Sunday, July 23, 2017

Philippines

Philippine insurers promote inclusive insurance

Philippine insurers promote inclusive insurance

Five domestic insurance firms have forged a coalition to promote the growth of inclusive insurance market across the Asian region.

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Philippines’ chief regulator elected to Asian Re board

Philippines’ chief regulator elected to Asian Re board

Insurance commissioner Denis Funa has been named vice-chairman of the management board.

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Ageas, EastWest launch Philippines digital venture

Ageas, EastWest launch Philippines digital venture

Troo will address access to health care, education for children, as well as support during retirement.

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Five Philippine non-life insurers to exit industry

Five Philippine non-life insurers to exit industry

Some non-life insurers in the country have decided to voluntarily exit the insurance business by year-end.

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Philippines insurers urge tax cut for non-life players

Philippines insurers urge tax cut for non-life players

A local industry group says taxes should be reduced to be on par with their Asean counterparts.

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Prudential starts microinsurance project in the Philippines

Prudential starts microinsurance project in the Philippines

Online communities will be set up in rural cities Tacloban and Butuan to improve microinsurance literacy.

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AIG raises capacity in the Philippines

AIG raises capacity in the Philippines

The insurer has refocused its portfolio to target opportunities in the Duterte government’s infrastructure push.

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Philippines raises investment limit for pre-need firms

Philippines raises investment limit for pre-need firms

According to the insurance commissioner, the investment threshold has been increased by 2% under the Pre-Need Code.

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Insurers protected from local governments in the Philippines

Insurers protected from local governments in the Philippines

Licensed insurance companies should not be hindered from doing business by local governments, says official.

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Philippine life market growing at rapid pace

Philippine life market growing at rapid pace

The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.

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Philippines urged to follow UK reinsurance probe

Philippines urged to follow UK reinsurance probe

A senior insurance executive has asked the regulator to take a closer look at foreign reinsurance brokers.

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Philippines terrorist threat remains high

Philippines terrorist threat remains high

While an improved economy has reduced the ranks of unemployed people for terrorists to recruit from, risks remain high.

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Philippine HMOs required to seek regulator’s approval

Philippine HMOs required to seek regulator’s approval

Health-maintenance organisations are now mandated to get clearance before selling products to the public.

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BIMA aims to insure 1 billion people worldwide

BIMA aims to insure 1 billion people worldwide

The insurance firm provides mobile-delivered insurance and health services in emerging markets.

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ADB to expand disaster support for Philippines via insurance

ADB to expand disaster support for Philippines via insurance

The Asian Development Bank is exploring disaster insurance options for one of the countries most vulnerable to natural disasters.

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Filipinos with microinsurance cover up 8% in Q4

Filipinos with microinsurance cover up 8% in Q4

Microinsurance, which offers coverage of P10,000 (US$200) to policyholders, continues to make waves in the Philippines.

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Fewer nonlife firms in the Philippines expected this year

Fewer nonlife firms in the Philippines expected this year

Numbers are expected to decline this year as the regulator imposes higher capital requirements for insurers.

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Net income of Philippines firms up 26%

Net income of Philippines firms up 26%

Premiums rose in the last three months of 2016 thanks to the expanded sale of life policies.

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