Philippine bank deposits grew at a faster pace in the first quarter of 2026, nearing ₱22.1 trillion as households and businesses parked more funds in banks amid sustained confidence in the financial system. In a statement on Thursday, Aug. 27, state-run deposit insurer Philippine Deposit...
* President Ferdinand R. Marcos Jr. continues to push for expanded access to quality healthcare as PhilHealth and St. Luke’s Medical Center–Global City formalize a partnership through a Memorandum of Agreement (MOA), backed by the Department of Health (DOH) and the Department of Social Welfare...
Driven by its strong bancassurance business, Allianz PNB Life Insurance Inc. (AZPNBL) saw new business nearly double year-on-year in the first half of the year, potentially putting it at the top of that specific distribution channel. AZPNBL generated ₱4.59 billion in consolidated new business...
The Government Service Insurance System (GSIS) has earmarked nearly ₱4.4 billion in emergency loans to assist 166,789 active members and pensioners recovering from recent typhoons and southwest monsoon rains in nine Luzon areas. Under the relief facility, GSIS said active state workers and...
The Philippines has made significant progress in expanding universal health care (UHC), but inadequate government financing, high out-of-pocket costs, and severe shortages of health facilities and workers continue to constrain access to quality medical services, according to the Asian Development...
The Philippine insurance sector recorded a robust performance in the first six months of 2026, surpassing ₱280 billion in total premium collections, fueled by increased public demand for financial protection and strong sales of life insurance products. According to the latest data released by the...
The Philippine Health Insurance Corporation (PhilHealth) on Thursday, Aug. 20, said it will streamline its procedures and modernize its information technology system to cut red tape and speed up transactions for members and healthcare providers. During a press briefing, PhilHealth President and...
Oona Insurance Philippines entered the country’s top 10 non-life insurers by net written premiums less than four years after launching operations, buoyed by surge in first-half profits and expansion across digital and traditional distribution channels. In a statement, the Singapore-based insurer...
Pru Life UK, the Philippine arm of the London-based insurance giant, has launched a cancer-specific insurance plan to provide Filipinos with additional financial protection against income loss and recovery costs that may not be fully covered by their health maintenance organizations (HMOs). Garen...
State-run pension fund Government Service Insurance System (GSIS) is ready to extend up to ₱40,000 in emergency loans to members and pensioners affected by Tropical Storm Maymay and the enhanced Southwest Monsoon, or Habagat, once their areas are officially placed under a state of calamity. In a...
As digital natives, Gen Zs go through life literally with a cellphone in their hand. They complete daily tasks digitally on their phones, whether it 's getting a ride, ordering meals, and transferring funds within minutes. So, what’s stopping Gen Zs from getting protection to improve their...
In one of his columns, syndicated writer Mike Royko routinely used the line, “What do you expect me to do, give it to strangers?” whenever Chicago Mayor Richard J. Daley was challenged about awarding a lucrative municipal insurance contract to a close political friend instead of opening it to...
