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HISTORY

HISTORY

AFPGEN is a wholly-owned subsidiary of the AFP-Mutual Benefit Association, Inc. (AFPMBAI) which was initially created to service the insurance needs of the country’s military and police organizations. AFPGEN’s establishment as a distinct business entity was a product of the Insurance Commission’s (IC) directive in 1978 for AFPMBAI to separate its life and non-life insurance functions.

With its singular non-life insurance focus, AFPGEN developed a deeper understanding of the special concerns of its clients and delivered well on its mandate of protecting the country’s defense assets as a provider of non-life insurance policies and issuer of surety bonds for the bidders and suppliers of the AFP and PNP.

Attesting to the quality of AFPGEN’s service and the strength of the AFPGEN’s financial performance, the IC in 2002 issued a certification authorizing AFPGEN to also engage business with the general public/clientele.

On January 1, 2015, AFPGEN was granted a Certificate of Accreditation and Authority to issue Compulsory Insurance Coverage for Agency-Hired Overseas Filipino Workers until December 31, 2015.

Certificate of Authority (CA) No. 2013/108-R was also granted to AFPGEN by the IC to transact in non-life insurance (fire, marine, casualty and surety) business until December 31, 2015. The IC renewed AFPGEN’s license with CA No. 2016/69-R-R, valid until December 31, 2018.

AFPGEN MILESTONES

THROUGH THE YEARS

AFPGEN chronicles its yearly accomplishments and highlights through the AFPGEN Milestones. Get to know the formative years of the Company and see how it has progressed over the years.

YEARMILESTONE
2017AFPGEN reaches its Ruby Year.

AFPGEN offers Judicial Bonds (Civil Bonds), offering Replevin Bond, Attachment Bonds, Receivership Bond, Administrator’s Bonds, Heir’s Bond, Supersedeas Bond.

AFPGEN builds an Agent Room/Lounge and launches its first ever travel incentive.

APFGEN opens Manila Branch.

2016The AFPMBAI Board of Trustees approved the capital infusion. A cash infusion of P275M was earmarked to AFPGEN via subscription of redeemable preferred shares.

Political PA Card is offered to the politicians and the public. It is a Personal Accident Insurance Card that aids the insured and/or its family members in accidental death or dismemberment.

2015OFW Insurance is now on full blast.

AFPGEN reopens Davao Branch.

AFPGEN holds first ever “Kapihan with the Agents!”   This is a monthly gathering of the agents with the Sales Team, graced by the Executives. It is an avenue to discuss accounts, targets, and strengthen business relationships between the Company and the Agents.

B.E.S.T. Insurance is introduced to the AFP/PNP Financial Institutions. AFPGEN

2014Former Vice Chief of Staff, LTGEN Alan R Luga assumes Presidency of AFPGEN by July 1, 2014.

Relaunch of the enhanced Microinsurance, specifically for the AFP, PNP, and other unformed personnel.

Relaunch of the Personal Accident Christmas Cards, in cooperation with HERO Foundation Inc.

AFPGEN receives the Accreditation to Transact Bonds and Surety with port of Manila. It can now issue Customs Bonds.

AFP and PNP Accounts are no longer insured with AFPGEN due to COA Ruling. The Company faces a challenge to increase net income despite the loss of its institutional accounts.

AFPMBAI infuses P173.1M to AFPGEN as additional capitalization in order to attain accreditation for its OFW Insurance.

Customs Bonds

AFPGEN officially receives its Certificate of Authority from the Insurance Commission to issue OFW Insurance.

2013First time in 37 years, AFPGEN hit a negative net income due to Typhoon Yolanda. The Company responded to claims of the clients due to the typhoon.

Philippine Coast Guard insures its vessels with AFPGEN.

AFPGEN opens its Satellite Branch in Davao City.

2012AFPGEN Office undergoes a major renovation and builds a better working environment for the employees.

The Company has also undergone internal changes with aggressive training for its employees.

AFPGEN opens its Cavite branch in Sangley Point.

2011BGEN Alejandro T Camagay Jr AFP(Ret) assumes Presidency of AFPGEN. AFPGEN Microinsurance Product Approved by the Insurance Commission

AFPGEN offers the Assistance and Family Protection and Barangay Family Protection microinsurance policies to the market.

2010AFPGEN attains high rating in its Corporate Governance Score Card, garnering a score of 41%. The said scorecard highlights the Company’s international standards of good corporate governance best practices. Average score of other non life insurance companies is at 30% only.
2009AFPGEN institutionalizes the Performance Appraisal System that would quantitatively gauge the employees’ productivity.
2008RADM Ludovico Franco assumes the Presidency of AFPGEN.

AFPGEN actively participates in insurance consortia to improve productivity and growth. It maintained its active membership with the Universal Insurance Transport and Accident Agency Solutions, Incorporated (UNITRANS) and the Home Development Mutual Fund (HDMF) Fire Insurance Pool

2007AFPGEN sells Personal Accident Christmas Cards worth P10,000.00 in benefits. Approximately 43,000.00 cards were sold.
2006Increased its Authorized Capital Stock from FIFTY MILLION to ONE HUNDRED MILLION (P100M), all paid-up.
2005Became a member of the Land Transportation Franchising and Regulatory Board (LTFRB) Consortium, the Home Development Mutual Fund (HDMF), Fire Insurance Pool and the Department of Environment and Natural Resources (DENR).
2004Implemented the IT Project, Phoenix General Insurance Sysytem with a fund support of P7.6M.
2003Major Fiorello S Adriano assumes the Presidency of AFPGEN.

Granted P1M Ex-Gratia Payment to the Philippine Military Academy for a fire loss

Implemented the Special Separation Program which was availed by 13 personnel

Embarked on an Information Technology Project dubbed “Automating for Prosperity,” a tool in improving the efficiency, accuracy and quality of service delivery.

2002Commo Lamberto R Torres AFP(Ret) assumes the Presidency of AFPGEN.

The Insurance Commission authorized AFPGEN to serve the open market.

AFPGEN went online via www.afpgen.com

Gave out office equipment and supplies totaling to P2.04M under the Prompt Payment Program for the AFP and PNP.

2001MGen Victor U Garcia AFP(Ret) assumes the Presidency of AFPGEN.

Gave out office equipment and supplies totaling P21.20M under the Prompt Payment Program for the AFP and PNP.

2000Commo Gualterio I Dela Cruz AFP(Ret) assumes the Presidency of AFPGEN.

Donated P100k for military casualties through the AFP Provident Trust Fund (AFP Battle Casualties Project) and P150k to the AFP Museum.

Established the Baguio City Extension Office

1999Established e Regional Operations Division and Davao and Lucena extension office.

Declared P5M cash dividend to AFP MBAI.

The Philippine National Police returned as institutional client with the amendment of Administrative Order 141.

1998BGen Rogelio A Asuncion AFP(Ret) assumes the Presidency of AFPGEN.

Donated P1M to the AFP for the construction of a sports complex in Palawan.

1997Opened an extension office in Clark Air Base, Pampanga.

Total assets surpassed the P200M mark.

1996Invested P7.5M for the construction of the AFP Theater and Museum in Camp Aguinaldo.
1995Commo Isidro O Codera AFP(Ret) assumes the Presidency of AFPGEN.

Purchased and refurbished the Old AFP MBAI Building to house its operational requirements.

Opened extension offices in Camp Olivas in Pampanga, Camp Aquino in Tarlac, and beside the LTO inside Camp Aguinaldo.

Donated P1M to the AFP for the construction of a sports complex in Zamboanga City.

1994Declared a total of P25M dividends made up of P5M cash and P20M stock to AFP MBAI.

The company’s paid-up capital was increased to P50M.

1993VAdm Proceso C Fernandez AFP(Ret) assumes the Presidency of AFPGEN.

Premium production surpassed the P50M mark.

1992Bgen Jesus A Daclan AFP(Ret) assumes the Presidency of AFPGEN.

LAN-based computer system was installed in order to enhance computer capacity.

1991Declared P3M cash and P2M stock dividends to AFP MBAI.

Total Assets exceeded the P100M mark.

Declared P20M dividends broken down into P10.6M cash and P 9.4M stock to AFP MBAI.

1990Declared P3M cash and P3M stock dividends to AFP MBAI.

Marketing operations were stepped-up with the creation of a separate Marketing Division.

1989Declared P3M cash and P3M stock dividends to AFP MBAI

Donated P3M to the AFP after the aborted coup attempt on December 1, 1989.

1988BGen Benjamin Ignacio Jr assumes the Presidency of AFPGEN.

The company’s capital stock was raised to P20M, which was twice the capital requirement for non-life insurance companies of the Insurance Commission.

1987Participated in the On-base Housing Project of the AFP by contributing P1.0M.

Donated P3.6M worth of office equipment to AFPGHQ and spearheaded the solicitation of 52 typewriters and other office equipment from non-life insurance companies after the 1987 coup attempt that razed the AFPGHQ Building.

1986Personal Accident Insurance was added as a new business line and marketed nationwide.

Donated ambulance units worth P1M to the AFP major commands and audio-visual and training aids worth P0.25M to the then INP in line with its objective to following back part of its income to its clientele.

The corporate name was shortened to AFP General Insurance Corporation (AFP GIC) to distinguish it from its mother company, AFP MBAI.

1985BGen Rosalino A Alquiza AFP(Ret) assumes the Presidency of AFPGEN.

Premium production surpassed the P20M mark.

1984Maintained its No. 1 and No. 2 position in terms of Net Gain to Total Income and in Investment yield, respectively, among 93 non-life insurance companies in the FSS of the Insurance Commission.

Embarked on the computerization of its operations with Motor Vehicle Insurance as the initial project.

1983Ranked No. 1 in terms of Net Gain to Total Income and No. 2 in Investment Yield among 93 non-life insurance companies in the FSS of the Insurance Commission.
1982Ranked No 3 in terms of Net Gain to Total Income and No. 13 in investment yield among 93 non-life insurance companies in the FSS of the Insurance Commission.

Commo Liberato Lazo assumes the Presidency of AFPGEN.

1981Ranked No. 4 in terms of Net Gain to Total Income among 93 non-life insurance companies in the Financial Surveillance System (FSS) of the Insurance Commission.
1980A surety and bonding department was set up in to complete with supermarket service or one-stop-shop for clients.

Branch offices in Cebu and in Zamboanga were established to bring the company’s services closer to its clients.

1979BGen Jesus T Dizon assumes the Presidency of AFPGEN.

AFPMBAI incorporated its non-life insurance business into the AFP MBAI General Insurance Corporation in compliance with the directive from the Insurance Commission.

1978The non-life insurance division was fully organized with the issuance of Certificate of Authority No. 144-0 by the Insurance Commission.
1977The non-life division of the AFP Mutual Benefit Association, Inc. (AFPMBAI) was conceived to provide the whole range of non-life insurance services to its members.

The non-life insurance coverages of all properties of the AFP and the then INP (Integrated National Police) were transferred from GSIS to AFPMBAI’s non-life division by virtue of LOI 596.

 

 

 

OUR MISSION

To protect the non – life insurable interests of the uniformed services, their personnel and family members and general clientele.

OUR VISION

To be a non – life insurer preferred by the uniformed personnel and their dependents and the general clientele by 2019

Board of Directors

RADM PRIMITIVO GOPO AFP(Ret)
RADM PRIMITIVO P GOPO AFP (RET)

Chairman of the Board of Directors of AFP General Insurance Corporation
President and CEO of the Armed Forces and Police Mutual Benefit Association, Inc

LtGen ALan R Luga AFP (Ret)
LTGEN ALAN R LUGA AFP (RET)

President & CEO (since July 1, 2014)
Director (since July 1, 2014)

BGen Rolando M Aquino AFP(Ret)
BGEN ROLANDO M AQUINO AFP (RET)

Director (Since July 17,2017)

BGen LibradoB Moog AFP(Ret)
BGEN LIBRADO B MOOG AFP (RET)

Director (Since July 7, 2017)

MGen Job S Yucoco AFP
MGEN JOB S YUCOCO AFP

Director (since September 30, 2015)
Replaced MGen Victor V Bayani

BGen Arthur M Biyo AFP
BGEN ARTHUR M BIYO AFP

Director (Since July 7, 2017)
Replaced Col Antonio G Mangoroban Jr.

Col Roy Galido PA (GSC)
COL ROY M GALIDO PA (GSC)

Director (since November 29, 2016)
Replaced Col Franco Nemesio M Gacal PA

Capt Tito Alvin Andal PCG
CAPT TITO ALVIN G ANDAL PCG

Director (since September 29, 2016)
Replaced Captain Juan Manuel DF Ramos PCG

Romel Tradio
SSUPT ROMEL C TRADIO

Director (Since July 7, 2017)

Mr Jose Luis Z Moreno
MR JOSE LUIS Z MORENO

Independent Director (since November 29, 2011 – 5 years and 7 months)

Corazon D Bumanlag
MS CORAZON D BUMANGLAG

Independent Director (since March 26, 2013 – 3 years and 2 months)

Prof Jose S Navarro
PROF JOSE S NAVARRO

Independent Director (since December 1, 2015 – seven months)
Replaced Atty Augusto Z Fajardo on December 1, 2015

Ms Annie D Arce
MS ANNIE D ARCE

Director (Since July 7, 2017)
Replaced Ms Regina Fajotina

Atty Maria Cecillia A Capa
ATTY MA CECILIA A CAPA

Corporate Secretary

Executives

LtGen ALan R Luga AFP (Ret)
LTGEN ALAN R LUGA AFP (RET)

President & CEO (since July 1, 2014)
Director (since July 1, 2014)

LTGen Oscar P  Lopez AFP (Ret)
LTGEN OSCAR P LOPEZ AFP (Ret)

Senior Vice President

Management

Noemi Sablaya
Noemi O Sablaya

Chief Finance Officer

Adornado Estabilio
Adornado A Estabillo

Head, Internal Audit Department

Atty Dyna Pescante
Ma Dyna D Pescante

Corporate Legal Counsel

Zenaida Tan
Zenaida A Tan

Chief Sales Officer

Jose Leo Lemuel Caparas Jr
Jose Leo Lemuel G Caparas Jr

Head, Office of Strategy Management

Jerry Balauro
Jerry L Balauro

Head, Claims Department

Camilo Del Rosario
Camilo M Del Rosario

Head, Underwriting Department

Maribel Benigno
Maribel F Benigno

Head, Human Resources Department

Col Nestor Merginio AFP (Ret)
Col Nestor A Merginio

Head, Administration Department
/ OIC, IT

AFPGEN BUILDING

ADDRESS:
Bonny Serrano Road,
cor EDSA, Camp Aguinaldo,
Quezon City
TRUNKLINE:
(02) 911-9888
MOBILE:
0998-8462616

POEA(OFW Branch)

ADDRESS:
185 Brgy. Wack-Wack
EDSA, Greenhills East,
Mandaluyong City
TRUNKLINE:
(02) 534-9485
MOBILE:
0998-849-4402