Who we are?

CLIMBS Life and General Insurance Cooperative is a composite insurance cooperative owned by over 2000 cooperatives in the Philippines. CLIMBS is the leading GRASSROOTS INSURANCE and has been insuring cooperative members since 1971.

CLIMBS advocates a well-integrated coop insurance system: Life, Non-life and Health.

CLIMBS is registered with the Cooperative Development Authority (CDA) and the Insurance Commission (IC).

CLIMBS is a member of the Philippine Cooperative Center (PCC), National Confederation of Cooperatives (NATCCO), The Philippine Life Insurance Association (PLIA), Philippine Insurers and Reinsurers Association (PIRA) and International Cooperative and Mutual Federation (ICMIF).

 

MILESTONES

  • First Coop MBA
  • First Coop MBA to establish its own insurance company
  • First to Merge/Consolidate an MBA and an Insurance Company (CLIMBS & CLASP)
  • First Coop composite insurance company (Life and Non-Life)
    • The Composite license was issued by the Insurance Commission on April 22, 2010
  • Firs Coop Insurance to establish its own Financial Literacy Institute.

 

HIGHLIGHTS

  • Php 1.6 Billion in Assets
  • Php 888 Million in Equity/Net-worth
  • Php 3.63 Billion Total Premium (1971 to Present)
  • Php 1.546 Billion Total Paid Claims (1971 to Present)
  • Php 129 Million NonLife Claims for Typhoon Yolanda
  • Php 2 Million Life Claims for Typhoon Yolanda
  • 14.67 Million Total Policies Issued (1971 to Present