Philippines
How did the Philippines’ insurance market perform in Q1 2025?
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.
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.
Pru Life UK’s NBAPE bags $167m
Total premium income rose to $819.4m.
Philippine senate bill seeks broader insurance for rehired, direct overseas workers
Recruitment agencies and foreign employers should be held accountable for their obligations.
Philippines cracks down on unauthorised third-party insurance seller
The government said it will deploy undercover “mystery customers”.
How financially prepared are Filipino women?
Over half of women are saving for their parents' current or future elderly care.
Pru Life UK records P10b in new business annual premium equivalent
Premium income from variable life insurance generated $810m.
Arthur J. Gallagher & Co. acquires Philinsure
Gordon Joseph and his team will continue to lead operations.
Philippine insurers to adopt IFRS 17 standard by 2027
But insurers may opt to begin adjusting their financial reports prior to the date.
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