IC welcomes new Malayan Insurance chief

IN PHOTO (L-R): Atty. April Gwen Marquez, Legislative Liaison Officer, Office of the Commissioner, IC; Atty. Jose Martin A. Morente, First Vice President, Legal Department, Malayan Insurance; Ms. Yvonne S. Yuchengco, Vice Chairperson, Malayan Insurance; Mr. Paolo Y. Abaya, President, Malayan Insurance; Atty. Dennis B. Funa, Commissioner, Insurance Commission; Atty. Joanne Frances DC. Castro, Officer in Charge, Licensing Division, IC; Ms. Evelyn Singun, Division Manager, Non-Life Division, IC; Atty. Rene Paolo Mabolo,Division Manager, Claims Adjudication Division, IC

MANILA, Philippines — Malayan Insurance’s new President and CEO, Jose Paolo Y. Abaya was formally introduced to the Insurance Commission (IC) during a courtesy visit at the Insurance Commission office along United Nations Avenue in Manila recently.

During the visit, Malayan’s new Vice Chairperson, Ms. Yvonne S. Yuchengco, accompanied Mr. Paolo Y. Abaya and other Malayan Insurance executives to meet Atty. Dennis B. Funa, Commissioner at the Insurance Commission and his management team.

The Insurance Commission is the Philippine government’s agency mandated to sustain and support the local insurance industry’s growth through progressive regulatory and supervisory policies at par with international standards.

Malayan Insurance Co. Inc. is the leading non-life insurance company in the Philippines, maintaining its position as a leader in the Philippine non-life insurance industry in terms of Gross Premiums Written (GPW), which reached P10.16 billion, and Assets reported P34.28 billion as of year 2018.

The company’s strategic transition to a younger leadership marks a step toward the future as it approaches its 90th year as an industry leader.  Malayan Insurance Co., Inc. is a member of the Yuchengco Group of Companies.

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