The birth of MAA General Assurance Philippines, Inc. (MAAGAP) took place when its parent company from Malaysia ventured to strategically expand its business in Asia. Gearing for the planned expansion, MAA procured the insurance license of the the Paramount Insurance Corporation and renamed it MAA General Assurance Philippines as it is popularly called now. Its thrust for full-scale operation commenced in September 1, 2001 after securing license from the Insurance Commission.
MAA General Assurance Philippines offers insurance service for motor car, personal accident and health, property or fire and allied perils, engineering, aviation, marine and hull, casualty and bonds.
Under the presidency of Mr. Daniel C. Go, and the able leadership of Mr. Richard Goh, CEO of MAA International based in Malaysia, the company recorded a number of achievements during the infancy of its operation. In 2002, MAAGAP was able to underwrite Php 350 million garnering it a rank among the Top 20 Non-life Insurance Companies, and soon placed of 1333rd among the Top Corporations across the country.
While in the process of creating a reputation, MAAGAP extended its network leading to the establishment of its local branches. In February 2003, the 1st branch was launched in Binondo, Manila which directly catered to the insurance needs of the Filipino-Chinese settlers.
Five months after the launching of the 1st branch, MAAGAP embarked on another aggressive investment by inaugurating the 2nd branch on the 2nd largest city in the PhilippinesóCebu City. The Visayan office had an objective of providing service to people from regions in the farther south of the country
The continuous growth of the company was evident as the 3rd branch was inaugurated in February 2004 in the City of Dagupan, Province of Pangasinan. The Davao office was inaugurated the following year. The fifth branch in Bacolod City started its operation in 2006. The yearly introduction of branches in various areas signifies the firm and incessant development of the company.
From the start, the management assured its valued clients of service quality by attaining the ISO 9001:2000 Certificate of Excellence in Quality Management and awarded by Certification International in November 27, 2006. MAAGAP obtained a new ISO 9001:2008 certification in September 20, 2010.
To date, MAA General Assurance Philippines, Inc. marches on in realizing its vision of providing quality non-life insurance service and ensuring that adequate financial security is provided to Filipinos.