COMPANY INFORMATION

R & B INSURANCE CORPORATION was incorporated on May 11, 1959 and duly licensed by the Insurance Commission on June of the same year. Administrative Order No. 301 penned by Philippine President Carlos P. Garcia authorized R&B to likewise engage in suretyship.

R & B was founded by pioneering and prominent Filipino businessman, the Romans and Banzons of Bataan, from whose initials the company derived its corporate name. The Company is engaged in the insurance of non-life risks and the issuance of surety contracts.  

Insurance Commission records bear out the fact that R & B is consistently one of the few companies with no complaints with regard its claims settlement practices; and the early issuance of its Certificate of Authority is proof of R & B’s compliance with the stringent requirements of the Insurance Commission with respect to its methods of doing business. Likewise, out of the 100 non-life insurance companies presently operating in the Philippine market, R & B is one of the selected companies with good solvency margins: this translates to the insurer’s acid test of financial stability, its ability to pay claims fast!.

And this ability to pay claims fast is translated to experience. Rather than opt to accept all risks offered solely to increase business volume, R & B underwrites conservatively by carefully screening risks through underwriting standards that minimize risks with patent moral hazards. In rejecting such undesirable risks, R & B is able to devote its time to those clients who genuinely need financial protection in times of the occurrence of the insured perils. This policy definitely works to the advantage of its clients since R & B is able to settle its claims within seven days from the time the liability is established. R & B clients enjoy person-to-person service without having to go through red tape.

Despite the absence of gimmickry and publicity, R & B’s clientele has remained loyal through the years because of the realisation that the Company’s No Frills Service, is in essence service where it counts most – protection promptly provided when misfortune arises.   Unlike insurers which come when the good times roll and leave when business is bad, R&B’s continuous and steadfast commitment through all the years since it was established shows that R&B is definitely reliable.

With its financial resources, with its track record, and with its underwriting and claims practices, R & B Insurance Corporation confidently assures