News
April 18, 2022

Market Profile – Philippines Life insurance boosted by pandemic – Asia Insurance Review, April 2022 by Anoop Khanna

As the Philippines life insurance industry moves into a new phase after a turbulent pandemic,…
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March 2, 2022

Insurance payouts during pandemic hit nearly P17 billion

MANILA, Philippines — Insurance firms released almost P17 billion in benefits to their clients during…
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February 10, 2022

Insurers hike share to economic output

MANILA, Philippines — Insurers hiked their contribution to economic output last year as Filipinos spent…
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January 3, 2022

Insurers post improved performance in Q3

MANILA, Philippines — The insurance industry grew both its premiums sold and profit earned by…
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November 5, 2021

Number of Filipinos covered by microinsurance drops to 46.97 million in Q1

MANILA, Philippines — Overall sales of microinsurance grew 16.3 percent year-on-year to P2.31 billion in…
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October 28, 2021

Insurance premiums rise 37% to P187 billion

MANILA, Philippines — Insurance premiums grew more than 37 percent to P187 billion in the…
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September 23, 2021

COVID-19 insurance claims reach P4.35 billion in H1

MANILA, Philippines — The insurance industry paid P4.35 billion in COVID claims in the first…
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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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