News

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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Growth expected, but challenges ahead

Asia Insurance Review, Country Profile-Philippines, Feb 2020
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Microinsurance premiums, coverage expand in 2019

PERSONS COVERED and premiums of the microinsurance industry increased in 2019, data from the Insurance…
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Insurers’ premium income rises

  THE INSURANCE industry’s premium income grew in 2019 as all sectors reported increases in…
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Life sector spurs 20% growth in insurance industry’s 2019 income

THE INSURANCE INDUSTRY’S total net income booked double-digit growth in 2019 buoyed by a spike…
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