Philippine British Assurance Company
Philippine British Assurance Company (PhilBritish Insurance) is a privately held Philippine non-life insurer founded in 1960, offering motor, property, marine, engineering, personal accident, health, surety bonds, casualty, and OFW insurance to individuals, SMBs, contractors, and overseas workers via branch offices and agent networks.
- Company typePrivate
- Founded1960
- HeadquartersMakati, Philippines
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Philippine British Assurance Company does
Philippine British Assurance Company Inc. (PhilBritish Insurance) is a privately held, Philippine-domiciled non-life insurance company founded in 1960 by a consortium of British insurance firms (Ker and Co., Sun Insurance Office, Phoenix Assurance, and Union Insurance Society of Canton). The company has been under the control of the Wong Chu King family since 1987 and operates as a single unified insurer across nine core product lines: Motor Car (MotorCare), Property (HomeSafe), Marine Cargo, Engineering, Personal Accident, Accident & Health (PHILBRITISHCARE/Arugang PBAC), Surety Bonds, Miscellaneous Casualty, and Migrant Worker insurance (OFW/Bagong Bayani). Its product set serves individuals, small and medium businesses, contractors, and overseas Filipino workers, with the migrant worker line structured to comply with Republic Act 10022.
The company's underlying technology is conventional non-life insurance infrastructure: a policy administration and claims processing platform with three proprietary service components — a 24/7 roadside assistance dispatch program that auto-enrolls approved private vehicles under 10 years old, a cashless medical availing system with accredited partner clinics and hospitals for PHILBRITISHCARE plans, and an in-house claims adjustment capability enabling direct inspection of property damage claims. No AI/ML capabilities, public APIs, or developer-facing integrations are disclosed. The firm had a data breach in April 2024 requiring partner and customer notification.
PhilBritish earns revenue primarily through recurring and one-time insurance premiums across motor, property, marine, engineering, personal accident, health, bonds, miscellaneous casualty, and migrant worker lines, distributed via a multi-channel GTM: direct sales account officers across branch offices (Makati headquarters plus Binondo, Alabang, Cebu, and Tacloban), a recruited network of licensed and corporate insurance agents paying licensing fees of Php 1,515 and Php 6,060 respectively, and corporate website plus Facebook presence. Customer segments are horizontal and mass-market; no enterprise anchor customers or concentration are disclosed. The company is led by President Rosario W. Cuyegkeng (appointed 1992) and Executive Vice President & COO Ian Cuyegkeng, and underwent a brand refresh from PhilBritish Assurance Corporation (PBAC) to PhilBritish Insurance in 2023.
Philippine British Assurance Company firmographics
Firmographics- Name
- Philippine British Assurance Company
- Legal name
- Philippine British Assurance Company Inc.
- Website
- https://philbritish.com
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Philippine British Assurance Company (PhilBritish Insurance) is a privately held Philippine non-life insurer founded in 1960, offering motor, property, marine, engineering, personal accident, health, surety bonds, casualty, and OFW insurance to individuals, SMBs, contractors, and overseas workers via branch offices and agent networks.
- Ownership category
- akta.pro rank
Philippine British Assurance Company industry classification
Industry- Product category
- Non-Life Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Personal Auto Insurance (FSAJAMAA)
- akta.pro secondary industries
- Travel & Accident (Non-Life) Insurance (FSAJAMAN), General Liability Insurance (FSAJAMAE)
Keywords
Where Philippine British Assurance Company is headquartered
LocationHeadquarters
- HQ city
- Makati
- HQ country
- Philippines
- HQ region
- Asia
Offices5 records
Markets served
Philippine British Assurance Company business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Non-Life Insurance Premiums: Collection of insurance premiums from policyholders for coverage across motor car, property, marine, engineering, bonds, personal accident, accident & health, miscellaneous casualty, and migrant worker insurance products. Premiums are recurring (annual or multi-year policies) and one-time based on policy terms.
- Personal Accident Insurance: Low premium, high coverage personal accident policies with no medical examinations required. Revenue generated through annual or term premiums.
- Marine Cargo Insurance: Coverage for cargo shipped by land, sea or air from seller to buyer premises, generating premiums based on cargo value and risk profile.
- Surety Bonds: Issuance of surety bonds (construction, judicial, license/permit, fidelity) serving as guarantee that principals fulfill obligations. Revenue from bond premiums.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | New Agent Licensing |
| One time/ perpetual license | Multi-year contract | Corporation Insurance Agency |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Philippine British Assurance Company product offering
Product offeringCore offering
Philippine British Assurance Company Inc. (PhilBritish Insurance) is a private non-life insurance company that underwrites and sells nine general insurance product lines: motor car, property, marine, engineering, personal accident, accident & health, bonds, miscellaneous casualty, and migrant worker insurance. The company distributes these products under sub-brands such as MotorCare (auto), HomeSafe (property), and PHILBRITISHCARE (health) to both individual consumers and businesses across the Philippines.
Product overview
Philippine British Assurance Company is a privately-owned non-life insurance company established in 1960, offering a comprehensive portfolio of insurance products across multiple categories. The company operates as a single unified insurance platform with nine core product lines: Motor Car Insurance (MotorCare), Property Insurance (HomeSafe), Personal Accident Insurance, Accident & Health (PHILBRITISHCARE/Arugang PBAC), Marine Insurance, Engineering Insurance, Miscellaneous Casualty Insurance, Bonds (Surety Bonds), and Migrant Worker Insurance. These products serve individual, commercial, and corporate clients throughout the Philippines via branch offices and agency distribution channels.
Differentiator
Problem solved
Functional benefit
Brands
- PHILBRITISHCARE: Health insurance product offering hospital confinement, outpatient consultation, emergency benefit, physical examination, and dental benefit.
- MOTORCARE
- HOMESAFE
Products and services
- MotorCare (Motor Car Insurance) Motor car insurance for individual vehicle owners in the Philippines, providing coverage against motor vehicle damage, third-party liability, and related risks under the MotorCare sub-brand.
- HomeSafe (Property Insurance) Property insurance for residential and commercial property owners, covering fire and allied perils under the HomeSafe sub-brand.
- Personal Accident Insurance Personal accident insurance for individuals, providing accidental death, dismemberment, and related benefits.
- PHILBRITISHCARE (Accident & Health Insurance) Accident and health insurance products marketed under the PHILBRITISHCARE sub-brand, providing medical and accident coverage for individuals and families.
- Marine Insurance Marine cargo and hull insurance for businesses shipping or transporting goods by sea, and for owners of marine vessels.
- Engineering Insurance Engineering insurance covering construction, erection, and project-related risks for contractors, project owners, and infrastructure developers.
- Bonds (Surety Insurance) Surety bonds for businesses needing statutory, contractual, and performance bonds required by counterparties and regulators.
- Miscellaneous Casualty Insurance Miscellaneous casualty insurance covering liability and other residual non-life risks not captured in the main product lines.
- Migrant Worker Insurance Insurance coverage for overseas Filipino workers, providing protection during overseas deployment including accident and related risks.
Quantifiable outcome
- 21 branch locations nationwide serving customers across Philippines
- +2 more outcomes
Companies that use Philippine British Assurance Company
Customer profileSegments6 records
Ideal customer profiles2 records
Philippine British Assurance Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Philippine British Assurance Company partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Insurance Agent PartnerscoreNetwork of licensed and non-licensed insurance agents recruited through a formal partnership program. New agents pay licensing fee of Php 1,515.00 and must provide IC Non-Life Exam Result, SSS number, Government ID, and other documentation. Existing agents from other non-life insurance companies require clearance. Corporations can also become agency partners for Php 6,060.00 agency fee.
Scale indicators7 records
Recent moves8 records
Expansion highlights4 records
Philippine British Assurance Company competitors and assessment
Company assessmentDirect peers
- Malayan Insurance Co., Inc. The largest non-life insurance company in the Philippines, offering motor, property, marine, casualty, surety, and personal accident lines through a multi-branch and agency model — the most direct mid-to-large scale competitor to PhilBritish across virtually the same product set.
- Charter Ping An Insurance Corporation: Major Philippine non-life insurer providing motor, fire, marine, engineering, casualty, and personal accident coverage to individuals and corporations — directly comparable product portfolio and distribution model, with a stronger bancassurance relationship.
- MAPFRE Insular Insurance Corporation: Joint venture between MAPFRE (Spain) and Filipino partners offering non-life insurance products across motor, property, marine, engineering, casualty, and bonds — a comparable diversified non-life insurer with international backing serving the Philippine market.
- Pioneer Insurance & Surety Corporation: Philippine non-life insurer writing motor, fire, marine, bonds, engineering, casualty, and personal accident lines, with a strong surety bond franchise — a like-for-like competitor for PhilBritish's bonds and miscellaneous casualty offerings.
- FPG Insurance Co., Inc. Mid-sized Philippine non-life insurer offering motor, fire, marine, personal accident, and miscellaneous casualty products through branches and agents — a closely comparable mid-market peer in product mix and channel strategy.
- Standard Insurance Co., Inc. Established Philippine non-life insurance company providing motorcar, fire, marine, bonds, and personal accident coverage — directly competes with PhilBritish across personal and commercial lines with overlapping agent-driven distribution.
- Prudential Guarantee & Assurance, Inc. Philippine non-life insurer offering surety bonds, motor, property, marine, casualty, and personal accident products — comparable in scale and product breadth, with overlapping contractor and SME surety bond clientele.
- BPI/MS Insurance Corporation: Joint venture between Bank of the Philippine Islands and Mitsui Sumitomo Insurance offering motor, property, marine, casualty, and personal accident coverage with bancassurance distribution — comparable diversified non-life carrier with stronger bank-channel reach.
- Cocolife Insurance: Philippine insurer providing life, accident & health, and non-life products including motor and personal accident — a comparable Filipino player with overlapping accident & health and personal accident offerings.
- Stronghold Insurance Company, Inc. Philippine non-life insurer writing motor, fire, marine, bonds, casualty, and personal accident products with branch and agent distribution — a smaller-scale but directly comparable competitor in the same domestic non-life market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Philippine British Assurance Company social profiles
Digital presencePhilippine British Assurance Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Philippine British Assurance Company leadership team
Management profileNumber of profiles
Profiles2 records
Philippine British Assurance Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Philippine British Assurance Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Philippine British Assurance Company
What does Philippine British Assurance Company do?
Philippine British Assurance Company Inc. (PhilBritish Insurance) is a private non-life insurance company that underwrites and sells nine general insurance product lines: motor car, property, marine, engineering, personal accident, accident & health, bonds, miscellaneous casualty, and migrant worker insurance. The company distributes these products under sub-brands such as MotorCare (auto), HomeSafe (property), and PHILBRITISHCARE (health) to both individual consumers and businesses across the Philippines.
Is Philippine British Assurance Company a public or private company?
Philippine British Assurance Company is a private company. It is classified as family owned and is currently operating.
When was Philippine British Assurance Company founded?
Philippine British Assurance Company was founded in 1960. It employs 51 to 100 people.
Where is Philippine British Assurance Company based?
Philippine British Assurance Company is headquartered in Makati, Philippines, in the Asia region.
How does Philippine British Assurance Company make money?
Four revenue lines are on record. Non-Life Insurance Premiums are the primary driver. The others are personal Accident Insurance, marine Cargo Insurance and surety Bonds.
Who are Philippine British Assurance Company's main competitors?
Direct peers on record are Malayan Insurance Co., Inc., Charter Ping An Insurance Corporation, MAPFRE Insular Insurance Corporation, Pioneer Insurance & Surety Corporation, FPG Insurance Co., Inc., Standard Insurance Co., Inc., Prudential Guarantee & Assurance, Inc., BPI/MS Insurance Corporation, Cocolife Insurance and Stronghold Insurance Company, Inc..
Does Philippine British Assurance Company have an API?
No public API is recorded for Philippine British Assurance Company.
What industry is Philippine British Assurance Company in?
Philippine British Assurance Company's product category is Non-Life Insurance. Its primary akta.pro industry code is FSAJAMAA, Personal Auto Insurance, with a secondary code of FSAJAMAN, Travel & Accident (Non-Life) Insurance. Its NAICS code is 524126 and its SIC code is 6331.