Philinsure is one of the most reputable, fastest-growing and well-managed insurance brokers in the Philippines.
We are the only insurance brokers with a national presence, serving an expansive clientele in the three largest cities in the Philippines: Manila, Cebu and Davao. Since its founding in 2000, Philinsure has grown to be the 9th largest broker in the Philippines and the 2nd largest independent broker. It is also the 6th largest reinsurance broker in the country.
We currently have 47 team members, many of whom are considered to be the best in the industry. Our aggressiveness, initiative and relentless hard work have paid off, giving us a 50% share in the broker market in Cebu, and a rapidly growing market share throughout the Philippines. In 2009, our Manila office reported larger revenues than our main regional branches, reflecting the huge potential of the Luzon market and our emergent presence in the National Capital Region (NCR).
In 2003, Philinsure was appointed the formal representative of the Heath Lambert Group in the Philippines and became a strategic partner of the HLA Group. In 2008, the HLA Global Network was acquired by Wells Fargo Insurance Services (WFIS), a wholly-owned subsidiary of the Wells Fargo Bank. The HLA Global Network was subsequently renamed the Wells Fargo Global Broker Network (WFGBN). WFIS is currently the 4th largest international insurance broker in the world and through WFGBN, has over 300 offices in 140 countries with over US$ 2,000,000,000 in combined network revenues.
These dynamic strategic relationships have given Philinsure unprecedented access to the world's insurance and reinsurance markets and the latest technology in the insurance industry.
Today, Philinsure is noted for its constant annual growth averaging 15% over the last 5 years, even in the face of fierce competition. The company has been consistently hitting its growth targets year after year, and is continuing to add significant new business acquisitions to its portfolio.