Pioneer’s life operations began in 1964, and by 1997 a joint venture called Pioneer Allianz was formed with Allianz AG of Germany. In 2003, a mutual agreement was reached for Pioneer Life to move forward as a 100 percent Filipino company. The relationship with former joint venture partner Allianz remains strong with Allianz SE taking the role of principal reinsurer for Pioneer Life.
Pioneer Life Inc. continues to grow with an agency force numbering over 500 and gross written premiums of over –P692 million. With capital of –P761 million and managed assets of –P2.7 billion in 2008, the company carries its philosophy that the customer is king through all aspects of its business.
