TPISC was organized under the laws of the Republic of the Philippines on 20th of October 1964 as a 100% Filipino Owned domestic non-life insurance company. Its original Certificate of Authority to operate was issued on 22 December 1964 by the Insurance Commission. The Company had been authorized to deal in various lines of insurance business when it started writing policies in February 1965. It was licensed as a Surety company on the 9th of August 1965, having secured Administrative Order No. 131 upon approval of the President of the Philippines. Like the hand that protects, the Corporation has gained the elusive trust and confidence of the insuring public since then.
The present owners acquired the company in January, 2000 on a lock, stock and barrel basis. The entry of the new owners paved the way for an increase in paid-up capital. Moreover, due to the significant improvement in underwriting results and substantial rise in investment income, the company is geared towards making a big leap with the end-in-view of obtaining a remarkable share in the local market.
With the Company’s solid financial stability, it has fortified its position in a more competitive manner vis-à-vis the other insurance companies of the same size and expertise. TPISC is now in a better position to give and offer more efficient and prompt services to the insuring public, having strategically positioned seventeen (17) branches / service / extension offices in key cities nationwide. The Company is likewise supported by experienced and professional underwriters and dedicated marketing executives who have the knack of soliciting prime corporations among the company’s satisfied clientele. To keep TPISC attuned with the prevailing needs and demands of the insuring public the company has committed itself to continuously train and develop its marketing personnel and other officers responsible for insuring fast and efficient service but most of all the satisfaction of its customers.
The Company enjoys full and all-out support from its reinsurers. It has arranged its treaty contracts and automatic facilities with some of the impeccable reinsurers both on property and casualty lines, on proportional and non-proportional basis as well.
As the Company puts God in the center of its operations, it is confident that quality service to its valued clients is never compromised.