PROVIDENT PLANS INTERNATIONAL CORPORATION - Makati City, Philippines

During the Pre-Hispanic Era, the concept of insurance as we know it today is non-existent. The Pre-Hispanic Filipinos, relying mostly on hunting and gathering for their subsistence, did not have the need for it as they are more concerned on how they will survive. Thus, every loss of a family or tribe member was borne alone by the person, family, or tribe where the deceased belonged to.

When the Spaniards came and colonized our country, insurance, in its present concept, was introduced in the Philippines. The Lloyd’s of London, simply known as Lloyd’s, is an insurance market located in London’s primary financial district, the City of London. It introduced the concept of insurance to the Philippines by appointing Strachman, Murray & Co., Inc. as its representative in the country.