Philippines
Philippine reinsurance costs to hike from climate change impact
Driven by the high risk of natural disasters amidst climate change, non-life insurance plans may become more expensive.
Philippine reinsurance costs to hike from climate change impact
Driven by the high risk of natural disasters amidst climate change, non-life insurance plans may become more expensive.
Micro-insurance protection jumps 22.5% in the Philippines – Q1 2023
Individuals covered also climbed 15.4% to 51.70 million.
Philippines’ Insurance Council transitions HMO to receivership
The HMO had been under conservatorship since 18 January, due to its inability to meet the IC's requirements.
Philippine non-life insurance outlook turns sour: AM Best
The negative outlook was attributed to the heightened negative pressure on the balance sheet and operating performance of counterparts.
Nat Re's business in position to capitalise from local gov't initiatives
Nat Re's underwriting portfolio is moderately diversified by geography.
Philippines' health maintenance org industry posts losses in Q1
The industry registered a P319m net loss.
PH’s COVID-19 claims plummet in H2 2022
Insurance claims related to COVID-19 amounted to P1.53b ($-).
Philippines’ general insurance sector to grow 11.6% in premiums: GlobalData
This is equivalent to P211.5b ($3.7b) gross written premiums.
Manulife Philippines names new CFO and CRO
President and CEO of Manulife Philippines emphasised the importance of appointing seasoned professionals.
Make sure to attend the 2023 Insurance Asia Forum in October
The forum aims to address the evolving challenges and opportunities in Asia’s insurance sector as well as explore innovative strategies for companies today.
Philippine micro-insurance premiums rise 14% in 2022
Total lives insured under micro-insurance products reached 57.8 million.
Philippine life insurance up 3.30% in first quarter
Total assets accumulated for the quarter reached P1.71t.
State-run insurance to cover PH central post office after massive fire
The post office will be covered for P604m.
Philippine HMO performance down in 2022
Eight licensed HMO firms recorded a net loss.
Philippine insurance density inches down in 2022
A total of 128 out of 130 companies submitted data to the Insurance Commission.
Online selling platforms are new insurance intermediaries: report
The report aims to be a point of reference for government and industry discussion on insurtech.
BPI AIA names new CEO
She was previously the Head of Partnership Distribution Sales Channels.
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1. MAS slaps 12-year ban on ex-Manulife rep for cheating 2. Allianz Partners collaborates with MoneyHero for travel insurance 3. Singlife and Doctor Anywhere launch subscription plan for self-employed 4. Vietnam's general insurance to hit $3.9b by 2028 5. Allianz sells 51% stake in Saudi unitAwards
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