Philippines
Philippines life insurance rises whilst non-life declines in Q4 2024
Philippines life insurance rises whilst non-life declines in Q4 2024
Both sector’s total assets grew YoY.
1 day ago
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.
Pru Life UK launches PRULink Flexi Income Fund in the Philippines
The fund aims to provide a steady source of income through monthly payouts.
Security Bank, FWD Philippines extend strategic partnership
The Philippines’ rising income per capita represents opportunities for expansion.
Singlife’s new investment-linked plan offers 5% annual payout
It comes at a one-time premium starting at $516.28.
Generali leaves Philippine market, InLife swoops 100% shares
The transaction is anticipated to close in H1 2025.
InLife’s retirement plan guarantees monthly payout
The plan also includes a life insurance component.
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Ageing populations and rising mortality main concerns for life insurers and reinsurers