Browsing: Philippines

The Philippine non-life insurance sector demonstrated robust performance in the first quarter of 2025, recovering from the downturn experienced in 2024, according to the Insurance Commission (IC).

The Philippine life insurance sector’s total net income rose by 12.22% to PHP10.83bn ($195.72m) in the first three months of 2025

The combined net surplus of mutual benefit associations (MBAs) in the Philippines decreased by 25.21% to PHP1.59bn ($28.67m) in the first quarter of 2025, according to the Insurance Commission (IC).

Generali has completed the sale of its 100% stake in Generali Life Assurance Philippines, Inc. to The Insular Life Assurance Company, aligning with its strategic plan to drive sustainable growth and optimize its geographical footprint.

Philippine government directs transportation officials to increase insurance benefits for private vehicle occupants to match public utility vehicle standards

The Philippine insurance industry reported significant year-on-year growth in total assets, net worth, and income in Q1 2025, driven by both life and non-life segments.

A recent market survey highlights a concerning trend in the Philippines where only 50% of breadwinners in key urban areas consider life insurance important

Pru Life UK’s NBAPE Tops $167 Million, with Total Premium Income Rising to $819.4 Million

Senatorial candidate Ben Tulfo advocates for life insurance coverage for barangay volunteers who assist communities during disasters.

Maagap Insurance Inc. makes history as the first non-life insurance company in the Philippines to commit to the UN’s Principles for Sustainable Insurance, solidifying its dedication to integrating environmental, social, and governance factors.