Malayan Insurance Company cited its synergy within the Yuchengco Group of Companies (YGC), advanced analytics tools, and strong underwriting capabilities as the drivers of its consistent top performance over the past two years.

As of December 2024, Malayan’s Net Premiums Written (NPW) increased to PHP5.36-B from the previous year’s PHP4.78-B. While Gross Premiums Written (GPW) slightly dipped from PHP15.4-B to PHP15.07, the company retains its high ranking for two years in a row. 

Malayan Insurance Chief Underwriting Officer Adelo A. Abeleda said Malayan’s sustainable growth is shaped by internal strengths and external market dynamics.

“Internally, Malayan benefits from strong underwriting and distribution capabilities, enhanced by its affiliation and synergy with YGC. With YGC’s deep market relationships, financial strength, and strategic guidance, Malayan is well-positioned to seize growth opportunities while managing risks effectively — a combination that has strengthened its standing in a competitive industry,” Abeleda affirmed. “Externally, Malayan benefits from the overall growth of the Philippine insurance industry and the country’s economic expansion, which drives demand for new insurance products.”

“those big GPW and NPW numbers aren’t just about size – they’re about stability. And in an unpredictable world, that’s exactly what you want from your insurer.”

Malayan’s KPIs reflect sustained business growth in a highly competitive market. “The company’s rising NPW highlights its financial strength and ability to meet obligations. This growth suggests that the company is actively engaged in the market through proper selection and has the financial capability to manage a larger volume of policies, reinforcing its reliability and capacity to serve,” Abeleda said.

The bottom line, Abeleda added, is that “those big GPW and NPW numbers aren’t just about size – they’re about stability. And in an unpredictable world, that’s exactly what you want from your insurer.”

Abeleda further shared that Malayan has been improving its underwriting profitability and risk evaluation by utilizing modern risk modeling platforms and risk assessment tools available in the market, including the innovative Moody’s RMS Risk Modeler which enables risk analysis of potential disasters..

Looking ahead, rising concerns over economic uncertainty, climate change, and cybersecurity will continue to drive  the demand for non-life insurance. On the other hand, tighter regulatory requirements and the need for advanced risk modeling tools will keep the market competitive.

“For Malayan, the competitive edge will likely keep evolving around three pillars: data-driven underwriting, disciplinedrisk selection, and the strength of its partnerships. With continued investments in advanced analytics, technology, and talent, the company is well positioned to offer more tailored solutions, respond faster to client needs, and maintain a solid balance sheet – all of which are crucial in a rapidly changing environment,” Abeleda concluded.

Founded in 1930, Malayan Insurance is celebrating its 95^th anniversary this year.