CLIMBS Life and General Insurance

Name

CLIMBS Life and General Insurance

Website

https://website.climbs.coop

Company type

Private

Founded year

1971

Headcount range

251–500 employees

Short description

CLIMBS Life and General Insurance is a Philippine cooperative-structured insurer founded in 1971 that provides life and non-life (general) insurance products, CAC exclusives, InsurTech solutions, and online systems to cooperative and member-based customers across the Philippines.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Life Insurance Carriers (524113), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Life Insurance (6311), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Nonprofit / Social Services BOP (FSAJAFAM)

Keywords

• Life insurance products
• Non-life insurance
• InsurTech solutions
• Online insurance systems
• Cooperative insurance

Headquarters

HQ city

Cagayan De Oro City

HQ country

Philippines

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Core offering

CLIMBS Life and General Insurance underwrites and distributes life insurance and non-life (general) insurance products to individuals and members in the Philippines. In addition to traditional life and general insurance lines, the company offers CAC exclusives and InsurTech-enabled online systems to support policy issuance, servicing, and digital distribution. Operations are anchored from its headquarters in Cagayan de Oro City under a cooperative-style entity structure.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Insurance Products Underwritten life insurance coverage offered to individual policyholders and members, providing financial protection tied to life risk. Offered by a Philippine-domiciled insurance cooperative-registered entity.
• Non-Life (General) Insurance Products General (non-life) insurance policies covering non-life risks, offered alongside the company's life insurance portfolio to customers in the Philippines.
• CAC Exclusives CAC-branded exclusive offerings as referenced in the company's official short description, positioned as part of its overall insurance product portfolio; specific product scope and eligibility are not detailed in the source.
• InsurTech and Online Insurance Systems InsurTech-enabled digital and online systems used by the company to support insurance operations and customer-facing policy administration, as referenced in its official short description.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Regional players

• Maxicare Healthcare Corporation: Philippine health maintenance organization; relevant adjacent peer for the health-insurance segment that CLIMBS offers, though operating primarily on an HMO rather than insurance-underwriting basis.

Broad incumbents

• Insular Life Assurance Company: One of the largest established Filipino life insurers with a broader portfolio and distribution footprint; overlaps with CLIMBS in life and group products but at meaningfully greater scale.
• Sun Life Philippines (Sun Life Grepa Financial): Philippine arm of one of the largest life insurance groups globally; broad product suite and large agency network create scale advantages versus CLIMBS in the same end market.
• Manulife Philippines: Global insurance group's Philippine operation offering life and retirement products; competes with CLIMBS in the life segment with materially larger capital and brand recognition.
• Pru Life Insurance Corporation of UK: Major international life insurer's Philippine affiliate; competes with CLIMBS in life and investment-linked products with substantially larger distribution and capital.

Direct peers

• Asian Life and General Assurance Corporation: Philippine-based multi-line life and general insurance carrier with comparable mid-market positioning; directly competes in the same regulatory regime and customer segments as CLIMBS.
• Cocolife: Another major Filipino cooperative-affiliated life and general insurer; comparable multi-line product mix, cooperative ownership structure, and Philippine-market distribution model make it the closest direct peer to CLIMBS.
• Paramount Life and General Insurance: Filipino life and non-life insurer operating across individual and group lines with similar scale; product portfolio and target market closely overlap with CLIMBS.
• Manila Bankers Life Insurance Corporation: Philippine mid-market life insurance carrier with comparable scale and distribution focus; serves overlapping customer segments and competes in similar regulatory and economic conditions.

Emerging players

• CARD Pioneer Microinsurance: Filipino microinsurance provider affiliated with the CARD microfinance cooperative network; competing entry-level life and microinsurance products overlap with CLIMBS's cooperative-driven distribution.

Market position

Customer concentration

• Xx.com/climbsofficial
• LinkedInlinkedin.com/company/climbsofficial

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 CLIMBS Life and General Insurance