Our products vary from allied perils and motor car insurance to personal accident and bonds and surety. Alpha Insurance & Surety Company Inc., (AISCI), established on May 13, 1957, is a domestic non-life insurance company in the country. It is a 100% Filipino-owned company currently operating under Certificate of Authority No. 2022/27-R, granted by the Insurance Commission with validity until Dece
mber 31, 2024, and with a license as a Surety Company under Administrative Order No. 244, approved by the president of the Republic of the Philippines. Previously, Alpha Insurance was part of a huge conglomerate that led and pioneered the steel industry in the Philippines. Back then, the Company primarily served the insurance needs of its parent company, the Jacinto Group, and its subsidiaries. For more than two decades, the Company being under the stewardship and new management of the Remo family, has grown steadily and become a force to reckon with in the industry having established its niche in Motor Car insurance and Surety lines. The management’s expertise in operational and financial management has levelled up the company’s operations resulting to remarkable growths in the following areas;
As of 2021, the number of employees is nearly 400 from merely 12 employees; the business has expanded to the key and strategic cities in the country with the establishment of 62 branches and 5 service offices from a lone office in Makati way back in 1999. Out of the company’s meagre assets of P30.4 million in 1999, it has risen to P 2.6 billion in 2021 or has grown by 8,586%. As the non-life industry is highly imbued with public interest, one of its indicators of stability is the paid-up capitalization. The Company has become one of the highest capitalized insurance providers in 2019 by clinching the 10th rank amidst 58 competitors in the industry. The Company is now a force to be reckoned with in the industry, with a dynamic and growing roster of 500 licensed agents, good claim settlement record, sustaining the public’s trust and confidence, with a recognized brand of service that catapulted the Company to be the recipient of the Global Brand Award – the Annual Consumers Choice Award in 2014. As the Company continues to soar to this day, Mr. Remo, Jr’s commitment to his calling as an insurance advocate has further inspired him to venture into microinsurance and thus included it as the latest addition to the expanding product offering of the company in 2021. Notably, the Company espouses the value of alleviating the risks being encountered by the marginalized sector and generally uplifting the lives of the Filipinos through microinsurance in times of life’s challenges, death and property loss. Consequent to his role of being a seasoned and an insurance expert, Mr. aspires to offer affordable accident insurance coverage and make them available through the company’s expanding distribution channels nationwide. Today, Alpha Insurance remains unstoppable and continues to achieve series of triumphs and victories by helping people become more economically viable and financially sound through its fast, equitable and fair settlement of claims
Alpha Insurance & Surety Company Inc., continues to consistently register significant growth in its market share and showing remarkable increases in sales and in assets all these years. The Company’s best practices and the entrepreneurial skills have sustained and resulted to a steady and solid business operation even during the recent pandemic and led to a continuous growth trajectory in the Company’s key performance indicators as well. As of 2021, the Company has registered Gross Premiums Production of 1.224 Billion; its total assets have soared to 2.640 Billion, while its Net Worth has climbed to 1.751 Billion. Our Mission
The Company is committed to provide innovative insurance products through a highly motivated professional team utilizing the best and latest technology with the end in view of satisfying Customers and creating Stakeholders’ value. Our Vision
To be amongst the top 7 non-life insurance companies in terms of profitability by 2028.
