BDO Insurance Brokers, Inc. (BDOI), a subsidiary of BDO Unibank, Inc. (BDO), emerged as number one among the 60 insurance brokers operating in the country in terms of both premiums and commissions generated.
This is based on the yearend 2015 industry ranking recently released by the Insurance Commission.
BDOI maintained its position as the top broker in terms of commissions for the second straight year while it improved its ranking from number two in terms of premiums from the previous year.
The company generated P7.04 billion in premiums and P1.22 billion in commissions, making it the only locally owned insurance brokering firm in the top five in terms of premiums, and one of only two in the top five in terms of commissions.
In terms of product line, BDOI is the top premium producer in fidelity and surety, motor vehicle, and miscellaneous lines. In terms of commissions, it is the top producer in fire, ocean marine, fidelity and surety, motor vehicle, engineering and miscellaneous lines.
“Teamwork, a close working relationship with our bank counterparts, and a passion to provide customized solutions to clients’ needs made BDOI number one,” said Tracy Tan, general manager and senior vice president of BDOI.
For his part, BDOI chairman and president Jesus A. Jacinto said, “We have managed to steadily grow the business despite challenges posed by competition, because we always put the interest of our clients first. We build business relationships this way and in turn our clients trust us with their insurance requirements.”