Philippines
Philippine Deposit Insurance remits $2b to fund gov’t projects
Philippine Deposit Insurance remits $2b to fund gov’t projects
The Deposit Insurance Fund is kept within the target level established by the board.
4 days ago
Philippines set to increase deposit insurance in 2025
The PDIC’s current maximum insurance coverage amount is at $8,522.32.
5 days ago
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.
Philippines ends provisional insurance licenses
The commission wants to ensure that agents with regular licenses are allowed to sell.
Philippine HMO net income rebounds to $13.58m in Q3 2024
This is due to a 22.50% rise in total revenue.
New PH rule allows insurers and reinsurers to invest in infrastructure projects
Investments may be made through equity or debt.
PH manpower agencies must deposit $398 insurance for Bahrain-bound migrant workers
It will cover repatriation costs in case of employment termination.
Philippine’s premiums jump 14% in Q3 2024
It bagged $5.58b during the quarter.
Philippines urges HMOs to adopt PFRS 17 by 2027
HMOs shall not be precluded from early implementation.
Pru Life UK introduces Philippines' first Takaful insurance
It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.
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