Country: Philippines Page 13 / 16
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- April 22 2016
AIA bullish on Philippines despite low penetration
Insurance penetration has slowed to a growth rate of less than 2% during the past seven years.
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- April 6 2016
AXA Philippines completes acquisition of Charter Ping An
The acquisition allows it to offer the full spectrum of financial protection to customers in the country.
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- April 4 2016
Philippine premium income up 18.71% in 2015
Total premium income reached US$4.86 billion last year.
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- April 1 2016
Health expenditure in the Philippines tops US$11bn
More than 50% of the total comes from personal expenditure by Filipino consumers not covered by insurance policies.
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- March 1 2016
Philippines urged to expand crop insurance
An NGO has made the call as presidential candidates are touring the country campaigning for the May 2016 election.
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- February 29 2016
Philippine premiums forecast to hit US$5.9bn this year
The Philippine Insurance Commission says further expansion expected in both the life and non-life sectors.
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- February 18 2016
Philippines approves Allianz-PNB bancassurance deal
The Philippines Insurance Commission has approved the 15-year deal to create Allianz PNB Life Insurance.
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- February 12 2016
Tax revenue on Philippine premiums hits five-year high
The tax office says it collected the most revenue from insurance since 2009, despite a much lower tax rate introduced in 2011.
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- February 5 2016
Philippine government taps insurance funds for projects
New regulations are needed to facilitate investments by the sector in PPP infrastructure projects.
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- February 4 2016
Asia United Bank seeks bancassurance partners
Bank's president says that potential partners have approached the bank for a possible deal.
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- February 2 2016
New players to boost Philippine sales to US$6.3bn in 2016
The Insurance Commission is forecasting ambitious premium income growth of 28% this year.
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- January 29 2016
JLT launches first renewable energy cover in the Philippines
Policy offers security to small and mid-sized renewable energy developers against project risks.
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- January 28 2016
Philippines posts record premium growth in 2015
Premium income grew by 18.5%, amounting to US$4.85 billion, the Insurance Commission said.
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- January 19 2016
Philippine nonlife industry outperforms in 2015
From January to September 2015, net income in the nonlife insurance sector grew 122% to US$76m.
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- January 18 2016
EastWest Ageas Life wins Philippines licence
Joint venture between EastWest Bank and Ageas has been approved by the Insurance Commission.
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- January 13 2016
AIA says Philippine business will be one of its top units
CEO Mark Tucker cited the growing economy and low penetration rate as reasons for optimism.
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- January 13 2016
More foreign insurers looking to enter Philippine market
Local regulator says it has received a lot of interest after the successful entry of two foreign firms in 2015.
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- January 12 2016
Eight nonlife insurers in the Philippines for sale this year
A new capitalisation requirement is encouraging a wave of consolidation among smaller insurers.
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- January 6 2016
Philippine central bank likely to raise insurance budget
The BSP is reportedly reviewing its insurance funds and could up its allocation from the current P3.65bn.
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- December 23 2015
Allianz Buys 51% of PNB Life in the Philippines
The two firms also enter into a 15-year exclusive distribution partnership
