Philippines
Oona Insurance buys 40% stake in Philippine branch from InLife
This will make Oona the sole owner of Oona Philippines.
Philippines’ insurance industry expands 9.38% YoY in Q3
Both its life and non-life insurance segments saw double-digit growth in earnings.
Philippines’ pension system joins forces with JICA
The partnership aims to enhance the protection of public properties and assets against disasters.
MAA Group sells 85% stake in Philippine arm
MAA Group will exit the nonlife insurance business entirely.
Hive Health acquires HPPI
The acquisition will entail HPPI’s to integrate with Hive Health’s technological capabilities.
Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
How customer centricity can aid the Philippines’ narrow insurance penetration
With less than 3% insurance penetration, insurance experts concur that low financial literacy has eroded potential.
Tonik digital bank enters the insurance market
The partnership with Sun Life Grepa will offer credit life and disability insurance.
FWD Philippines launches insurance plan for gamers
Customers can opt to add critical illness benefit, accidental death coverage, or both.
Most insurance companies use 18-year-old legacy systems, not enough to drive innovation: ZA Tech
Legacy systems often come with limitations that can hinder the development of new products and insurance channels.
Etiqa Philippines says rising costs may entail adjustments in premium pricing and risk management strategies
Although various influences linger, the country’s penetration rate must be put in focus.
Sun Life Philippines pushes for a purpose-driven agency force in the digital era
The insurer shared the sheer importance of having the right balance between customer and clientele.
Manulife Philippines President and CEO points out three ways to navigate post-pandemic challenges
The insurance leader said insurers have a unique opportunity to address the health protection gap in the Philippines.
EY consulting partner tallies six emerging focus areas insurers must be on the lookout for
The expert said the life and health insurance and retirement industries will witness transformative changes in the coming years.
PH congressman proposes 2% tax collection on non-life premiums
Currently, only life insurance premiums are taxed in the country.
The Philippines’ life insurance sector climbs 9.6% YoY in Q2
This was driven by the surge recorded in premium collections from traditional life insurance products.
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