Insurance sector ‘well-capitalized’ to weather risks
THE INSURANCE SECTOR can weather the impact of the coronavirus pandemic on their businesses, according to the Insurance Commission (IC), even as investments and sales face difficulties. Insurance Commissioner Dennis B. Funa said insurance companies have been “well-capitalized” even before the pandemic hit and assured no company will go bankrupt. “Insurers are well-capitalized. I don’t […]
IC relaxes identification requirements for insurers’ clients
THE INSURANCE Commission (IC) has relaxed the requirements for customer identification documents until June 30 amid the lockdown in various places due to the coronavirus disease 2019 (COVID-19) pandemic. The IC issued Circular Letter (CL) 2020-37 stating that “the requirements on valid identification documents under Section 24 D of CL 2018-48 as amended shall be […]
Life insurers extend grace period due to COVID-19
LIFE INSURANCE FIRMS extended the grace period for premium payments to up to 91 days to give relief to clients amid the coronavirus disease 2019 (COVID-19) outbreak. In separate press releases yesterday, Insular Life Assurance Co, Ltd. (InLife), Sun Life of Canada (Philippines), Inc. and Manulife Philippines said they are extending the grace period for […]
PH life insurance industry assures responsiveness amid Covid-19 outbreak
TOPICS: Philippine Life Insurance Associaton PLIA President Benedict Sison (also Country Head and CEO of Sun Life PH).Photo from Sunlife PH website POSTED BY: JAMES HUMARANG MARCH 24, 2020 The Philippine Life Insurance Association, Inc. (PLIA) is assuring all Filipino policyholders that the country’s life insurance industry is prepared […]
PLIA INDUCTS 2020 BOARD OF DIRECTORS AND COMMITTEE CHAIRPERSONS
PLIA held the induction of its 2020 Board of Directors and Committee Chairpersons last 30 January 2020 at the Mayuree Ballroom, Dusit Thani Manila, Ayala Center, Makati. Insurance Commissioner Dennis Funa administered the Oath of Office to the inducted PLIA leaders. Mr. Michael Ricafort, Chief Economist of the Rizal Commercial Banking Corporation, gave a talk […]
INSURANCE COMMISSION CELEBRATES 71st ANNIVERSARY
The Insurance Commission commemorated its 71st Anniversary with a luncheon event on 28 January 2020 at the Philippine International Convention Center, Cultural Center of the Philippines Complex, Pasay City. Guest of Honor and Speaker was Executive Secretary to the President of the Philippines, Hon. Salvador Medialdea. Officers of insurance associations were recognized and presented during […]
PLIA CELEBRATES CHRISTMAS WITH DENIMS AND DIAMONDS
PLIA held its industry Christmas Party on 16 December 2019 at the Rizal Ballroom A, Makati Shangri-La Manila, with the theme “DENIM & DIAMONDS”. Guest performer for the event was a choir from CENTEX or the Center of Excellence in Public Elementary Education, Batangas Campus. CENTEX was established by the Ayala Foundation in 1998 […]
CHRISTMAS GIFT-GIVING AT PLIA GK VILLAGE
It was time again for PLIA to visit its GK Village in Sitio Maislap, Rodriguez, Rizal and hand out Christmas gifts to residents and the village children. Each housing unit was provided with grocery packs and supplies while children were treated with food packs and snack items. The villagers offered the PLIA and GK representatives […]
PLIA HOLDS ANNUAL BLOOD-LETTING
As part of PLIA’s annual commemoration of Insurance Consciousness Week that is observed every month of October, a Red Cross co-partnered blood-letting was held on 3 October 2019 at the Function Hall of the Institute for Asia and the Pacific, BPI-PHILAM Life Bldg., Ayala Avenue, Makati City. Most PLIA member companies participated with their donating […]
PLIA CELEBRATES 69TH ANNIVERSARY
PLIA celebrated its 69th anniversary on July 30, 2019 at Ballroom I of the Manila Hilton, Newport Boulevard, Pasay City, with the theme “EMBRACING CHANGE!” Deputy Insurance Commissioner George Ongkeko provided the message from the Insurance Commission. The Guest Speaker was Ms. Maria Theresa Alday, CEO of Mercer Philippines, who talked about the “Redefining the […]
