What are the licensed CTPL insurance companies in the Philippines?
What are the licensed CTPL insurance companies in the Philippines?
Here is the list of licensed Insurance Companies in the Philippines:
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Pioneer Insurance & Surety Corporation
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Malayan Insurance Company, Inc.
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BPI/MS Insurance Corporation
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AIG Phil. Ins. Company (Chartis Phils., Inc.)
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Philippines’ First Insurance Co., Inc.
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Cibeles Insurance Corporation
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Charter Ping An (Phil Charter Ins. Corp)
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Standard Insurance Company, Inc.
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Alliedbankers Insurance Corporation
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Starr International Insurance Phils., Branch
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Mapfre Insular Insurance Corporation
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Philam Life and Gen. Insurance Company
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Prudential Guarantee and Assurance Inc.
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Bankers Assce. (Malayan Zurich)
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First Nationwide Assurance Corporation
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BF General Insurance Company, Inc.
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Blue Cross Insurance, Inc.
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UCPB General Insurance Company, Inc.
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Perla Companie de Seguros, Inc.
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QBE Seabord Insurance Phils, Inc.
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Stronghold Insurance Company, Inc.
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Commonwealth Insurance Company
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Pioneer Intercontinental Inc. Company
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Asia Insurance Corp.
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Insurance Company of North America
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Pioneer Asia Insurance Corporation
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Plaridel Surety & Insurance Company
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Reliance Surety & Insurance Company
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United Insurance Company, Inc.
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Sterling Insurance Company
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Corporate Guarantee and Insurance Company, Inc.
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People’s General Insurance Corporation
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Federal Phoenix Assurance Company, Inc.
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MAA General Assurance Philippines, Inc.
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Petrogen Insurance Corporation
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Empire Insurance Company
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Alpha Insurance and Surety Company, Inc.
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Liberty Insurance Corporation
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Centenial Guarantee Assurance Corporation
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PGA Sompo Japan Insurance, Inc.
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Manila Surety & Fidelity Company Inc.
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Mercantile Insurance Company, Inc.
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Philippine British Assurance Company, Inc.
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Pacific Union Insurance Company
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Monarch Insurance Company, Inc.
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Paramount Life and Gen. Ins. Corp.
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Investors Assurance Corporation
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Western Guaranty Corporation
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Visayan Surety & Insurance Corporation
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Fortune General Insurance Corporation
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Intra-Strata Assurance Corporation
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New India Assurance Company, Ltd.
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Country Bankers Insurance Corporation
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AFP General Insurance Corporation
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Great Domestic Insurance Company of the Philippines, Inc.
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First Integrated Bonding & Insurance Co., Inc.
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Premier Insurance and Surety Corporation
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Republic Surety and Insurance Company, Inc.
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Milestone Guaranty and Assurance Corporation
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Security Pacific Assurance Corporation
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Meridian Assurance Corporation
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R&B Insurance Corporation
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Asia United Insurance, Inc.
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Far Eastern Surety & Insurance Company, Inc.
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Solid Guaranty Inc.
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Travellers Insurance & Surety Corporation
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Metropolitan Insurance Company
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Northwest Insurance & Surety Company, Inc.
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FLT Prime Insurance Corporation
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Philippine Fire and Marine Insurance Corp.
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PNB General Insurers Company, Inc.
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CLIMBS Life and General Inc.
Beware! There are fly by night companies offering Compulsory Third Party Liability (CTPL) in LTO. Unsuspicious motorist may simply just buy a CTPL from a person or company to speed up the car registration process without ensuring its legal existence. Some Filipinos think that whether fake or not, the most important thing is that they were able to show a Certificate of Cover and be allowed to register and complete the registration process. This is not the case, as when the need arise that you accidentally hit a person, you will simply be faced with a fake insurance coverage and will be shelling out hundreds of thousands just because your CTPL is fake.
https://www.ecomparemo.com/car-insurance/coverages-and-claims/compulsory-third-party-liability
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