A Humble Beginning
Spectacrom Insurance Agency Corporation has been set up as a micro non-life insurance company for specific clients. SIAC, or simply SPECTACROM, is an offshoot of Contrading, Inc. (CTINC) a co-administrator of top insurance providers in the country, for the regular and ad-hoc employees of Ace Promotion and Marketing Corporation (APMC). APMC, in operation since 1977, is currently one of the country’s largest business conglomerates with over 10,000 employees in its various corporate offices and branches in major cities in the Philippines. For the past 10 years, CTINC has evolved from being just an intermediary between APMC and insurance providers for the insurance needs of APMC and its subsidiaries. When CTINC services have diversified to include most insurance products, APMC decided the time has come to establish a company that can handle the expanding insurance needs not just of its own employees, but also of individuals and entities long disregarded by huge insurance companies in the country. Hence, in January 2019, SPECTACROM was born. It has since taken over the functions of CTINC.