Philippines
Triple P Capital acquires 85% stake in MAAGAP
Triple P Capital acquires 85% stake in MAAGAP
The investing group aims to boost its presence in the Philippines.
Philippines' microinsurance premiums jump to $240m in 2023
The year saw 56.62 million Filipinos covered under microinsurance policies.
New Pru Life CEO commits to financial literacy in the Philippines
The CEO met with Insurance Commissioner Atty. Regalado.
Philippines’ state insurer scores 21% YoY profit in Q1’24
Total assets jumped 10% YoY to $30b.
Philippines’ IC teams with IBP on free legal aid for claims
Last year the commission addressed 5,417 informal complaints.
FWD Life Insurance ranks among the top insurers in the Philippines
It accumulated a total of $81m in NBAPE.
FWD Philippines, Moneymax partner for insurance access
The platform will include FWD’s offerings for critical illness, accidental death, and lifetime protection.
Philippines doubles third-party liability insurance coverage
The insurer will also cover other incidental expenses not included in bodily injury or death indemnities.
How Singlife plans to magnify the Philippines’ insurance penetration through GCash
Experts cite the country’s economic exposure to climate change over all other nations.
Philippines’ pre-need industry premiums surge 7.3% YoY in 2023
The industry witnessed a 385% rise in net income.
Malayan Insurance upgrades catastrophe risk analytics with Moody's modeller
The insurer said it aims to gain a comprehensive understanding of risks across regions and perils.
Phl’s state social insurer expands mobile app to pensioners in S’pore and US
Nearly eight in 10 GSIS pensioners are based in Singapore and the US.
Philippine social insurer GSIS logs record-high premiums for non-life insurance arm
This makes GSIS the largest non-life insurer in the Philippines.
Phl’s Insurance Commission resolves 5,417 complaints in 2023
The number of resolved complaints last year was 7.8% higher compared to 2022.
Phl’s microinsurance expands 19.6% YoY in Q3’23
Over 56 million Filipinos were insured during the third quarter.
Philippines introduces insurance programme for crucial gov’t assets
The programme will cover 132,862 school buildings nationwide, valued at over P800b.
The Philippines’ pre-need industry swells 8.2% YoY in Q3
Its expansion is attributed to the heightened sales of pre-need plans during the period.
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