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Insurance industry earnings expand 45% in January-March

The insurance industry saw its net income soar to more than P14 billion in the first quarter amid a significant increase in the life segment, raising the sector’s contribution to the overall economy to 1.78 percent, according to the Insurance Commission......»»

Category: financeSource: philstar philstarMay 23rd, 2024

DBM releases P900 million crop insurance funding

To cover the crop insurance premium of subsistence farmers and fisherfolk in the country, the Department of Budget and Management has released P4.5 billion and its corresponding Notice of Cash Allocation for the 1st Quarter of the year in the amount of P900 million to the Philippine Crop Insurance Corp......»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

Clark Aurora Festival partners with FWD to provide insurance to attendees

Aurora Music Festival Clark 2024 announced that FWD Life Insurance as its official partner providing insurance to its attendees......»»

Category: entertainmentSource:  philstarRelated NewsMar 7th, 2024

PDIC settles P614 million in deposit insurance claims

State-run Philippine Deposit Insurance Corp. has settled P614 million in deposit insurance covering 15,796 accounts from padlock banks in 2023......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

Insurance commission OKs doubling of vehicular accident indemnity claims

The Insurance Commission has doubled the indemnity claims for vehicular accident victims as part of government efforts to improve overall insurance coverage in the country......»»

Category: newsSource:  philstarRelated NewsFeb 12th, 2024

GSIS non-life insurance premiums hit record high P9.8 billion in 2023

State-run pension fund Government Service Insurance System saw its collection of non-life insurance premiums rise to an all-time high of P9.8 billion in 2023......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Why Insurance is Gonna be a Lifesaver for You

Ever stopped to think about how you’d handle life’s unexpected twists – health scares, accidents, or sudden home hassles? Well, that’s where insurance swoops in – your trusty sidekick for keeping your money secure. 1. Financial Safety Blanket Life can throw curveballs, right? Well, insurance is like wrapping yourself in a snug blanket. It’s there […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 7th, 2024

Insurance penetration rate slips further to 1.6 percent

The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Microinsurance premiums up 20 percent

Insurance contributions from low-income Filipinos amounted to P10.2 billion from January to September 2023, up by nearly 20 percent from P8.49 billion in the same period a year ago, according to the Insurance Commission......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Philippines launches campaign to boost halal industry

MANILA, Jan. 23 (Xinhua) -- The Philippines on Tuesday launched a four-year plan to boost the halal industry, hoping to turn the country into a leading halal hub in the Asia-Pacific region by 2028. Philippine Trade and Industry Secretary Alfredo Pascual said the Philippine Halal Industry Development Strategic Plan "aspires to establish the Philippines as a customer-focused, collaborative, comprehensive, and comp.....»»

Category: newsSource:  philippinetimesRelated NewsJan 24th, 2024

Philippines launches campaign to boost halal industry

MANILA, Jan. 23 (Xinhua) -- The Philippines on Tuesday launched a four-year plan to boost the halal industry, hoping to turn the country into a leading halal hub in the Asia-Pacific region by 2028. Philippine Trade and Industry Secretary Alfredo Pascual said the Philippine Halal Industry Development Strategic Plan "aspires to establish the Philippines as a customer-focused, collaborative, comprehensive, and comp.....»»

Category: newsSource:  manilanewsRelated NewsJan 23rd, 2024

Non-life insurance firms placed under conservatorship

The Insurance Commission has placed two non-life insurance firms under conservatorship amid their inability to comply with certain rules and regulations mandated by the law......»»

Category: newsSource:  philstarRelated NewsJun 6th, 2024

Central Luzon tour guides receive free insurance coverage

Up to 51 tour guides in Central Luzon received free insurance coverage and tour guide kits during the 51st founding anniversary of the Department of Tourism......»»

Category: newsSource:  philstarRelated NewsMay 12th, 2024

GSIS non-life insurance premiums hit P3 billion in Q1

State-run pension fund Government Service Insurance System (GSIS) hiked its collection of non-life insurance premiums to P3 billion in the first quarter as more agencies move to secure their assets from eventualities......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2024

BDO Life clients can now access their insurance policies online

BDO Life clients can now access their insurance policies online.....»»

Category: newsSource:  sunstarRelated NewsApr 25th, 2024

World Bank pushes new agri insurance products

The Philippines needs to come up with new and better agricultural insurance products to help farmers cope with natural disasters, according to the World Bank......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

DBM releases P4.5 billion for crop insurance

The Department of Budget and Management has released P4.5 billion to cover the crop insurance premium of some 2.3 million farmers in the country......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Sun Life reigns as top insurance company for 13th year in a row

This milestone comes on the heels of Sun Life’s 129th anniversary, making it the first and longest-standing life insurance company in the Philippines......»»

Category: newsSource:  bulatlatRelated NewsApr 8th, 2024

Toral: Add cyber insurance on your digital shield

Toral: Add cyber insurance on your digital shield.....»»

Category: newsSource:  sunstarRelated NewsApr 4th, 2024

Books, greens & unfinished business

I recently had lunch with very busy insurance executives and since the topic was about insurance, I raised the question on how prepared were they for retirement or even semi-retirement. Of course, NO ONE, not a single one, had really entertained the thought or been working on the inevitable......»»

Category: newsSource:  philstarRelated NewsMar 21st, 2024

Philippines upper middle-income status seen to boost insurance penetration

Higher insurance penetration hinges on the country’s ability to reach upper middle-income status as Filipinos’ disposable income remains limited amid the high cost of basic goods and services......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024