The Insular Life Assurance Company, Ltd. (commonly known by its trade name, Insular Life) is a mutual life insurance company in the Philippines. Established on November 25, 1910 in Manila, it is the first Filipino life insurance company. The company offers individual and group life, health, and retirement insurance plans. It provides allied financial services such as general insurance, banking, healthcare, lending and investment through subsidiaries and affiliate companies in its eponymous corporate group. Insular Life was once a member of the Ayala Corporation until 1987, when it became a mutual company owned by its policyholders. Its Executive Chairman of the Board is Nina D. Aguas and its Chief Executive Officer is Mona Lisa B. dela Cruz. As of 2015, it is the seventh largest life insurer in the Philippines in terms of premium income.
Video Insular Life
Office Buildings
Muntinlupa City
It is currently headquartered at the Insular Life Corporate Centre (ILCC) building in Filinvest City, Alabang, Muntinlupa City. Designed by the Japanese firm, Takenobu Mohri Architects and Associates, the ILCC was inaugurated in 2001. The building is a two-tower structure connected by a podium, which houses a 500-seat auditorium.
Makati City
Previously, it held its main corporate offices at the Insular Life Building in Makati City. That building was built in 1962 and was the first to surpass the 30 meter height restriction in the Philippines. It had a gently curving façade entirely covered by narrow vertical aluminium projections that were set close together within square modules to conceal the curtain wall behind it. Originally designed by Cesar Concio, the building was controversially redeveloped in 2005 with a design by Takenobu Mohri Architects and Associates, and again in 2015 by Casas Architects.
Cebu City
It also maintains a corporate building at the Cebu Business Park designed by Jose Mañosa.
Maps Insular Life
Corporate Group
The members of the Insular Group of Companies as of 2015 are:
Holding Company
- The Insular Life Assurance Company, Ltd. (Life Insurance underwriting)
Subsidiaries
- Insular Investment Corporation (Investment banking)
- Insular Property Ventures (Residential/Commercial development)
- IIC Properties (Residential/Commercial development)
- Insular Health Care (Health/HMO)
- ILAC General Insurance Agency (General agency)
- Insular Life Property Holdings (Real Estate)
- Insular Life Management and Development Corporation (Management services)
- HomeCredit Mutual Building and Loan Association
Affiliates
- Mapfre Insular Insurance (Non-life Insurance underwriting)
- Union Bank of the Philippines (Universal banking and Bancassurance partner)
- PPI Prime Venture (Real estate)
Social Commitment
- Insular Foundation
Former Subsidiaries and Affiliates
- Hawaiian Life Insurance Company (Until 1955, acquired by the American General Life Insurance Company)
- Insular Savings Bank (Until 2005, acquired by Citibank Philippines)
References
Source of article : Wikipedia
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