Number of Filipinos covered by microinsurance drops to 46.97 million in Q1
MANILA, Philippines — Overall sales of microinsurance grew 16.3 percent year-on-year to P2.31 billion in…
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Insurance premiums rise 37% to P187 billion
MANILA, Philippines — Insurance premiums grew more than 37 percent to P187 billion in the…
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COVID-19 insurance claims reach P4.35 billion in H1
MANILA, Philippines — The insurance industry paid P4.35 billion in COVID claims in the first…
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Insurance takes up record 2.3% of GDP
MANILA, Philippines — The pandemic has compelled Filipinos to acquire private savings which they can…
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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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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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