Philippines
Philippines ends provisional insurance licenses
Philippines ends provisional insurance licenses
The commission wants to ensure that agents with regular licenses are allowed to sell.
Philippine HMO net income rebounds to $13.58m in Q3 2024
This is due to a 22.50% rise in total revenue.
New PH rule allows insurers and reinsurers to invest in infrastructure projects
Investments may be made through equity or debt.
PH manpower agencies must deposit $398 insurance for Bahrain-bound migrant workers
It will cover repatriation costs in case of employment termination.
Philippine’s premiums jump 14% in Q3 2024
It bagged $5.58b during the quarter.
Philippines urges HMOs to adopt PFRS 17 by 2027
HMOs shall not be precluded from early implementation.
Pru Life UK introduces Philippines' first Takaful insurance
It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.
Philippine life insurance sector slated for 5.4% CAGR by 2028
The industry will likely increase by 3% this year.
Philippine state health insurer to offer emergency care package
PhilHealth's healthcare benefits now cover 60% of the most serious diseases.
Philippines’ insurance sector smaller than other financial services
The industry generated total revenues of $8.14b in 2022.
Why Philippine banks, insurers embrace hyper-personalized services
Industry experts push for the rapid progress of unified customer data as a starting point.
Nat Re benefits from robust local insurer ties
In 2023, Nat Re saw a notable rise in net profit, driven by improved underwriting.
Inclusivity still a challenge despite digital growth in PHL insurance sector: Experts
Industry experts shared how inclusivity is not just about access but also about financial sophistication.
How GCash’s credit and insurance tools unlock Philippines' inclusion barriers
Bank access increased to 65%, whilst insurance penetration improved to 1.71%.
Is BSP’s cyber resilience plan the key to protecting finance in 2025?
The central bank plans to mainstream cybersecurity in schools to close the skills gap.
Sun Life debuts peso tech funds
The funds come in two variants.
WTW appoints new CRB head for Philippines
His role is effective 2 January 2025.
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