1. Underwriting

          Underwriting is the core function of the Company. They write most of non-life insurance i.e. fire, marine and transportation, motor and miscellaneous. These are:
          - Direct insurance: The direct business comes from agents, brokers, broker firms and branch offices and which accounts for over 90 percent of the total written premiums.
          - Reinsurance and retrocession is ceded to and accepted from other insurance companies to spread risks.

 2. Investment

          In addition to underwriting, the Company also spends its income on investment in compliance with the type of investment and with limits for lines of investment as specified by regulations of the Office of Insurance Commission (OIC). The majority of the investment is in deposits with financial institutions, promissory notes, government bonds, debentures, stocks and unit trusts.

Business Objective

         The Company developed a strategic roadmap by setting an objective for the years 2015-2019 that focuses on sustainable growth of its market share, reduction of operating expenses and maintaining its current return on equity. The company’s long-term objective is to establish its presence in the individual as well as small and medium size business sectors of non-life insurance industry in line with the Company’s vision and mission.

         The Company’s strategy for the year 2019 has been reviewed and approved by the board of directors’ meeting held back in 2018. The Company emphasizes on being a smart working mid-sized insurance house that capitalizes on opportunities, sets its vision to achieve the goals for growth and at the same time, maintains profitability and preparation for expected market and regulatory changes including long-term reduction in cost.