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ABOUT US

About Us

CORPORATE PROFILE

Perla Compania de Seguros, Inc. (Perla Insurance) was incorporated in 1963 and has its Corporate Headquarters at the Second Floor of Perla Mansion, 117 Carlos Palanca Street, Legaspi Village, Makati City. We have established fifteen other branches to service our clientele throughout the country.

Also known as Perla Insurance, we have committed ourselves to provide an efficient and conveniently accessible service to all our Assureds. Concrete proofs of this commitment are the thirteen branches, all company-owned buildings in the key cities of Bacolod, Butuan, Cabanatuan, Cagayan de Oro, Cebu, Cotabato, Davao, Dumaguete, Gen. Santos, Iloilo, Pagadian, San Pablo, Zamboanga. Perla Insurance also has a branch in Iligan and Valencia.

The vision of the company is to be among the major players in the non-life insurance industry, distinguished by our closeness to the market and our service excellence. Our success is built on our shared values of integrity, service excellence and financial stability. Through the excellent claims servicing provided by our professional and competent personnel and our decentralized branch set-up, we fulfill our mission to provide peace of mind and security to all our customers.

Our website, www.perlainsurance.com is our way of using technology to communicate with all our stakeholders. The site enables our clients to stay in touch with us and our prospective clients to know more about the products and services we offer.

As of December 31, 2020 Perla Insurance’ cash and total investment portfolio amounted to Php 1.25 Billion: 97% of total assets comprised of cash, short-term investments, stocks, government bonds and securities. The net worth of the company is at Php 1.18Billion with paid-up capital at P250 Million. Net Income for year 2020 was P50 Million.

Perla Insurance has entered into reinsurance treaties with professional reinsurers both here and abroad. This has enabled Perla Insurance to underwrite multi-million peso risks. With such resources to back up its contingent obligation, Perla Insurance can underwrite with confidence the different lines of non-life insurance: Fire, Motorcar, Personal Accident, Marine Cargo, Comprehensive General Liability, & Engineering.

This year we are expanding our network to service the growing needs of the non-life insurance clientele through the strength of an effective, efficient, dedicated & professional agency and workforce.

VISION

We will be among the major players in the non-life insurance industry, distinguished by our closeness to the market and our service excellence

MISSION

We provide the insuring public protection for their valuable assets against the risks of everyday life because their peace of mind and security is our primary concern We maximize the value of our enterprise for all our stakeholders

VALUES

In pursuing our vision and living our mission, we shall conduct business guided by our core values of:

Integrity – honoring our commitments and being honest and fair in all our dealings

Service Excellence – going beyond our customers’ highest service expectations by developing strong personal relationships with them and providing value-added products and services through empowered and highly motivated employees

Financial Stability – optimizing the use of our resources to sustain our financial strength and to assure our stakeholders of our long-term stability and continued profitable growth

PRESIDENTIAL REPORT

To all our Stakeholders:

When a customer purchases an insurance policy, he doesn’t get any tangible product in exchange for his hard-earned cash. What he is actually buying is a promise: a promise of financial support and compensation in some of his or her most difficult moments, in cases of loss or damage to valuable assets.

In this period of uncertainty, when so many insurance companies are closing down and suspending operations, the customer’s choice of whose promise to count on becomes even more crucial. Will the company that you place your trust in still be there to fulfill their promise when the moment comes for you to call on them to do so?

In an effort to protect the insuring public from companies that are ill-prepared to meet their obligations to their customers, the government has progressively increased the capitalization requirement for all insurance companies over the last few years. Through this process, poorly capitalized companies are weeded out of the market, leaving only those best prepared to serve their customers fairly and reliably.

I am pleased to announce that Perla Insurance has stayed well ahead of the curve in terms of meeting these capitalization requirements, with a total net worth close to P1.2 billion in 2020. We fully expect to meet the government’s ultimate goal of P1.3 billion in minimum capitalization, ahead of the 2022 deadline. We are excellently positioned to be one of the few surviving non-life insurance providers in a period of turbulence and consolidation in the insurance industry.

We have not achieved this enviable position easily. It is the result of our strategy of pursuing disciplined (and thus, profitable) growth, characterized by prudent and pro-active underwriting of risks, and going after only the best quality customers. We have targeted primarily business that will help us to achieve our required minimum returns, reducing our dependence on low margin classes of businesses and focusing more on our bottom line than our top line. This has allowed us to grow our company’s net worth primarily by achieving consistent annual net profit. Our P1.3 billion in liquid assets is a testament to the wisdom of this strategy, and provides our customers with the peace of mind and security that they deserve.

We continue to strengthen our human resource by recruiting competent people to join our team. We continue to invest in new technology. Having the right people and the right technology in place has allowed us to more effectively live out our philosophy of continuous process improvement, resulting in an enhanced ability to delight our customers and agents and build long term win-win relationships with all our stakeholders.

I would like to thank all our employees and agents for their enthusiasm and dedication in going the extra mile for our customers. I also would like to thank our customers and partners for placing your trust in us.

On behalf of the leadership team and the entire Perla Insurance family, we commit to devote our continued best efforts to build an organization that lives up to our deeply-held value of service excellence. We will be unwavering in our commitment to always deliver on the promises that we have made to you.

The last few years have been excellent for Perla Insurance. But the best is yet to come.

JEFFREY LIM
President

KEY PERSONNEL

BOARD OF DIRECTORS


JUDY MONTINOLA LOU
Chairman


Katherine C. Lim

Rodolfo P. Ang

Jeffrey Lim
 
Julia L. Fideles

James Alfred Lim

George Edwin Lee


OFFICERS

PRESIDENT

SENIOR MANAGERS







TREASURER

CORPORATE SECRETARY
 Jeffrey O. Lim

Ester J. Berdida

Raymund Cabasis

Mary Jane J. Dela Vega

Manny I. Peru

James Julian Lim

Julia L. Fideles



COMMITTEES


EXECUTIVE COMMITTEE


Jeffrey Lim – Chairman

James A Lim

Julia Fideles


NOMINATING COMMITTEE


George Lee – Chairman, Independent

Rodolfo Ang – Independent

James Alfred Lim


REMUNERATION COMMITTEE


Rodolfo Ang – Chairman, Independent

George Lee – Independent

Katherine Lim


AUDIT COMMITTEE


Rodolfo Ang – Chairman, Independent

George Lee – Independent

Judy Montinola Lou

BRANCHES

BACOLOD

Nelven P. Guevarra

Perla Compania de Seguros Building
Corner Rosario & Mabini Street
Bacolod City 6100
Tel.: (034) 434-6648
Telefax: (034) 434-6648
Cellphone No.: (0942) 453 7524
bacolod@perlainsurance.com

BUTUAN

Rochelle A. Lomonsod

Perla Compania de Seguros Building
Datu Silongan Street
Butuan City 8600
Tel.: (085) 815-5024
Telefax: (085) 815 5024
Cellphone No.: (0930) 814 8826
butuan@perlainsurance.com

CABANATUAN

Reilen Cruz

Perla Compania de Seguros Building
Corner Gen. Tinio & Zulueta Street
Cabanatuan City 3100
Tel.: (044) 463-0051
Telefax: (044) 463-7973
Cellphone No.: (0966) 774 8757

cabanatuan@perlainsurance.com

CAGAYAN DE ORO

Janison B. Baguio

Perla Compania de Seguros Building
Corner Don Apolinar Velez
& Montalvan Street
Cagayan de Oro City 9000
Tel: (088) 856-4479
Cellphone No.: (0961) 7191205
cagayan@perlainsurance.com

CEBU

Patrick P. Mendoza

Perla Compania de Seguros Building
Archbishop Reyes Street
Cebu City 6000
Tel:(032) 412-7396 or (032) 232-3047
Telefax:(032) 232-3161
Cellphone No.: (0922) 3163498
cebu@perlainsurance.com

COTABATO

Cholie Paclauna

Perla Compania de Seguros Building
Quezon Avenue
Cotabato City 9600
Tel: (064) 421-6546 or (064) 421-2080
Cellphone No.: (0932) 7528311
cotabato@perlainsurance.com

DAVAO

Penon Mark U. Pacatang

Perla Compania de Seguros Building
13 Jose Palma Gil Street
Claveria District, Davao City 8000
Tel.: (082) 222-1284
Telefax: (082) 222-1285
Cellphone No.: (0938) 657 3372
davao@perlainsurance.com

DUMAGUETE

Arphel J. Radoc

Perla Compania de Seguros Building
Real St. (fronting Capitol Ground)
Dumaguete City 6200
Tel.: (035) 528-9522
Telefax: (035) 225-4749
Cellphone No.: (0942) 5541674
dumaguete@perlainsurance.com

GENERAL SANTOS

Cherill O. Cortado

Perla Compania de Seguros Building
Corner JP Laurel East Avenue
& Sampaguita Street
General Santos City 9500
Telefax: (083) 301 8133
Cellphone No.: (0922) 6973726
gensan@perlainsurance.com

ILIGAN

Jo-ann T. Entoma

2nd Floor, Garcia Building
Quezon Avenue
Iligan City 9200
Telefax: (063) 221-5323
Cellphone No.: (0922) 3168152
iligan@perlainsurance.com

ILOILO

Cynthia E. Pe

Perla Compania de Seguros Building
Sto. Rosario Street
(033) 508-2685
Iloilo City 5000
Telefax:(033) 336-4788
Cellphone No.: (0933) 111-9281
iloilo@perlainsurance.com

MAKATI

Raymund Cabasis

Perla Mansion
117 Carlos Palanca Jr. Street
Legaspi Village, Makati City 1229
Tel.: (02) 892-9548 to 50
Cellphone No.: 0949 8179478 (Sales)

0918 5252971 (Claims)
rcabasis@perlainsurance.com

PAGADIAN

Gendy L. Ochate

Perla Compania de Seguros Building
175 Benigno Aquino Street
Gatas District, Pagadian City 7016
Telefax: (062) 214-1390
Cellphone No.: (0963) 133 1566
pagadian@perlainsurance.com

SAN PABLO

Graciel B. Fernandez

Perla Compania de Seguros Building
145 C. Colago Avenue
San Pablo City, Laguna 4000
Tel.: (049) 503 3845
Telefax: (049) 562 0298
Cellphone No.: (0931) 037 5186
sanpablo@perlainsurance.com

VALENCIA

Lyle John P. Plazos

2/F Alkuino-Metiam Building,
P-2, Sayre Highway
Poblacion, Valencia City, Bukidnon
Tel.: (088) 828-1335
Cellphone No.: (0925) 7054770
valencia@perlainsurance.com

ZAMBOANGA

Elsie E. Pardillo

Perla Compania de Seguros Building
Governor Alvarez Avenue
Zamboanga City 7000
Tel.:(062) 990-1956
Telefax: (062) 991-0705
Cellphone No.: (0905) 8866132
zamboanga@perlainsurance.com

FINANCIALS

FINANCIAL STATEMENTS

Year

2020 View
2019 View
2018 View
2017 View
2016 View
2015 View
2014 View
2013 View

NOTES TO FINANCIAL STATEMENTS

Year

2020 View
2019 View
2018 View
2017 View
2016 View
2015 View
2014 View
2013 View

SYNOPSIS OF ANNUAL STATEMENT

Year

2019 View
2018 View
2017 View
2016 View
2015 View
2014 View
2013 View

CORPORATE GOVERNANCE

 

CERTIFICATE OF FILING OF AMENDED ARTICLES OF INCORPORATION

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CORPORATE GOVERNANCE SCORECARD
FOR FINANCIAL YEAR ENDING IN 2015

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ANNUAL REPORT
FOR 2015

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MINUTES OF ORGANIZATIONAL MEETING OF THE BOARD
HELD ON FEB 1, 2016

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ANNUAL STOCKHOLDERS MEETING
FOR 2016

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PROFILES OF DIRECTORS
FOR 2016

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NOTICE OF ANNUAL STOCKHOLDERS MEETING FOR 2016
POSTED ON DECEMBER 28, 2015

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MANUAL ON CORPORATE GOVERNANCE
As of May 2016

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SPECIAL ORGANIZATIONAL MEETING OF THE BOARD
HELD ON APRIL 13, 2015

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MINUTES OF ORGANIZATIONAL MEETING OF THE BOARD
HELD ON FEB 2, 2015

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ANNUAL GENERAL STOCKMEETINGS MEETING
HELD ON FEB 2, 2015

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THE DATA PRIVACY ACT

We at Perla Insurance value and respect the fundamental rights of all individuals to the privacy of their personal data, and we commit to the responsible and lawful treatment of all personal data we handle.

PUBLIC SERVICE INFORMATION

These documents are the rankings of the different non-life insurance companies in the Philippines issued by the Insurance Commission. The documents listed here are linked to the website of the Insurance Commission.

RED DEVELOPMENTS

Red Developments, in the same color as our new corporate logo, speaks of the most recent developments in Perla Insurance. It shows all its members alive, passionate and with the drive to reach our vision.

Welcome to Perla Insurance!

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