For the second consecutive year, Pioneer Insurance and Surety Corporation has topped the net worth ranking of non-life insurance companies in the Philippines, in accordance with the list published by the Insurance Commission. With a net worth of over P6 billion, Pioneer emerged as No. 1 on the list.

Established in 1954, Pioneer has been in the insurance business for over half a century. Pioneer has two main arms: Pioneer Insurance & Surety Corporation, representing non-life insurance, and Pioneer Life Inc. Pioneer Insurance is one of the top five companies in the Philippines offering non-life coverage that protects businesses in the aviation, marine, cargo, and construction industries, as well as businesses, individuals and their properties in case of fire, general accident, theft and other adverse circumstances. Pioneer Insurance serves clients from 16 branches nationwide. Its office in Hong Kong makes it the only Filipino non-life insurance company actively writing business in China’s Special Administrative Region.

In 2009, Pioneer Insurance generated gross premiums written of close to P2.2 billion. Backed by equity of almost P6 billion and managed assets of nearly P10 billion, Pioneer’s market leadership is highlighted by its strong position across all non-life insurance lines.

In 2010, Euromoney, a leading journal for global financial markets, named the Pioneer Group Best Insurer in Asia and the Philippines. It likewise won two sub-awards in the same annual insurance survey, namely Best Insurer – General Property & Casualty in Asia and Best Insurer – Employer Liability in Asia. It also won Best Insurer in the Philippines in 2009.