Pioneer’s life operations were established in 1964, and its evolution has included a fruitful five-year joint venture with Allianz AG of Germany in the form of Pioneer Allianz. Following the joint venture in 2003, an agreement was reached to move forward as a 100 percent Filipino-owned company.
Today, Pioneer Life Inc. is a significant player in the industry, and it continues to grow with a record number of Million Dollar Round Table qualifiers. In 2013, Pioneer Life generated gross written premiums of close to P2.2 billion, supported by equity of over P1.0 billion and assets of almost P7.5 billion.
In 1966, Pioneer established a non-life subsidiary focusing on non-traditional insurance packages, Pioneer Intercontinental Insurance Corporation.
The group’s flagship company Pioneer Insurance & Surety Corporation was established in 1954. In 2013, it counted gross premiums written of almost P4.8 billion. Backed by equity of some P8.6 billion and assets of around P17.3 billion, Pioneer’s market leadership is highlighted by its strong position across all non-life insurance lines, including property, marine, motor, and aviation.
A non-life subsidiary focusing on non-traditional insurance packages, Pioneer Intercontinental Insurance Corporation, was established in 1966.
Formerly named Pioneer Asia Insurance Corporation, the company was established in 1963. On September 10, 2013, the Security and Exchange Commission approved the amendment of its corporate name to CARD-Pioneer Microinsurance Inc. It is the country's first non-life company specifically created to address the calamity, agriculture and income loss insurance needs of the marginalized market.