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...
The Philippine Health Insurance Corporation (PhilHealth) on Friday, May 7, renewed its warning against illegal acts of fraudulent health insurance claims. Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) PhilHealth spokesperson Dr. Shirley Domingo said they received various...
HEARD IT THROUGH THE GRIPE-VINE: OUR NEW ABNORMAL Philip Cu Unjieng For years, I’d be paying my annual medical insurance premium, and wondering at times, whether it was worth the expenditure. The present plan I’m subscribed to is the Global Health Access of AXA (partnered with Avega and...
Based on gross premium In the latest release of insurance industry unaudited figures, Insurance Commissioner Dennis Funa said that Malayan Insurance Co., Inc. was in first place for the Philippine non-life insurance industry, based on Gross Premiums Written, for Year 2020. Malayan Insurance’s...
Medical frontliner (Photo from Pexels) As coronavirus infections escalate in the country, Insular Life (InLife) is strongly driving the push to offer free COVID-19 insurance to help essential workers cope with the disease. The free insurance cover is under a program called “Chain of Protection”...
