2015 Annual Report, Page 3, Our Vision, Our Mission
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Company Profile OUR HERITAGE BPI-Philam Life Assurance Corporation is a strategic alliance between two leading financial companies in the Philippines – The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine 1851 Islands (BPI). The first bank in the Philippines and Southeast Asia comes to life with the Philam Life is a premier life insurance company in the establishment of El Banco Español Filipino De Isabel II, under the auspices Philippines and a market leader for over 60 years. of the Governor and Captain-General of the Philippines, Antonio De Urbiztondo Y Bank of the Philippine Islands is a leading commercial Eguia. bank in the country with over 160 years of experience in the local banking industry and an extensive branch network of more than 800 branches and 1,500 ATMs. 1907 With the Philippines then under U.S. colonial rule, a general meeting of the A Member of the AIA Group bank’s shareholders approves to adopt the name “Bank of the Philippine Islands,” BPI-Philam is the bancassurance arm of AIA in the marking a new era of renewed vigor and Philippines. AIA is the second largest life insurance activity for the bank. company in the world that operates in 18 markets in Asia Pacific. 1919 AIA puts down its corporate roots in Asia when the group founder Mr. Cornelius Vander Starr establishes an insurance agency in Shanghai. OUR VISION 1947 C.V. Starr and Earl Caroll establishes To be the undisputed benchmark in the Philam Life with a firm resolve to help bancassurance industry. Filipinos recover from the ravages of World War II. Earl’s vision: “A Philam Life policy in every Filipino home.” OUR MISSION 2009 We empower Filipinos achieve financial security BPI and Philam Life forges a joint venture and prosperity. to form BPI-Philam, the bancassurance arm of AIA in the Philippines. 2010 AIA Group Limited succesfully listed on the main board of the stock exchange of Hong Kong Limited, the third largest IPO ever globally at that time. 2014 In just 5 years, BPI-Philam already ranks as one of the Top 5 Life Insurers in the Philippines in total premium income. 3.