Philippines
Philippine HMO industry net income soars 123% in FY 2024
Philippine HMO industry net income soars 123% in FY 2024
The sector posted a net income of $16.7m.
3 days ago
Philippine pre-need income doubles in Q4 2024
Also, the sector’s total assets grew by 8.12%.
4 days ago
Philippine deposit insurer raises maximum coverage to P1m
Previously, the MDIC amount was $8,630.44 (₱500,000).
6 days ago
Pru Life UK’s Manila headquarters embraces hybrid work
The office has recreational and wellness areas to help employees recharge.
6 days ago
Philippine gov’t insurer sees net income surge of 21% YoY in 2024.
It disbursed $3.06b (₱179.92b) in claims and benefits last year.
Philippines life insurance rises whilst non-life declines in Q4 2024
Both sector’s total assets grew YoY.
Philippines’ insurance penetration improves to 1.7%
The average insurance spending per capita, likewise, climbed to $66.2.
AXA Philippines launches new health plan for critical illnesses
The plan offers coverage for over 150 medical conditions.
Allianz PNB cuts product rollout by 30% with new partnership
The insurer aims for customers to receive policies in five minutes.
FWD Philippines boosts presence in Cebu
It now has 17 business hubs nationwide.
Philippine Crop Insurance to disburse farmer payments via GCash
Farmers no longer required to visit PCIC offices.
Pru Life UK, AAIIBP boost Islamic finance
It also partnered with Al Amanah Islamic Investment Bank to promote Islamic finance.
Philippine Deposit Insurance remits $2b to fund gov’t projects
The Deposit Insurance Fund is kept within the target level established by the board.
Philippines set to increase deposit insurance in 2025
The PDIC’s current maximum insurance coverage amount is at $8,522.32.
Philippine state insurer raises heart disease coverage
Filipino inpatients can avail of the coverage under two benefit packages.
Pru Life UK opens new BGC headquarters in Manila
The insurer’s total workspace in the country is now at 100,000 sq ft.
Philippine medical costs projected to rise 18.3% in 2025
This was correlated to the rise in the state insurers' claims and benefits paid.
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