Changes in spending habits amid the community lockdowns last year have boosted the premium income of life insurance companies, the government regulator said on Tuesday (April 20). In a statement, Insurance Commissioner Dennis B. Funa said that life insurance industry’s premium income rose by 5.9...
Homegrown insurance technology (insurtech) startup Kwik.insure today (March 30) launched the country’s largest online insurance marketplace with over 100 life and non-life insurance products from 15 top providers. Consumers can select, search, and compare different insurance offerings digitally,...
Senator Sonny Angara is pushing for the measure seeking to increase the deposit insurance coverage provided for by the Philippine Deposit Insurance Corp. (PDIC). Sen. Sonny Angara (Alexis Nueva España / Senate PRIB / FILE PHOTO) With more Filipinos now putting their money in banks, Angara said the...
It will soon be easier for local hog raisers who are insured at the Philippine Crop Insurance Corporation (PCIC) to claim insurance or indemnification after being hit by the dreaded African Swine Fever (ASF). Photo by MA Albert Estoya. This, after the PCIC Board of Directors approved the proposal...
Standard Insurance Group Chairman Judes Echauz has reaffirmed his support for cycling and duathlon in the country’s search for more gold medals in the 31 st Southeast Asian Games in Vietnam late this year. The avid sportsman said their athletes, who are mostly members of the national team,...
The Insurance Commission (IC) wants to roll out the first private sector-led catastrophe insurance facility designed to heighten the country’s financial resilience against natural disasters. Insurance Commissioner Dennis B. Funa said they are finalizing...
Patrick Reed celebrates with the trophy after winning the Farmers Insurance Open at Torrey Pines South on January 31, 2021 in San Diego, California. Reed won by five strokes over the field shooting a 68 in the final round. Katelyn Mulcahy/Getty Images/AFP Patrick Reed shook off a third-round rules...
Max Homa stands with his caddie as a hailstorm hits the course during round two of the Farmers Insurance Open at Torrey Pines on January 29, 2021 in San Diego, California. Donald Miralle/Getty Images/AFP Norway's Viktor Hovland defied the wild weather at Torrey Pines on Friday to fire an impressive...
Patrick Reed plays his shot from the 18th tee during the second round of The American Express tournament on the Jack Nicklaus Tournament Course at PGA West on January 22, 2021 in La Quinta, California. Sean M. Haffey/Getty Images/AFP Former Masters champion Patrick Reed didn't put a foot wrong on...
Cebu Pacific (CEB) recently launched COVID Protect, a P250 add-on to its travel insurance plan for both domestic and international passengers to cover COVID-related hospitalization and treatment. Under COVID Protect, guests traveling who test positive for COVID-19 will get up to P1 million coverage...
The Coronavirus disease 2019 (Covid19) may have turned the globe upside down, but this did not deter insurance companies like Malayan Insurance Co. Inc. from continuing to provide relevant services towards Philippine business and families. Instead of celebrating Malayan’s 90 th founding...
Parent firm San Miguel Corporation (SMC) has injected P3.0 billion equity investment in Petrogen Insurance Corporation (Petrogen), a diversification venture of oil firm Petron Corporation into the insurance sector. SMC said Petrogen is duly licensed and authorized by the Insurance Commission (IC)...
