Who we are?

CLIMBS Life and General Insurance Cooperative is a life and non-life insurance cooperative duly licensed by both the Cooperative Development Authority and the Insurance Commission born in Cagayan de Oro City.

Founded in 1971 by the late Atty. Mordino Cua and Atty. Aquilino Pimentel Sr., CLIMBS started by offering mutual protection to its members as an alternative to insurance products offered by big traditional insurance companies especially in the Visayas and Mindanao.

With increasing number of members who wish to be covered by insurance, throughout the years, CLIMBS offered more and more services to cover their increasing needs. It eventually ventured into partnerships with primary cooperatives nationwide to become a distribution channel of insurance products and services to its members and, overall, as a financial solutions provider to cooperatives and their respective members nationwide.

From humble beginnings, to date CLIMBS grew into a cooperative with assets worth 2.5 billion pesos, life confirmation of coverage of 3.6 million and non-life insurance of 39,609 policies (December 2016).

Even with its success, CLIMBS stays firmly rooted where it began and its head office in Cagayan de Oro still remains as the center of operations for servicing its members nationwide.

Today, CLIMBS is now a group of companies with insurance as its major business complementing each other and creating a holistic range of products and services for its members.

Subsidiaries

  • Coop Life Insurance and Financial Services Agency (CLIFSA)
  • CLIMBS Institute of Financial Literacy (CIFL)
  • CLIMBS Share Capital Equity Investment Fund Corporation (CSCEIFC)
  • CLIMBS Investment Management and Advisory Corporation (CIMAC)