Philippine Insurance Commission

Philippine pre-need premiums grow 4.4% in early 2025

Total premium income also grew by 4.41% to $105m.

How did the Philippines’ insurance market perform in Q1 2025?

The commission expects this momentum to continue through the year.

Philippines HMO sector soars in Q1 2025

The growth is primarily driven by the 26.15% increase in the collection of membership fees.

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.

Philippine insurers to adopt IFRS 17 standard by 2027

But insurers may opt to begin adjusting their financial reports prior to the date.

Philippine pre-need income doubles in Q4 2024

Also, the sector’s total assets grew by 8.12%.

Philippines to modernise insurance data privacy practices

IC and NPC will jointly develop guidelines to ensure responsible execution.

Shopee enters Philippine insurance market

SeaInsure is a non-life insurer owned by business tycoon Forrest Li.

Philippines’ COVID-19 insurance claims balloons to $240m

Bulk of the claims were paid from January to September last year.