Philippines
Pru Life UK opens new BGC headquarters in Manila
Pru Life UK opens new BGC headquarters in Manila
The insurer’s total workspace in the country is now at 100,000 sq ft.
Philippine medical costs projected to rise 18.3% in 2025
This was correlated to the rise in the state insurers' claims and benefits paid.
Pru Life UK launches PRULink Flexi Income Fund in the Philippines
The fund aims to provide a steady source of income through monthly payouts.
Security Bank, FWD Philippines extend strategic partnership
The Philippines’ rising income per capita represents opportunities for expansion.
Singlife’s new investment-linked plan offers 5% annual payout
It comes at a one-time premium starting at $516.28.
Generali leaves Philippine market, InLife swoops 100% shares
The transaction is anticipated to close in H1 2025.
InLife’s retirement plan guarantees monthly payout
The plan also includes a life insurance component.
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.
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