In the insurance sector, where trust hinges on promises that extend over many years, financial strength is not merely a metric—it is a profound responsibility. Etiqa Philippines continues to exemplify stability and resilience, firmly anchored by robust capitalization, disciplined risk management, and the solid support of its regional parent institutions.
Strong Capitalization Exceeds Regulatory Standards
As a composite insurer, Etiqa Philippines maintains separate and robust Risk-Based Capital (RBC) positions for its Life and Non-Life businesses, both significantly surpassing the requirements set by the Insurance Commission. As of 2024, the Life Insurance business operates at an RBC level twice the regulatory requirement, while the Non-Life Insurance business functions at five times the required minimum. These substantial capital buffers reflect prudent financial stewardship and the company's capacity to absorb market volatility while consistently meeting obligations to policyholders across all business lines.
Additionally, the company complies with the ₱1.3 billion minimum capital requirement for life insurance companies, reinforcing its operational stability and readiness for sustainable, long-term growth.
Regional Backing and Expertise
Etiqa Philippines is part of Etiqa International Holdings (EIH), the insurance arm of the Maybank Group, one of Southeast Asia's leading financial institutions. EIH operates across Malaysia, Singapore, Indonesia, Cambodia, and the Philippines, facilitating the transfer of regional expertise, governance discipline, and best practices across markets. Maybank Group is Southeast Asia's fourth-largest bank by assets and the only foreign bank present in all ten ASEAN countries. This strong institutional backing provides Etiqa Philippines with financial depth, risk management discipline, and access to global standards in operations and governance.
Performance and Claims Settlement
Financial strength is ultimately measured by performance. In 2025, Etiqa Philippines paid nearly ₱4 billion in claims across life, health, and general insurance lines, highlighting its consistent ability to deliver on commitments when customers need support the most. Each settled claim represents more than a transaction—it signifies a promise honored, reinforcing trust and reliability.
Disciplined Risk Management Framework
Complementing its capital strength is a conservative and disciplined risk management framework aligned with international standards. Etiqa Philippines adheres to rigorous underwriting practices, prudent investment strategies, and strong internal governance controls. This approach ensures sustainability while balancing growth with long-term security for policyholders, prioritizing resilience over aggressive expansion.
Leadership Perspectives
Anthony Bernabe, President and Chief Executive Officer of Etiqa Philippines, emphasized, "Financial strength is fundamental to the trust our customers place in us. Maintaining capital well above regulatory requirements across both our Life and Non-Life businesses allows us to protect policyholders today while ensuring we remain resilient for decades to come. Our responsibility is not just to be strong—but to stay strong, for the long term."
Supporting this view, Modesta Mammuad, OIC–Chief Financial Officer, highlighted the discipline behind the numbers. "Our management deliberately focuses on capital adequacy, risk discipline, and sustainable financial management. These pillars ensure that Etiqa Philippines remains well-positioned to meet policyholder obligations while supporting future growth," Mammuad stated.
Customer Assurance and Future Outlook
For customers, financial strength translates to assurance—confidence that policies remain secure through economic cycles, that claims will be paid promptly, and that long-term protection plans will be honored. As the insurance landscape continues to evolve, Etiqa Philippines remains steady, guided by disciplined financial management, regional strength, and a customer-first mindset, ensuring ongoing stability and trust in an ever-changing market.
