Philippines
Philippines’ PCIC forges alliance with CMPI to help small farmers
Philippines’ PCIC forges alliance with CMPI to help small farmers
This tie-up will enable farmers to gain greater access to more agricultural insurance.
Philippines’ COVID-19 insurance claims balloons to $240m
Bulk of the claims were paid from January to September last year.
Philippine non-life insurer group bucks jacking of capital requirement
The group said the P900m capital requirement is sufficient.
PH establishes supervisory college for financial conglomerate supervision
Financial sector regulators recently signed an MOU.
Gig worker insurer Gigacover debuts in the Philippines
The Singapore-based insurer plans to launch financial services products in Q1 2022.
Philippines allows non-life insurers to offer agriculture cover
Agricultural insurance has a low penetration rate in the country.
PayMaya Philippines launches microinsurance service PayMaya Protect
The digital payments platform has teamed up with bolttech for this latest project.
Philippines’ GCash launches online shopping insurance
The e-wallet provider has teamed up with, insurtech, Igloo for this new product.
AIA Philippines captures its double win at the Insurance Awards Asia 2021
Since its inception in 2016, the Insurance Asia Awards has recognized over 100 companies from all over Asia.
Philhealth to cover COVID-19 vaccine side effects
The insurer will grant a maximum of $2,052 for hospitalisations.
Philippine ombudsman junks raps vs Philhealth officials
It found insufficient evidence that the officials conspired against several Philhealth employees.
Philippine congress passes mandatory environmental insurance coverage bill
It will require project owners and operators to compensate environmental damages.
Philippine insurers to shift towards new accounting system by 2025
Insurers may start to adopt the PFRS 17 in 2023.
Philippine insurers shell out $80.93m in 2020 COVID-19 claims
Almost $25.4m (PHP1.22b) comprised death benefits.
Philippine insurers' 2020 net income slips 8.6% to $859m
Premium income only crept up 1.18% YoY.
Sun Life is 2020's top Philippine life insurer
It netted a $175m net income and $811m premium income.
Philippine senator seeks to include HMOs in insurance code
He also wants the Insurance Commission to be placed under the central bank.
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