Philippines

Singlife offers funeral coverage of up to $9,000 via app

Funeral expenses in the Philippines often exceed $3,600.

FWD Life Insurance is the Philippines' top life insurer in Q1 2025

Its new business annual premium equivalent rose 57% during the quarter.

Insular Life posts 1.1% rise in FY 2024 net income

New Business Premiums surged by 20.0% YoY.

Generali completes sale of Philippine unit to Insular Life

In a previous announcement, this could result in a capital loss of ~$23m.

How did the Philippines’ insurance market perform in Q1 2025?

The commission expects this momentum to continue through the year.

Philippines’ non-life sector gains from reinsurance capacity: AM Best

Additionally, insurers are expected to benefit from improved investment income.

Philippines HMO sector soars in Q1 2025

The growth is primarily driven by the 26.15% increase in the collection of membership fees.

Philippines orders higher insurance for private vehicle riders

The PPAI provides up to $7.2k (₱400,000) in death benefits.

Philippines expands allowable investments for regulated insurers

It introduces investment types like debt securities by supranational organisations.

Philippines calls for more gender-specific insurance and HMO plans

The commission also encourages gender-sensitive plans and programmes.

AXA Philippines partners with Grab, MOVE IT on gig insurance

The gig workers are eligible for up to ₱1m of insurance coverage.

FWD launches Set for Life Plus amidst career uncertainty

More Filipinos are delaying traditional life choices such as marriage and parenthood.

Entrepreneurship remains a pipedream for many Filipinos

Enterprisers struggle with cumbersome loan requirements and high collateral.