Philippine life insurers are poised for a decade of double-digit expansion that will significantly outpace global peers, driven by prolonged elevated interest rates and the widening regional gap in financial protection, according to Allianz PNB Life Insurance Inc. Henry Yang, chief investment...
The central bank and insurance regulators are pushing for the bundling of parametric insurance with traditional credit lines, aiming to unlock vital financing for sectors most exposed to worsening climate risks. By tying automated weather-indexed payouts directly to bank loans, regulators hope to...
Pioneer Insurance is encouraging motorists and riders to look out for one another on the road, as the country observes Road Safety Awareness Month. With rising fuel costs, more Filipinos are adjusting how they move, whether by shifting to motorcycles or electric vehicles, managing fuel consumption,...
The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
Social Security System (SSS) is preparing to launch an energy sustainability loan program in September to help qualified members finance residential solar panel systems amid elevated electricity costs. In a statement on Friday, May 22, SSS President and Chief Executive Officer (CEO) Robert Joseph...
The Government Service Insurance System (GSIS) posted a 170 percent surge in first-quarter net income, driven by rebound in investment gains and steady premium growth, positioning the state pension fund to meet its ambitious full-year targets. In a statement, Wick Veloso, GSIS president and general...
The Commission on Audit (COA) has denied a P1.5-billion money claim filed by a group of insurance firms against the Home Development Mutual Fund (HDMF) or Pag-IBIG Fund over allegedly unremitted fire insurance premiums tied to housing loans. In a 17-page decision dated March 17, 2026, the COA ruled...
The Insurance Commission (IC) has ordered a set of relief measures for consumers, including a three-month grace period for premium payments and loan repayments, as the country grapples with an energy emergency triggered by geopolitical tensions. Under Circular Letter No. 2026-11, issued May 13,...
The husband of Vice President Sara Duterte, lawyer Manases R. Carpio, has added the heads of the Securities and Exchange Commission (SEC) and the Insurance Commission (IC) as respondents in a criminal complaint over the alleged illegal disclosure of bank records. In an addendum filed before the...
Over 108,000 members and pensioners affected by recent calamities may avail themselves of ₱2.64 billion worth of emergency loans from state-run pension fund Government Service Insurance System (GSIS). In a statement on Friday night, May 8, GSIS said the emergency loan program aims to provide...
As Filipinos face a growing risk of multiple critical illness diagnoses, AIA Philippines has launched an insurance plan with a minimum coverage of ₱500,000, allowing policyholders to claim up to three times for major illnesses. Dubbed AIA Critical Protect Plus, the plan features a multi-pay...
