About Aon in Philippines
Aon Philippines is the country's largest insurance, risk-management and employee-benefits consultancy. Our staff of 125 professionals, based in Makati, Mandaluyong and Cebu Cities, are committed to providing the highest-quality service to all of our clients, consisting of blue-chip firms, Global 500 multinationals and other venerable institutions.
Noteworthy facts about the Philippine insurance market:
- Insurance tariffs apply for Property, Motor Vehicle & Surety
- Non-Admitted insurance is prohibited
- Insurance is compulsory for Motor-Vehicle Third Party, Workmen's Compensation and Comprehensive General Liability -- Premises/Operations for certain locations in Metro Manila
- Reinsurance
- no mandatory cessions
- fronting costs of approximately 2.5% - 7.5%