Government allows new investment schemes for insurers
MANILA, Philippines — The government has expanded the allowable investments for the insurance industry to ensure growth amid a dynamic market environment. In its latest circular letter, the Insurance Commission (IC) released new omnibus guidelines on investments among insurance companies, reinsurers and mutual benefit associations. IC chief Reynaldo Regalado said there is a need for […]
PLIA 74th ANNIVERSARY
CLICK Download for the pictures
PLIA BLOOD LETTING
PLIA BLOOD LETTING OCTOBER 29, 2024 IIAP Function Hall, 26/F BPI Philam Building, Ayala Avenue, Makati City.
PLIA GOLF TOURNAMENT
PLIA GOLF TOURNAMANT CLICK Download below for the pictures. OCTOBER 18, 2024 Canlubang Golf & Country Club Calamba, Laguna
PLIA BASKETBALL & VOLLEYBALL TOURNAMENT
PLIA BASKETBALL & VOLLEYBALL OPENING OCTOBER 5, 2024 ASSUMPTION COLLEGE GYMNASIUM
PLIA LIVE STREAMING IN PARTNERSHIP WITH MAPUA
LIFE GOALS CLUB THURSDAY, OCTOBER 3, 2024 | 2PM MAPUA CARDINAL CINEMA MAPUA UNIVERSITY MAKATI
Insurance firms to undergo risk assessment
MANILA, Philippines — Insurance firms will undergo risk assessment in a bid to prevent money laundering and terrorist financing that could impact their operations. In a circular letter, the Insurance Commission (IC) issued the guidelines for the conduct of institutional risk assessment (IRA) among insurance and reinsurance firms and brokers, mutual benefit associations, pre-need companies […]
Insurance industry posts higher premium collections
THE INSURANCE industry saw its premiums increase by 2.36% to P389.62 billion in 2023 as all sectors saw higher collections, the sector’s regulator said on Wednesday. Life insurers saw their premium collections rise by 0.15% to P309.99 billion, the Insurance Commission (IC) said in a statement. Broken down, premiums collected from traditional life insurance products […]
Insurers told to make financial reports more transparent
THE INSURANCE COMMISSION (IC) is requiring covered companies to apply a new set of accounting policies that will make financial reports more transparent and universally comparable starting Jan. 1 next year. Companies must use Philippine Financial Reporting Standard 17 (PFRS 17) by then, the regulator said in a March 1 circular posted on its website. […]
Microinsurance premiums up 23 percent in H1
MANILA, Philippines — Filipinos continue to be more aware of the need for social protection evident in the increase in insurance contributions from low-income people, reaching P6.7 billion in the first semester. Data released by the Insurance Commission (IC) showed that total premium from microinsurance providers went up by 22.68 percent to P6.7 billion from […]
