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…
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Insurer profit down 8.6 percent in 2020 as pandemic hammers markets
MANILA, Philippines—The pandemic-induced recession that battered financial markets everywhere led to a drop in life…
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Life insurance sales grow in 2020 amid pandemic
MANILA, Philippiines—Despite the pandemic-induced recession, life insurers’ sales grew by 5.9 percent to P247.7 billion…
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Fewer Filipinos covered by micro-insurance; sales down 33.2% in end-Sept 2020
MANILA, Philippines — Even as microinsurance was cheaper than most insurance coverage, sales during the first…
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Insurers post lower premium income in 2020
MANILA, Philippines — The local insurance industry recorded a lower premium income from January to…
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PLIA INDUCTS 2021 COMMITTEE CHAIRPERSONS
PLIA held its virtual induction of 2021 Committee Chairpersons last 26 January 2021. Insurance Commissioner…
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Insurance premium income dips as pandemic batters businesses
THE local insurance industry’s total premium income slipped in the first six months of 2020…
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IC withdraws temporary relief given to insurers
MANILA, Philippines — The Insurance Commission has withdrawn the temporary regulatory relief it earlier granted…
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Proposed cap on insurance firms’ capital needs scrapped
MANILA, Philippines — The government has scrapped a proposal to cap the minimum net worth…
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Insurance premiums rise 10.5% in Q1
MANILA, Philippines — Insurers generated 10.5 percent more premiums in the first quarter as both…
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