506 bac celebrates 60th anniversary 6 fnac celebrates golden anniversary 2016-06-11آ 5 bac...
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Malayan creates Card Protect to secure ATM users
Medical, dental mission for Tanay folks
5 BAC Celebrates 60th Anniversary 6 FNAC Celebrates Golden Anniversary
Martin D. Yuchioco Editor-In-Chief
Mark Gregory C. Miranda Angel F. Felicia
Paula P. Ocampo Writing, Layout and Design
Ma. Gertrudes G. Lim Circulation
The Malayan Magazine is a quarterly publication of Malayan Insurance for its employees, subsidiaries, affiliates, clients, and the general public. Please address all concerns to: Communications Unit, IMC Department, Yuchengco Tower I, 500 Quintin Paredes Street, 1006 Binondo, Manila • Tel. No.: 242-8888 local 8647 • Fax No.: 628 8755.
Please turn to page 23
This third quarter 2015, the Malayan Group has celebrated many milestones that are worth remembering in this issue of the Malayan Magazine.
The First Nationwide Assurance Corporation (FNAC) celebrated its 50th Golden Anniversary on July 2015. The anniversary celebration was highlighted by giving awards to the company’s top referrors and employees who exhibited exceptional performance in the previous year. Bankers Assurance Corporation (BAC) also celebrated its 60th Year last September.
Mr. Alfonso T. Yuchengco established Bankers and Manufacturers Assurance Corporation (BMAC), which was incorporated in September 6, 1955. BMAC maintained the corporate name for 25 years and was eventually changed to Malayan Zurich Insurance Co., Inc. in 1980 resulting from a tie-up with Zurich Insurance Company of Switzerland. Today, Malayan Zurich is known as Bankers Assurance Corporation (BAC) as a result of Zurich Insurance’s exit from the Philippine market. BAC is now focused on the microinsurance sector as well as the overseas Filipino worker (OFW) market.
The First Nationwide Assurance Corporation (FNAC) was established on June 11, 1965. In 2011, FNAC obtained certification from the Banko Sentral ng Pilipinas (BSP) as bancassurance partner of the Rizal Commercial Banking Corporation (RCBC). FNAC offers its clients a wide array of non-life insurance products covering: motorcar, fire, and personal accident among others.
Happy reading everyone!
A quarter of milestones
3rd Quarter Issue 2015
NEWS 4 Malayan participates in MMDA Shake Drill
5 BAC Celebrates 60th Anniversary
6 FNAC Celebrates Golden Anniversary
8 Tokio Marine Asia holds top management meeting in the country
FEATURES 14 MICO Basketball Tournament 2015
16 Hot Movers rules Malayan Dance Competition
17 Malayan raises awareness on Fine Arts Insurance
18 Tokio Marine Division holds D&O Insurance Seminar
19 Earth Care Team Phase 3 Plant Site Inspection
23 Things to know about Motorcar Deductible
24 How to recover loss from flood-damaged cars
REGULARS 10 Gallery
25 New Hires
27 Malayan Insurance Quality Policy & YGC Core Values
Malayan participates in MMDA Metro Manila
Malayan Insurance offices in Yuchengco Tower 1 (Head Office), BPI Building in Manila, and in Yuchengco Tower 2 and GPL Building in Makati, participated in the Metro Manila Shake Drill spearheaded by the Metro Manila Development Authority (MMDA) on July 30, 2015.
Malayan’s participation in the Shake Drill is part of its “Saving Lives” Series to prepare employees on how to respond in case of an emergency and develop a culture of safety not only in the workplace but also in employees’ households. The “Saving Lives” Series is a project of the Business Continuity Working Committee.
BAC Celebrates 60th Anniversary
The Bankers Assurance Corporation (BAC) celebrated its 60th Founding Anniversary last September 15, 2015 at the Bistro Paleta, Malate, Manila.
BAC was founded in Manila in September 6, 1955. The anniversary celebration was attended by officers, employees and guests of BAC and the Malayan Group.
Bankers Assurance caters to the micro-insurance and the overseas Filipino worker (OFW) markets – two of the country’s underserved sectors – by offering them innovative, cost-effective products that are responsive to their needs.
The BAC Anniversary celebration was graced by Malayan Insurance President Ms. Yvonne S. Yuchengco, BAC Chairman Mr. Antonio M. Rubin, BAC President Mr. Raul B. Tan, MICO Underwriting Head Mr. Rogelio M. Noche, MICO Business Information Head Ms. Ma. Beatriz A. Adversalo, MICO HR & Admin Division Head Ms. Cecille V. Huidem, MICO Financial Division Head Mr. Frederick T. Pineda, MICO Controller Ms. Alegria R. Castro, MICO Legal Department Head Atty. Jose Martin A. Morente, and MICO Actuarial Department Head Ms. Joanne S. Dela Cruz.
FNAC celebrates Golden Anniversary
The First Nationwide Assurance Corporation (FNAC) celebrated its 50th Anniversary last July 6, 2015 at the Manila Polo Club, Mckinley Road, Makati City.
The celebration was highlighted with recognition of its employees and bank referror’s relentless efforts in bringing bancassurance products closer to its clients.
FNAC was the third domestic non-life insurance company that joined the Malayan Group in June 11, 1965. In 2011, FNAC obtained certification from the Banko Sentral ng Pilipinas (BSP) as bancassurance partner of the Rizal Commercial Banking Corporation (RCBC).
During the anniversary celebration, top referrors and employees were recognized for their impressive performance in 2014, consistently outperforming their achievements year after year.
The event was graced by MICO Equities Chairman Ambassador Alfonso T. Yuchengco, Malayan Insurance Chairperson Helen Y. Dee, FNAC Chairperson Yvonne S. Yuchengco, Malayan Insurance COO Paolo Y. Abaya, FNAC President Antonio M. Rubin, FNAC Vice President Jose Mari Prats, FNAC employees and guests.
N E W S
Tokio Marine Asia (TM Asia) held its 3rd Top Management Conference at the RCBC Plaza, the headquarters of the Yuchengco Group of Companies last July 9, 2015. Top management from different TM group companies in the region discussed their direction and plans for the mid-term period for 2015-2017.
Tokio Marine is the leader in Japan’s non-life insurance market and one of Japan’s oldest general insurers. It first entered the Philippine market in 1964 through a joint venture company with the Malayan Group of Insurance Companies. Since then, it has become the premier insurance company for Japanese business and multinationals operating in the country.
In 2014, Malayan Insurance, the country’s number 1 non-life insurer, and TM Asia celebrated the 50th anniversary of their long-standing partnership.
Tokio Marine Asia holds top management meeting in the country
The conference was attended by top executives and officers of both companies, including (first row, L-R) Tokio Marine Holdings Executive Officer Mr. Tadahiro Matsubara, Ms. Yen Saw, Tokio Marine Holdings Senior Managing Executive Officer/Vice Chairman Mr. Ian Brimecome, Malayan Insurance President/CEO Ms. Yvonne S. Yuchengco, Tokio Marine Holdings Member of the Board/Senior Managing Director Mr. Ichiro Ishii, Tokio Marine Asia CEO/Malayan Insurance Director Mr. Arthur Lee, Malayan Insurance Chief Operating Officer Paolo Y. Abaya, Mr. Trevor Matthews, and Mr. Shinkichi Miki.
TALK ON BANGSAMORO BASIC LAW
BOARD OF DIRECTORS MEETING
Aforum on the Bangsamoro Basic Law was conducted on June 15, 2015 at the 10th Floor Training Room, Yuchengco Tower I, Binondo, Manila. The forum’s speaker was Dr. Carolina G. Hernandez, Founding President and Vice Chair of the Institute for Strategic and Development Studies (ISDS Philippines). Dr. Hernandez is also Professor Emeritus in Political Science at the University of the Philippines Diliman. The Bangsamoro Basic Law (BBL) envisions to end the conflict and prevalence of conflict in Muslim Mindanao.
The Malayan Group of Insurance Companies held its annual Board of Directors meeting last August 7, 2015 at the RCBC Plaza, Makati City. Attending the Board Meeting were MICO Equities Chairman Ambassador Alfonso T. Yuchengco, MICO Chairperson Mrs. Helen Y. Dee, MICO President and Director Ms. Yvonne S.
Yuchengco, MICO Chief Operating Officer and Director Mr. Paolo Y. Abaya and other Malayan Group’s directors and principal officers.
Malayan Awarded in Thanksgiving Agape
BNL TOPNOTCHERS LUNCHEON
Malayan Insurance Vice President Mr. Martin D. Yuchioco accepted the plaque of appreciation on behalf of Malayan Insurance on the Thanksgiving Agape held on July 29, 2015 at the Arzobispado de Manila in Intramuros. The plaque of appreciation was given to Malayan Insurance for supporting the Papal Visit 2015 in form of banners and radio advertising in Radio Veritas.
The topnotchers of the recent Basic Non-life Insurance Seminar was held last July 7, 2015 at the Ramada Hotel in Binondo, Manila. The BNL topnotchers with their respective supervisors, attended the luncheon with Malayan Insurance President Ms. Yvonne S. Yuchengco.
MR. ISHII VISITS AMB. A.Y. Mr. Ichiro Ishii, Member of the Board/Senior Managing Director of Tokio Marine Holdings Inc. paid a courtesy visit to Ambassador Alfonso T. Yuchengco and Malayan Insurance Chairperson