Standard Insurance Co., Inc.
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| Private | |
| ISIN | 🆔 |
| Industry | Insurance |
| Founded 📆 | 1958 |
| Founder 👔 | |
| Headquarters 🏙️ | Philippines |
Area served 🗺️ | |
Key people | Patricia Echauz-Chilip (President & CEO) |
| Products 📟 | Non-life insurance |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Standard Insurance Co., Inc. is a non-life insurance company based in the Philippines. Established in 1958, it provides motor, property, travel, personal accident, and other general insurance products through a nationwide branch and agent network.
The company holds ISO 9001:2015 certification for policy issuance and claims settlement and has been rated by Global Credit Rating Co.[1]
Standard Insurance has maintained its ISO certification (originally ISO 9001:1998, later upgraded to multi-site ISO 9001:2008) according to *Philstar Global*.[2](GCR).[1]
History
Standard Insurance was founded in 1958 in the Philippines. In its early years, the company primarily offered motorcar insurance, later expanding into other forms of non-life coverage. Operations The company provides a range of non-life insurance products, including motor, property, marine cargo, personal accident, and travel insurance. It distributes these through branches, agents, and partnerships with businesses in the automotive and financial sectors.[3]
Corporate Social Responsibility
Standard Insurance has supported various educational and community initiatives. It has partnered with the Philippine Coast Guard through the donation of speedboats for maritime patrol and coastal clean-up operations.[4] It has supported safe vehicle dismantling and recycling and has been partnered with Toyota on this. [5]
Recognition
In 2024, Global Credit Rating Co. reaffirmed Standard Insurance’s national scale financial strength rating at A+ (PH).[1] The company has also received ISO 9001:2015 certification from SGS for its quality management systems.
Industry publications such as World Finance and Global Banking & Finance Review have also cited the company in their rankings and features.[6]
References
- ↑ 1.0 1.1 1.2 "Ratings History: Standard Insurance". GCR Ratings. Retrieved 22 August 2025.
- ↑ "Standard Insurance keeps investment grade". Philstar Global. 4 December 2012. Retrieved 22 August 2025.
- ↑ "Ratings History: Standard Insurance". GCR Ratings. Retrieved 22 August 2025.
- ↑ "Standard donates speedboats to Coast Guard". BusinessMirror. 21 June 2017. Retrieved 22 August 2025.
- ↑ "Toyota Motor Philippines partners with Standard Insurance". AutoIndustriya. 14 February 2017. Retrieved 22 August 2025.
- ↑ "Feature Interview with Patricia Echauz-Chilip". Global Banking & Finance Review. 2014. Retrieved 22 August 2025.
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