Company Overview

SGI Philippines General Insurance Co., Inc.is a joint venture of Shriram Group, the Indian financial services conglomerate, and by SANLAM Group, the largest insurance company in South Africa. With paid-up capital more than Php 1.3 Billion (Php 1,300,000,000.00), SGI Philippines is ranked among the top insurance companies in this country. We have strength and commitment to protect the Filipino people and provide service with a smile.

Our wide portfolio of product is aimed at different sectors ranging from Fire Insurance to Motor, Engineering, Marine to Miscellaneous and PA Policies.

The Company was incorporated in 1964 by the American Foreign Insurance Association (AFIA) the largest worldwide insurance provider, at that time and was acquired by the Soriano family in the mid  70’s. In 1984, Cigna a leading American insurer merged with AFIA and Monarch Insurance thus became a subsidiary of AFIA CIGNA.

In 2011, Indian conglomerate Shriram Group took over the management of the company and initiated financial restructuring & regulatory

compliance. The group along with Sanlam Group of South Africa also invested in the company substantially. Shriram General Insurance, the fastest grown insurance company in India, further invested in the company in 2013 to become the largest stakeholder and provider of technology.