About Us - SGI Phils, Monarch Insurance Company

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 serve them 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. Born of Rich LegacyThe Company was incorporated in 1964 by the American Foreign Insurance Association (AFIA) the largest worldwide insurance provider and was acquired by the Soriano family in 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.

Shriram Group

Shriram is a leading Indian Conglomerate engaged in a variety of financial services including Commercial Vehicle Financing, Consumer & Enterprise Finance, Retail Stock Broking, Life Insurance, Chit Funds and Distribution of Investment & Insurance Products. The group size can be judged by the numbers. Today the group has over 79,000+ employees and operating through 3850 branches and manages funds of over USD 22 Billion in Financial Services including Life Insurance and General Insurance.

SANLAM Group

Sanlam Group, the largest insurer in South Africa with a Market Cap of over US$10 Billion, provides financial solutions including investments, asset management, stockbroking, capital market and insurance. They are 26% partner in Shriram Capital, the mother company of Shriram Group.

Our Vision

To be the most trusted and preferred non-life insurer of a common man.

Our Mission

To provide insurance services of high quality at affordable cost and achieve customer ecstasy by providing needed innovative products using latest technology.

Our Core Values

- Customer’s interest ahead of our own
- Absolute integrity and transparency.
- Utmost confidentiality of customer information
- Value for money
- Speedy Service and Customer satisfaction

We're proud of what we do - we act sensitively with the highest standards of integrity and social responsibility.

Corporate Governance

Our Board of Directors

Dr. Victor S. Limlingan, Chairman
Leandro M. Estrera, Director, President and Chief Executive Officer
Kuok Khoon Ping, Director
Jasmit Singh Gujral, Director
Akhilesh Kumar Singh, Director
Anil Kumar Aggarwal, Director

About-us