Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
British life insurer Pru Life UK has entered into a partnership with pharmaceutical firm AstraZeneca and two local healthcare providers to offer a group insurance package for companies and their employees. In a statement, Pru Life UK announced on Wednesday, July 7, that it partnered with British...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) is eyeing to adjust the case rate for its coronavirus disease (COVID-19) benefit package. PhilHealth Spokesperson Shirley Domingo said that they will soon implement the...
State-owned Government Service Insurance System (GSIS) said its multi-purpose loan disbursements hit P65 billion since its launching nine-months ago. Rolando Ledesma Macasaet, GSIS president and general manager, said on Friday, June 25, that the pension fund’s multi-purpose loan facility has also...
Greater demand for financial reinsurance, coupled with higher health-related insurance coverage amid the ongoing pandemic, are expected to support the growth trajectory of the National Reinsurance Corp. of the Philippines (Nat Re) this year. In a statement, Allan R. Santos, Nat Re president and...
Kwik.insure, the country's largest online insurance marketplace, partnered with Starr Insurance Philippines to serve the insurance needs of over 12 million overseas Filipinos. 13931 Through the partnership, overseas Filipino Workers (OFWs) can now purchase insurance policies for themselves or...
The Council of Members of Asian Reinsurance Corp. (Asian Re) has reelected Insurance Commissioner Dennis B. Funa as chairperson for a fresh new two-year term. Screen Shot 2021-06-14 at 3.35.00 PM Funa, who previously served as vice-chairperson, was first elected as chairperson of Asian Re’s...
AIA Philam Life has introduced a new variable life insurance option that addresses Filipinos’ long-term savings needs. In a statement released on Thursday, June 10, AIA Philam Life Head of Products Ten Paras introduced the latest addition to their diverse product portfolio called AIA Future...
State-run Government Service Insurance System (GSIS) said the pension fund has granted over P200 billion in loans, benefiting over one million state workers and pensioners. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager said on Friday, June 4, that the fund has...
Filipinos have found out that having life insurance is a critical "must-have" especially during uncertain times such as the current COVID pandemic. Those with some forms of insurance are better prepared to face medical emergencies because the high cost of medical expenses can ruin one’s finances....
Filipino farmers may just be able to recover their losses from infestation and natural calamities under a P1-billion insurance fund intended for Department of Agrarian Reform (DAR) beneficiaries. (Photo courtesy of the Department of Agriculture) The DAR and the Philippine Crop Insurance Corporation...
Manulife Philippines has introduced three new fund options to its variable life portfolio as Filipinos have shown greater interest in life insurance due to uncertainties brought about by the pandemic. In a statement, Richard Bates, Manulife Philippines chief executive officer said the global life...
