Country: Philippines Page 11 / 17
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- December 14 2017
Philippine firms continue net income growth
A rise in underwriting and investment income helped drive the robust third-quarter performance.
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- October 13 2017
Philippine insurers told to beef up reserves
There remains a US$155m gap in reserves, or more than 60% of industry premiums and claims.
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- October 2 2017
Etiqa completes acquisition of Indonesian insurer
Maybank's wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.
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- September 5 2017
Largest Philippine HMO in trouble over capital
Caritas Health Shield to raise fresh capital after allegations it has US$136m deficiency in its actuarial reserves.
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- August 28 2017
Philippine brokerage activities show modest hike
Premium income reached US$994m in 2016, representing an increase of 2.46% from 2015.
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- August 25 2017
JLT and Munich Re launch Philippines parametric product
The two companies will jointly develop and offer an insurance solution to cover typhoon risks.
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- August 23 2017
Philippines social security seeks private insurers
The state-run programme is planning to tap private companies to insure 35 million of its members.
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- August 22 2017
Philippine insurers to submit regular reports to IMF
The submissions are intended to enhance data transparency and promote sound statistical systems.
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- August 18 2017
Philippines launches parametric disaster programme
The pilot scheme will provide parametric disaster coverage for 25 at-risk provinces in partnership with World Bank.
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- August 15 2017
Philippines tests parametric scheme for disaster-prone provinces
The government has allocated US$20m to a pilot project that will offer quick-disbursing payouts based on a catastrophe model.
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- August 1 2017
Insurance business lifts HSBC’s profit in Asia
Europe's biggest bank was boosted by stronger insurance and wealth management revenue in Hong Kong.
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- July 18 2017
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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- July 10 2017
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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- July 3 2017
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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- June 23 2017
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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- June 20 2017
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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- June 6 2017
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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- May 11 2017
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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- May 10 2017
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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- May 4 2017
Insurers protected from local governments in the Philippines
Licensed insurance companies should not be hindered from doing business by local governments, says official.
