Insurance Commission

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    Date: 2021-06-17 16:43:54.083659

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    Date: 2021-06-18 13:23:34.737894

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    Date: 2021-09-13 11:35:01.944707

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Annual Financial Statements of Top 10 Insurance Companies

Requested from IC by E. Perez at 04:43 PM on Jun 17, 2021.
Purpose: Research and Development
Date of Coverage: 01/01/2018 - 12/31/2020
Tracking no: #IC-610776377432

Perez 04:43 PM, Jun 17, 2021

Hi! May I know if I can get the annual financial statements of the top 10 insurance companies: 

1. Malayan 
2. Prudential 
3. Pioneer 
4. BPI/MS
5. Charter Ping An 
6. FPG Insurance 
7. Standard Insurance 
8. UCPB General Insurance  
9. Pacific Cross 
10. PNB General Insurance

Ignacio 01:23 PM, Jun 18, 2021

June 18, 2021

Dear Erica,

Thank you for your request dated Jun 17, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Annual Financial Statements of Top 10 Insurance Companies.

We received your request on Jun 17, 2021 and will respond on or before Jul 08, 2021 04:43:54 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTYxMDc3NjM3NzQzMgw, for request with ticket number #IC-610776377432.

Thank you.

Respectfully,

Edmar Ignacio
FOI Officer

Perez 01:39 PM, Jun 18, 2021

Hi, 

Kindly email the financial statements to me through this email address: 

edperez@standard-insurance.com. 

Thank you and keep safe!

Perez 01:40 PM, Jun 18, 2021

Hi, 

Kindly email the financial statements to me through this email address: 

edperez@standard-insurance.com. 

Thank you and keep safe!

Espejon 10:44 AM, Jun 21, 2021

June 21, 2021

Dear Erica Perez,

I refer to my letter of Jun 17, 2021 04:43:54 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Annual Financial Statements of Top 10 Insurance Companies.

In order for us to work on your request, we need more information from you regarding your query. In particular, it would be helpful to know which specific performance indicators are you referring to as the basis of the top 10 insurance companies, in order to proceed with request. You may take a look at the performance bases at the IC website:

https://www.insurance.gov.ph/statistics/life/ 
https://www.insurance.gov.ph/statistics/non-life/

You may use the reply function on the eFOI portal at https://pcoomaster11222017130000-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTYxMDc3NjM3NzQzMgw, for request with ticket number #IC-610776377432, to respond.

During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Sep 13, 2021 02:37:58 AM, your request will be closed.

We hope to hear from you at the soonest possible time.

Thank you.

Respectfully,

Tranquilino Espejon
FOI Officer

Perez 02:23 PM, Jun 22, 2021

Hi! May I know if I can receive the complete copies of the AFS (including the Notes to AFS) submitted by the mentioned companies through my email mentioned above? 

However, since the documents may be heavy to be sent via email, may we know if we can get a hard copy of the documents mentioned instead?

Espejon 11:35 AM, Sep 13, 2021

Sep 13, 2021

Dear Erica,

I refer to my letter of Jun 21, 2021 about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Annual Financial Statements of Top 10 Insurance Companies. In particular, I had requested specific information for you to clarify upon in order for us to proceed with the request.

As we have not received a reply within the 60-day working period since the letter requesting for clarification was sent out, we regret to inform you that this request will be closed as of Sep 13, 2021.

You may wish to submit a new request describing the specific information you are looking for, and we will be able to consider it under the guidelines as stated in Executive Order No. 2.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to or visiting our central office. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

Tranquilino
FOI Officer

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