarantee, Money/Securities/Payroll, Products Liability, Professional Liability, Scheduled Property Floater), Business Travel, Property (Business Shield Plus), and Engineering (Contractor's All Risks, Erection All Risks, Electronic Equipment). The company operates primarily as a digital-first insurance provider offering online quotes, policy management, and claims processing through its web platform.

Differentiator

Problem solved

Functional benefit

Brands

• MyAuto Mate: Comprehensive motor insurance protection against total or partial loss due to impact collision, overturning, sliding, fire and theft.
• MyCTPL Mate
• MyTravel Mate International
• MyTravel Mate Domestic
• MyCyclingClub Mate
• MyMotoClub Mate
• MyProtection Mate
• MySchool Mate
• MyPAP Mate
• Orange Circle
• MyBusiness Mate
• MyCondo Mate
• MyHome Mate

Products and services

• Motor Insurance Comprehensive motor vehicle insurance (MyAuto Mate) covering total or partial loss due to impact, collision, overturning, fire, and theft, plus Compulsory Third Party Liability (MyCTPL Mate) covering bodily injury or death liability to third parties. Includes 24/7 roadside assistance for towing, battery boosting, flat tire replacement, emergency fuel delivery, and locksmith services. For individual vehicle owners and fleet operators.
• Travel Insurance Travel insurance covering international trips (Europe, Asia, or worldwide) and domestic travel within the Philippines for medical emergencies, trip disruptions, and related travel risks. For individual travelers and corporate travelers on business trips.
• Personal Accident Insurance Personal accident insurance covering bodily injury from accidents, including specialized group policies for cyclists (MyCyclingClub Mate) and motorcycle riders (MyMotoClub Mate) with worldwide 24/7 coverage, student-focused coverage (MySchool Mate), low-cost personal accident protection (MyPAP Mate), general personal accident (MyProtection Mate), and a women-focused product (Orange Circle). For individual consumers and group/clubs.
• Home Insurance Property insurance for homeowners (MyHome Mate), home renters, condominium owners (MyCondo Mate), condominium renters, and small business premises (MyBusiness Mate). Coverage includes building, contents, additional protections, personal liability up to PHP 200,000, accidental death benefits, and medical reimbursement. For individuals and small business owners.
• Motor Fleet Insurance Fleet motor insurance providing consolidated coverage and management for businesses with multiple vehicles. For corporate and SME fleet operators.
• Surety Bonds Surety bonds including Bidder's Bond (covering bid submissions in procurement), Performance Bond (guaranteeing contractual performance obligations), and Surety Bond Down Payment (covering down payment requirements). For contractors and businesses participating in tenders and contract execution.
• Financial Lines Insurance Financial lines insurance including Directors & Officers Liability (protecting corporate directors and officers from liability claims) and Professional Liability/Indemnity (errors and omissions coverage for professional negligence). For corporate clients, executives, and professionals.
• Marine Insurance Marine insurance covering cargo shipments during transit (Marine Cargo), annual marine policies for regular shippers, goods in transit across transportation modes, open marine policies for frequent shippers with blanket coverage, single shipment policies, and stock throughput coverage from raw materials to finished goods. For importers, exporters, shippers, manufacturers, and logistics operators.
• Casualty Insurance Casualty insurance covering Comprehensive General Liability, Comprehensive Personal Liability, Employers Liability (workplace injury claims), Event Liability, Excess Auto Liability (above primary auto limits), Fidelity Guarantee (employee dishonesty and embezzlement), Money/Securities/Payroll Insurance, Products Liability, Professional Liability, and Scheduled Property Floater (high-value listed business property). For businesses, event organizers, professionals, and property owners.
• Business Travel Insurance Corporate travel insurance covering employees on business trips. For corporate clients with traveling employees.
• Property Insurance (Commercial) Comprehensive commercial property insurance (Business Shield Plus) for commercial businesses protecting business premises and assets. For commercial property owners and businesses.
• Engineering Insurance Engineering insurance including Contractor's All Risks (covering all risks during building and construction projects), Erection All Risks (equipment installation and erection projects), and Electronic Equipment Insurance (against breakdown and damage). For contractors, project owners, and businesses with electronic equipment exposure.

Quantifiable outcome

• Combined GWP of PHP 10 billion positioning entity among top 4 non-life insurers

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Ayala Land Inc.minorGTM or Marketing Partner · 25 June 2023FPG Insurance partnered with Ayala Land Inc. for the 2023 Green Run marathon event. This partnership aligns with FPG Insurance's commitment to supporting sustainability initiatives and community engagement. The event promoted environmental responsibility and healthy lifestyles.

Scale indicators5 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Malayan Insurance Co., Inc. The leading non-life insurance company in the Philippines, offering motor, fire, marine, casualty, and surety lines through a comparable multi-channel model. It is the most direct scale competitor to FPG Mercantile within the same domestic market.
• Pioneer Insurance & Surety Corporation: Major Philippine non-life insurer offering motor, property, marine, casualty, and surety products. Directly comparable to FPG in product breadth and target segments, including consumer and corporate clients.
• Charter Ping An Insurance Corporation: Top Philippine non-life insurer with motor, fire, marine, engineering, and casualty lines. Comparable to FPG in scale, geographic reach across the Philippines, and product mix including D&O and surety.
• Standard Insurance Co., Inc. Established Philippine non-life insurer competing in motor, property, marine, and casualty lines. Comparable to FPG as a domestic multi-line insurer serving both individual and corporate customers.
• Prudential Guarantee & Assurance, Inc. Philippine non-life insurer offering motor, fire, marine, casualty, and engineering products. Comparable to FPG in scale, distribution (branches plus agents), and product portfolio.

Broad incumbents

• AXA Philippines: Global insurer with a Philippine general insurance arm offering motor, property, travel, and personal accident products. Comparable to FPG as a broad incumbent with overlapping consumer product lines.
• MSIG Insurance (Philippines), Inc. Subsidiary of MS&AD Insurance Group offering motor, fire, marine, engineering, and casualty coverage in the Philippines. Comparable to FPG as a multinational broad incumbent serving consumer and corporate segments.
• MAPFRE Insular Insurance Corporation: Philippine non-life insurer affiliated with global MAPFRE group, offering motor, property, marine, and casualty lines. Comparable to FPG as a broad incumbent with international backing.
• BPI/MS Insurance Corporation: Joint venture between Ayala-led BPI and Mitsui Sumitomo Insurance offering non-life products through bank distribution. Comparable to FPG for its strong bancassurance and corporate reach in the Philippines.

Emerging players

• Cebuana Lhuillier Insurance Solutions (weEnsure): Emerging Philippine microinsurance provider distributing simple motor and personal accident products through a vast pawnshop/branch network. Comparable to FPG as an emerging distribution-led challenger targeting underinsured consumers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/fpginsurance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

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 FPG Insurance