Malayan Insurance Co. has credited its strong affiliation with the Yuchengco Group of Companies (YGC), advanced analytics, and robust underwriting practices for its continued top-tier performance the past two years.
As of December 2024, the company reported a rise in net premiums written (NPW) to P5.36 billion from P4.78 billion the previous year. Although gross premiums written saw a slight dip to P15.07 billion from P15.4 billion, Malayan retained its high industry ranking for the second consecutive year.
Chief underwriting officer Adelo A. Abeleda highlighted that Malayan’s growth is driven by both internal strengths—such as strategic risk selection and YGC-backed distribution networks—and favorable external conditions, including the expansion of the Philippine insurance industry.
Abeleda said the insurer’s stability is underpinned by financial strength and disciplined underwriting, noting that rising NPW reflects its capacity to serve a larger volume of policyholders while maintaining reliability.
The company has also enhanced its risk evaluation capabilities using advanced tools like Moody’s RMS Risk Modeler, positioning itself to navigate challenges such as economic uncertainty, climate change, and cybersecurity threats.
Looking ahead, Abeleda emphasized Malayan’s focus on data-driven underwriting, disciplined risk selection, and strong partnerships as key to maintaining its competitive edge.
Celebrating its 95th anniversary this year, Malayan Insurance remains one of the country’s leading non-life insurers.
