September 7, 2021
Insurance takes up record 2.3% of GDP
MANILA, Philippines — The pandemic has compelled Filipinos to acquire private savings which they can…
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May 26, 2021
Insurance industry pays out P3.89 billion in COVID-19 claims
MANILA, Philippines — The insurance industry was able to pay out a total of P3.89…
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May 3, 2021
Insurer profit down 8.6 percent in 2020 as pandemic hammers markets
MANILA, Philippines—The pandemic-induced recession that battered financial markets everywhere led to a drop in life…
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April 20, 2021
Life insurance sales grow in 2020 amid pandemic
MANILA, Philippiines—Despite the pandemic-induced recession, life insurers’ sales grew by 5.9 percent to P247.7 billion…
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March 2, 2021
Fewer Filipinos covered by micro-insurance; sales down 33.2% in end-Sept 2020
MANILA, Philippines — Even as microinsurance was cheaper than most insurance coverage, sales during the first…
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February 1, 2021
Insurers post lower premium income in 2020
MANILA, Philippines — The local insurance industry recorded a lower premium income from January to…
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December 29, 2020
Insurance premium income dips as pandemic batters businesses
THE local insurance industry’s total premium income slipped in the first six months of 2020…
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November 3, 2020
IC withdraws temporary relief given to insurers
MANILA, Philippines — The Insurance Commission has withdrawn the temporary regulatory relief it earlier granted…
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October 27, 2020
Proposed cap on insurance firms’ capital needs scrapped
MANILA, Philippines — The government has scrapped a proposal to cap the minimum net worth…
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September 25, 2020
Insurance premiums rise 10.5% in Q1
MANILA, Philippines — Insurers generated 10.5 percent more premiums in the first quarter as both…
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