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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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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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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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MANILA, Philippines — The Insurance Commission has withdrawn the temporary regulatory relief it earlier granted…
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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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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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IC issues rules to protect PWDs from discrimination
MANILA, Philippines — The Insurance Commission (IC) has instructed all regulated entities selling various insurance…
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60-day debt moratorium backed
MANILA, Philippines — Business groups lauded the compromise both houses of Congress reached on the…
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IC sees ‘financial danger’ in 1-yr freeze in payments
The Insurance Commission (IC) thumbed down the proposed yearlong grace period on life insurance and…
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Covid-19 insurance claims hit P326.95 million
Total Covid-19 related claims paid by the insurance industry amounted to P326.95 million, with medical…
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