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| News | |
• MAA President welcomes another year, tradition of giving celebrated!
The simple deed of sharing the good fortune accrued through hard work and dedication turned into a celebrated tradition for the people of MAA General Assurance Phils. (MAAGAP). • MAA General Assurance hikes paid-up capital
MAA General Assurance Phils. (MAAGAP) and its local shareholders recently infused an additional P 50 million to comply with the Insurance Commission's requirement of P200 million as of January 2010. • MAAGAP moved office site in Dagupan
To ascertain visibility and facilitate service to its clients, the MAAGAP Dagupan Branch office transferred location. Blessing and re launching of the office was held last April 30, 2010. • MAAGAP treated top producers to leisure and fun
Three days of pure fun and leisure has been the reward extended by MAA General Assurance Phils. (MAAGAP) to more than one hundred individuals representing insurance agencies and companies all over the country. • Preparation for ISO 9001:2009 cross over to ISO 9001:2008
The management and whole of working force of MAA General Assurance Philippines is currently mobilize to ensure the preparation and compliance of the company as it aims to upgrade quality standards to ISO 9001:2008.
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| History |
Gearing for the planned expansion, MAA procured the then Paramount Insurance Corporation and renamed it MAAGAP 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 the following products, Motor, Personal Accident and Health Insurance, Fire/Property and Engineering, Marine and Aviation, Casualty and Bonds. Under the presidency of Mr. Daniel C. Go, and able leadership of Mr. Richard Goh, CEO of MAA International based in Malaysia, the company recorded numbers of achievements even in 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 profited the place of 1333rd among the Top Corporations across the country. While in the process of creating a reputation, MAAGAP furthers its network leading to the establishments of its local branches. In February 2003, the 1st branch was launched in Binondo Manila with an aim of immediately catering to the insurance needs of the Filipino/Chinese settlers within the premises. Five months after the launching of the 1st branch, MAAGAP embarks on another aggressive investment by inaugurating the 2nd branch on the 2nd largest city in the Philippines-Cebu City and endeavoring to provide service to people from regions in the farther south of the country The growth of the company continuous to be evident as the 3rd branch was inaugurated in February 2004 in the City of Dagupan, Province of Pangasinan. On the following year, the company opened its branch in Davao. Fifth branch located 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. With expansion coming into place, the management turned its attention in ascertaining that quality service is sustained and provided to its valued customers. The rush generated to ensure the accomplishment of this goal yielded the earning of ISO 9001:2000 Certificate of Excellence in Quality Management from Certification International in November 27, 2006. The management is in the process of upgrading its quality system to comply with the requirements for ISO 9001: 2008. To date, MAAGAP marches on in realizing its vision of providing a quality non-life insurance service and ensuring that adequate security is provided to those who entrust to the company their valuables.
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The birth of MAA General Assurance Philippines [MAAGAP] took place when its parent company from Malaysia ventured to strategically expand the business with Philippines as the selected site.