National Reinsurance Corporation of the Philippines underwrites life and non-life reinsurance to insurance companies in the Philippines and neighboring insurance markets. It offers non-life reinsurance products, including fire insurance that covers perils, and commercial and industrial risks; engineering insurance, which covers construction and erection risks; electronic equipment insurance; machinery breakdown, boiler, and pressure vessel insurance; liability insurance, which includes general liability, terrorism, directors and officers liability, products liability, and errors and omission; money securities and payroll, and fidelity guarantee; property and equipment floaters; personal accident; and other miscellaneous lines like hole-in-one. The company also provides a range of reinsurance arrangements, which cover motor, property, casualty, marine, and surety; and life reinsurance products, such as mortality and morbidity risks, medical reinsurance, catastrophe, and coinsurance, as well as provides consultancy, technical, and advisory services. The company was founded in 1977 and is based in Makati City, the Philippines.