Insurance industry pays out P3.89 billion in COVID-19 claims

MANILA, Philippines — The insurance industry was able to pay out a total of P3.89 billion in COVID-19-related claims in 2020, most of which were forked out by health maintenance organizations (HMOs), the Insurance Commission said yesterday. This comprises payouts made by 111 regulated life and non-life insurers, mutual benefit associations (MBAs), and HMOs and […]