History

Celebrating a quarter-century of service, MAAGAP is now strategically positioning itself as a digitally-driven insurer with a strong global backing.

Got acquired by Triple P Philippines Pte Ltd., a consortium of Triple P Insurance Holdings Pte. Ltd., IFC of the World Bank, BIO of Belgium, FinnFund of Finland, and DEG of Germany.

Following this acquisition, the company now operates as MAAGAP Insurance Inc., emphasizing a modern, agile, and fast approach, as hinted by the name “Maagap”, which means being proactive in Filipino.

Became a signatory of the United Nations’ Principles for Sustainable Insurance, aligning operations with glo

Complied with the PhP 1.3 billion minimum net worth requirement of the Amended Insurance Code of the Philippines, attesting the company’s growing financial strength.

Landed on the list of Top 5 Non-Life Insurers for Corporate Governance Practices.

Successfully secured its recertification of the ISO 9001:2015, reinforcing its commitment to quality management systems, making the company one of only six ISO-Certified Non-life Insurance Companies in the Philippines.

Further expanded its reach from south to north by opening branches in Cagayan de Oro and Bulacan

On its 5th anniversary, was awarded the ISO 9001:2000 Certificate of Excellence in Quality Management by Certification International, showing its adherence to globally accepted quality management standards.

Launched its first branch in Binondo, Manila in February and inaugurated the Cebu branch five months later, marking the beginnings of a nationwide expansion.

MAAGAP Insurance Inc. (formerly MAA General Assurance Philippines Inc.) started its operations under its then-parent company MAA International Group Ltd (MAAIG), an offshore arm of MAA Holdings Berhad in Kuala Lumpur, Malaysia.