Canarvacanan, Binalonan Pangasinan

Bachelor of Science in Accountancy

Financial Markets

TOP 5 INSURANCE COMPANY

Albay, Jay Ann B.

BSA-2A
 TOP 1: FWD LIFE INSURANCE

I: HISTORY

The Pacific Century Group's insurance division was

established in 2013. In 2020, the corporation

managed US$50.9 billion in assets, and in 2021, it

was in charge of US$63 billion. FWD, which has

operations in Hong Kong, Japan, Macau, Singapore, Thailand, the Philippines,

Indonesia, Vietnam, Malaysia, and Cambodia, filed for a HK IPO on February 28,

2022. The business then began to grow in Indonesia and the Philippines in 2014

and 2015. FWD Group expanded into three more nations in 2016 that

year, acquiring Shenton Insurance in Singapore a unit from Great Eastern

Holdings Ltd. in Vietnam for $35 million. In late 2016, FWD agreed to buy AIG's

Fuji Life Insurance Co. in Japan; by April 2017, FWD had $24.4 billion in assets

under management and by 2018, it had sponsored the Clo .

Additionally, in 2018, FWD Group acquired 49% of HSBC Amanah Takaful

(Malaysia) which has since changed its name to FWD Takaful (Malaysia). In June

2019, FWD Group reportedly paid $400 million to acquire MetLife's Hong Kong

operations. The life insurance division of Thailand's Siam Commercial Bank, SCB

Life Assurance, was sold to FWD Group that month for $3 billion, "reflecting the

largest insurance deal in Southeast Asia in terms of value." At the end of July

2019, FWD also launched its Malaysian Takaful (Islamic insurance) market. FWD
had submitted an application for a permit to establish a joint venture in China by

August 2019. Since its creation, FWD has spent $6 billion on mergers and

acquisitions. In November 2019, FWD reached an agreement to pay $400 million

for the joint venture between Vietcombank and BNP Paribas Cardif known as

Vietcombank-Cardif Life Insurance. FWD stated in December 2019 that it would

cease operations in Singapore's group medical insurance market by the end of

2020.

In June 2020, for an estimated $300 million, FWD Group bought a minority

investment in PT Asuransi BRI Life, the life insurance division of PT Bank Rakyat

Indonesia (BRI). Press outlets stated in September 2020 that FWD Group was

thinking about conducting an initial public offering in Hong Kong.That same month,

FWD Insurance bought a stake in IPP Financial Advisers . In 2020, FWD Group

had 7.5 million customers, $50.9 billion in assets under control, 6,200 staff in Asia.

Value of New Business for FWD Group in 2021 was $686 million USD. The

segmental adjusted operating profit before tax for FWD Group was US$205

million in 2021, increasing 64% from the same period the previous year and more

than quadrupling from 2019. 6.100 people, $62.6 billion in assets under

management, and 9.8 million clients made comprised the 2021 FWD Group. On

February 28, 2022, FWD filed for a Hong Kong IPO and revealed that it had raised

more than US$1.6 billion in two private placement transactions since December

2021.
II: FOUNDER

Nationality: Hong Kong

Birthday: Novemver 8, 1966

Birthplace: Hong Kong, Hong Kong

One of Hong Kong's richest billionaires, Li

Ka-Shing, has a son named Richard Li. He is the

chairman of the Pacific Century group, an Asian

investment firm.The majority of the life insurance firm FWD, which conducts

business in eleven Asian locations, including Singapore and Hong Kong, is owned

by Pacific Century.

III: SERVICE OFFERINGS

The FWD Group offers employee benefits, general insurance, life and health

insurance, and more. Additionally, FWD's Premium Plan offers the most

affordable travel insurance option, offering a broad range of coverage at quite

affordable costs. In reality, the Premium plan will be among the most affordable

options available when FWD is running a sale, especially for travel within ASEAN

or to other regions of Asia. For travelers who want to be sure they're getting a

decent deal regardless of where they're going or how long they'll be there, this

makes it a very flexible option.

 TOP 2:BENLIFE INSURANCE

I: HISTORY

Beneficial Life Insurance Co., Inc. (BenLife) was

founded on March 16, 1960, as a wholly

Filipino-owned life insurance company. It has grown

from a P2.5 million authorized capitalization to over P1.11 billion in paid up capital,

P2.87 billion in total equity, and over P8.98 billion in consolidated assets (based

on audited consolidated financial statements as of December 31, 2020).

BenLife's commitment to quality customer service is demonstrated by its real-time

and well-received text-SMS with voice customer-linkage system, as well as a

caring service staff that strives to live up to BenLife's service philosophy,

"AlagangTunay, AlagangBenLife."

II: FOUNDER

Top 10 Stockholder

1.FMF DevelopmentCorporation=81.07%

2. MERJE Trading, INC. = 11.42%

3. JCF Investment Holdings, Inc.= 0.77%

4. San Bartel Investments Inc. = 0.28

5. IBank T/A No. 01-IMA-014 = 0.25

6. Roberto P. Agner = 0.17%

7. FEBTC A/C 4124-00006-5 = 0.12%

8. FEBTC A/C 116-00006 = 0.05%

9. Teresita S. ELA &/OR = 0.05%

10.Teodoro M. ELA &/or = 0.05%

As the biggest shareholder, FMF Development Corporation is known as the

founder of the said Insurance company. The company's headquarters are in

Makati, Philippines. The FMF Development Corporation report from digitGaps

provides detailed, in-depth, and comprehensive insights into the company, its

history, corporate strategy, businesses and structures, and company operations

by examining its performance in the local market and global economy. This report

is provided by digitGaps to help you understand the company's key strengths,

weaknesses, potential opportunities, and threats. This report will also include the

company's historical, current, and projected merger and acquisitions, financial

analysis, deals and alliances, partnerships and investments, news, competitors,

and key executive profiles.

III: SERVICE OFFERINGS

BenLife provides a wealth creation system that is guaranteed to benefit

individuals, families, institutions, and its members.

 Individuals: Life Insurance Funds to Meet Life's Needs

Life insurance products for parents and children, business owners, professionals,

and employees who want to set aside money for clean-up and moving expenses.

 Regular Employees and Dependents Only

Life insurance packages are available to regular employees and their dependents

through monthly payroll deduction.

 Group Insurance Products for Institutional Employees/Members

Life insurance products purchased by institutions for their own protection and the

benefit of their members

 Individual and Group Health Care

Having preventative or necessary medical procedures performed to improve your

health.

TOP 3: CARITAS LIFE INSURANCE

I: HISTORY

On November 21, 2003, CARITAS LIFE INSURANCE

CORPORATION (CLIC) was formed and registered

with the Securities and Exchange Commission, with an

initial paid-up capital stock of PHP 75 million

contributed surplus. Caritas Life received its Certificate of Authority to operate as

a Life Insurance Company from the Insurance Commission (IC) on November 25,

2004. Caritas Life's Paid-Up Capital and Contributed Surplus have been
increased to PHP 601 million and PHP 206 million, respectively, as of December

2021, solidifying its current total net worth of over PHP 1.2 billion.

Caritas Life provides Individual and Group Insurance. It is responsible for the

insurance portfolios of several organizations, including Caritas Health Shield and

Caritas Financial Plans. As of the end of 2021, Caritas Life had paid out more

than PHP 540 million in total insurance benefits.

Caritas Life is a wholly owned subsidiary of Caritas Health Shield, Inc., the parent

company of the Caritas Companies. Caritas Health Shield has grown from humble

beginnings in 1995 to become one of the country's leading providers of

personalized health care services.Caritas Life Insurance Corp., which has an

asset base of more than PHP 1.364 billion as of yearend 2021, confidently

provides customer-friendly insurance services to all of its privileged and

ever-growing insured.

Caritas Health Shield established subsidiaries that cater to its members' medical

and financial needs in order to fulfill its desire to provide excellent and diverse

services to the changing needs of the Filipino Family: Caritas Life Insurance and

Caritas Financial Plans.

II: FOUNDER

 Atty. Domingo M. Navarro; Chairman of the Board

Atty. Domingo M. Navarro is a lawyer and professor. He was the Assistant Dean

ofFrom 1988 to 2005, he was a student at San Beda College, and later at Angeles

University's College of Law Foundation. He was named Dean of the Arellano

University School of Law in 2016.

Additonal Information:

 PURIFICACION C. FLORCRUZ; Board Member Independent

Director Ms. Purificacion C. Florcruz has years of experience in the real estate

and banking industry. She has twenty-five years of banking experience in United

Coconut Planters Bank. Later, she served as Corporate Secretary and then as

President of F.C. Integrated Resources, Inc. Ms. Florcruz finished her BSC major

in Accounting from St. Theresa’s College.

 RAOUL PAOLO D. HENSON; Board Member Independent Director

Dr. Raoul Paolo D. Henson is an Ophthalmologist. He has served as Trustee of

Clinica Henson EENT Foundation for more than twenty years, and has also

served as Treasurer/Partner of the Angeles Lasik Group, Inc. Dr. Henson earned

his baccalaureate degree in Biology and his Doctor of Medicine degree from the

University of Santo Tomas. He had his ophthalmology residency at St. Luke’s

Medical Center – Quezon City. He also attended a Post Graduate Course in

Ophthalmology at Stanford Medical School, and completed Oculoplastics

Fellowship at St. Francis Medical Center, University of Hawaii

.

III: SERVICE OFFERINGS

Caritas Health Shield has grown from humble beginnings in 1995 to become one

of the country's leading providers of personalized health care services. Caritas

Health Shield confidently provides customer-friendly medical services to all of its

privileged and ever-growing number of 500,000 members, with an asset base of

over P8.5 billion as of year end 2011.

Caritas Health Shield has established subsidiaries that individually and

collectively cater to its members' medical and financial needs in order to fulfill its

desire to provide excellent and diverse services to the changing needs of the

Filipino family: Caritas Life Insurance, Clinica Caritas, Caritas Financial Plans,

Caritas Health Shield Foundation, and Caritas Family Hospital and College are all

subsidiaries of Caritas.

Caritas Financial Plans has been serving the Filipino family since 2007, beginning

with three branches in Metro Manila. Since then, it hasn't looked back. We now

have 13 locations across the country and are rapidly expanding.

Vantage Pension and Education Plans, Inc. was incorporated and registered on

October 8, 1993, and was acquired by Caritas Health Shield, Inc. on September

21, 2005. The company was renamed CARITAS FINANCIAL PLANS, INC. on

March 8, 2007.
 TOP 4: GENERALI LIFE

I: HISTORY

It all started on December 26, 1831, in Trieste, at the

initiative of entrepreneur Giuseppe Lazzaro Morpurgo.

In a short time, offices were established in all Italian

states, the Empire's major cities, from Vienna to Pest, and the major European

ports.

For 190 years, Generali has been acting in the current environment and

anticipating future trends, not only as an insurer, but also as a social innovator in

the communities in which it operates, and finding the best solutions to be the

Lifetime Partner to its customers.

A long history marked by big and small moments, all linked by a common thread

that describes a unique heritage of know-how, experiences, and business

initiatives developed over time by employees and agents, allowing the Group to

become one of the world's largest companies.

II: FOUNDER

The Generali Building is still owned by the Italian insurance

firm through its local representative, the Migdal Insurance

Company.

Shlomo Eliahu is an Israeli businessman, billionaire, and

former politician who served as a member of the Shlomo Eliahu

Knesset between 1978 and 1981.

Nationality: Israeli Birthplace: Baghdad, Iraq

Birthdate:January 18, 1936

III: SERVICE OFFERINGS

Generali Philippines has been a consistent player in the industry, providing life

insurance and health services to large corporations and small and medium-sized

enterprises (SMEs) while emphasizing convenience and efficiency through its

digital platforms.
 TOP 5: PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION

I: HISTORY

PLGIC, or Paramount Life & General Insurance Corporation, has been in

business for over 65 years. It was founded in 1950 and is licensed by the

Philippine Insurance Commission.

It is one of four (4) insurance companies in the Philippines with a unique

composite license to operate in both life and non-life insurance. PLGIC has

acquired four (4) life and non-life companies over the years, making it one of the

most stable and progressive financial institutions.

Paramount is one of the most admired and respected insurance organizations

today, thanks to its experienced and committed management team and dedicated

professional staff.

 Vision

To provide positive lasting experience for our customers, in order to be the

top-of-mind insurance provider for Filipino families.

 Mission

To protect what is important for you.

 Core Values

Loyalty Flexibility

Integrity Excellence

II: FOUNDER Dr. Nayan Shah

Nationality: Indian

Birthday: Unknown

Birthplace: Unknown

Dr.Nayan Shah is the founder of the Paramount

Health Group, and the pioneer of the TPA

industry in India. He is a qualified Radiologist

(MD) and a Healthcare Management expert.

His professional career spans over a period of 35 years in which he has garnered

a rich experience in the healthcare industry with exposure to clinical practice,

ownership and management of diagnostic centers, design and construction of

corporate tertiary care hospitals and formulating their economic policies.

 Through the span of his career, he been the President of Hospital Management

Services at Reliance Industries Ltd., where he was in charge of new Health Care

initiatives and hospitals.

Presently, he is the Chairman of Paramount Group, which consists of various

healthcare companies including Paramount Health Services and Insurance TPA

Pvt. Ltd., Paramount Healthcare Management Pvt. Ltd.

III: SERVICE OFFERINGS

Paramount Life & General Insurance Corporation provides affordable life insurance,

non-life insurance and health insurance products for Filipinos and OFW's. Other offerings

follow:

 PROTECTION PLANS

Prime Life

Prime Term

Jumpstart

Secure Essential

 AUTO

Motorcycle Insurance

 HOMECARE INSURANCE

 GLOBAL TRAVEL PROTECT