How to choose
Pick the insurer by the cover you need. Each rule names the companies whose own product page lists that cover, largest first; the quoted words are theirs.
- Choose Pioneer Insurance, Malayan Insurance, FPG Mercantile, BPI MS (or 31 more in the table) if you need car or motorcycle insurance. Pioneer Insurance: “Motor (Personal)” · Malayan Insurance: “Vehicle Insurance” · FPG Mercantile: “MotorReady (Motorcar Comprehensive)” · BPI MS: “Comprehensive Motor Insurance”
- Choose FPG Mercantile, BPI MS, Standard Insurance, Oona (or 3 more in the table) if you need the CTPL cover required to register a vehicle. FPG Mercantile: “CTPLReady” · BPI MS: “Compulsory Third Party Liability” · Standard Insurance: “CTPL Cover” · Oona: “CTPL Insurance”
- Choose Pioneer Insurance, Malayan Insurance, FPG Mercantile, Standard Insurance (or 10 more in the table) if you need travel insurance. Pioneer Insurance: “Travel” · Malayan Insurance: “Travel Insurance” · FPG Mercantile: “TravelReady (International / Local)” · Standard Insurance: “Travel Protect”
- Choose Pioneer Insurance, Malayan Insurance, FPG Mercantile, BPI MS (or 32 more in the table) if you want to insure a house, condo or its contents. Pioneer Insurance: “Residential Property” · Malayan Insurance: “Property and Asset Insurance” · FPG Mercantile: “HomeReady” · BPI MS: “Home Protection”
- Choose Pioneer Insurance, FPG Mercantile, BPI MS, Stronghold Insurance (or 25 more in the table) if you want personal accident cover. Pioneer Insurance: “Accident” · FPG Mercantile: “AcciProReady (Personal Accident)” · BPI MS: “Family Personal Accident” · Stronghold Insurance: “Personal Accident Insurance”
- Choose Pioneer Insurance, AXA Philippines, Oona, Manila Bankers (or 1 more in the table) if you want health or critical illness cover from an insurer. Pioneer Insurance: “Health & Medical Expenses” · AXA Philippines: “Health and Critical Illness” · Oona: “Health Insurance (Global Shield, Purple Shield)” · Manila Bankers: “Group Life & Health Insurance”
- Choose Pioneer Insurance, Stronghold Insurance, Standard Insurance, Cocogen (or 20 more in the table) if you need a surety bond. Pioneer Insurance: “Bonds” · Stronghold Insurance: “Suretyship” · Standard Insurance: “Bonds” · Cocogen: “Surety Bonds”
- Choose FPG Mercantile, Stronghold Insurance, Standard Insurance, Chubb (or 27 more in the table) if you are insuring a business. FPG Mercantile: “BizReady (SME Business)” · Stronghold Insurance: “Comprehensive General Liability” · Standard Insurance: “Biz Protect” · Chubb: “Directors & Officers Liability Insurance”
- Choose Standard Insurance if you want pet health cover. Standard Insurance: “Pet Health Protect”
Choose a composite (1CISP, AIA Philippines, AXA Philippines, Bethel Life and General Insurance, CLIMBS, Country Bankers Life and General, Etiqa, Manila Bankers, Paramount, Philippine British Life and General Insurance, Premier Life and General) if you also want life cover from the same company.
Next step
What non-life insurance covers
Motor, including the third-party liability cover every vehicle on a public road must carry (Insurance Code sec. 387), property and fire, marine, travel, personal accident, liability and surety bonds. Life insurance and VUL come from the life insurers list.
Fire and other property policies carry documentary stamp tax of ₱0.50 on each ₱4 of premium (NIRC Sec. 184, in force since Jan 1, 1998). Example: a fire insurance policy with a ₱10,000 premium. DST = ₱10,000 ÷ ₱4 = 2,500 units × ₱0.50 = ₱1,250 (Sec. 184). documentary stamp tax calculator
Mergers printed on the IC list: AIA Philippines Life and General Insurance (Merged with Philam Equitable Life Assurance Company, Inc. effective 01 April 2022); AXA Philippines Life and General Insurance (Merged with Charter Ping-an Insurance Corporation effective 28 December 2022); Alliedbankers Insurance (absorbed Summit General Insurance Corporation); FPG Mercantile Insurance (Merged with FPG Insurance Co., Inc. effective 19 May 2026). A policy under the older name now sits with the company shown.
Questions
What are the top 10 non-life insurance companies in the Philippines?
By 2025 gross premiums written, from Insurance Commission figures: 1. Pioneer Insurance (₱20.7 billion), 2. Prudential Guarantee and Assurance (₱13.9 billion), 3. Malayan Insurance (₱13.4 billion), 4. FPG Mercantile (₱9.4 billion), 5. BPI MS (₱8.5 billion), 6. Stronghold Insurance (₱6.4 billion), 7. Standard Insurance (₱5.9 billion), 8. Chubb (₱4.6 billion), 9. AXA Philippines (₱4.2 billion), 10. Cocogen (₱3.9 billion). Composites count their non-life business only.
How many non-life insurance companies are there in the Philippines?
53 as of Aug 31, 2026: 42 non-life insurers and 11 composites that write both life and non-life.
What is non-life insurance?
Insurance on property, vehicles, travel, accidents and liability rather than on a life. Only companies on the non-life and composite sections of the IC list may sell it.
Is there tax on a non-life insurance policy?
Yes, documentary stamp tax on property policies: ₱0.50 on each ₱4 of premium (NIRC Sec. 184, in force since Jan 1, 1998).