Philippines
Philippines proposes motor premium hikes with wider cover
Philippines proposes motor premium hikes with wider cover
The revised premium structure retains fixed additional charges.
Philippine state insurer completes non-life insurance hub rollout
The new hub serves both individual GSIS members and institutional clients.
GCash issues 51.4m insurance policies since 2021
The company currently offers 48 insurance products.
Sun Life Philippines names new President
He has more than two decades of experience.
Philippines, FAO push insurance access for small fishing vessels
The country offers subsidies, flexible payment schemes, and simplified products.
Pru Life UK launches Shari’ah-compliant life plan in Philippines
It has a a minimum annual contribution of $4.25 (₱250).
Philippine pre-need premiums grow 4.4% in early 2025
Total premium income also grew by 4.41% to $105m.
Singlife offers funeral coverage of up to $9,000 via app
Funeral expenses in the Philippines often exceed $3,600.
GCash offers free insurance with mobile load purchases via GInsure
Eligible users can receive up to $540.
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.
FWD Philippines taps Lau for CEO post in June succession
Lau has been with FWD since 2016.
How did the Philippines’ insurance market perform in Q1 2025?
The commission expects this momentum to continue through the year.
Philippine insurance penetration rises to 1.89% in Q1 2025
Insurance density also grew by 13.40% YoY.
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.
Thought Leadership Centre
In Association with
Most Read
1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
