The insurance industry in the country experienced an increase of 9.38 percent to P38.28 billion during the third quarter on the back of a surge in life and non-life segments. The latest data released by the Insurance Commission (IC) showed that the industry's net income increased from July to...
The combined premiums of the insurance industry registered a decline in the first six months of the year, data from the Insurance Commission (IC) revealed. Based on reports provided by 128 out of 136 licensed life and nonlife insurers, as well as mutual benefit associations (MBAs), the total...
BDO Life president and chief executive Renato A. Vergel de Dios. As more and more Filipinos recognize the value of acquiring life insurance protection, BDO Unibank expects bancassurance to remain a steady contributor to its overall business. Bancassurance refers to selling life insurance...
From left: JA Philippiens Senior Adviser and Mentor for Financial Literacy, Jed Velarde, FWD Life Insurance Chief Marketing & Digital Business Officer, Roche Vandenberghe, and Tipid Mommy Blogger, Grace Maulion. FWD Life Insurance Corporation (FWD Philippines) and Junior Achievement of the...
FWD Life Insurance newly appointed members of the Board of Directors, Manolito “Lito” T. Tayag and Henry Joseph M. Herrera. FWD Life Insurance Corporation (“FWD Philippines”) announced the appointments of Manolito “Lito” T. Tayag and Henry Joseph M. Herrera as the newest independent...
State-owned Government Service Insurance System (GSIS) now accepts optional non-life insurance (ONLI) premium payments and the corresponding taxes and fees from clients online through Land Bank of the Philippines. In a statement on Monday, Feb. 20, Wick Veloso, GSIS president and general manager,...
FWD Group Holdings announced the appointment of Antonio “Jumbing” De Rosas as president and chief executive officer of its Philippine unit. De Rosas will lead FWD Life Insurance Corp. (FWD Philippines) effective March 1, 2023, subject to relevant approvals, the Hong Kong-based parent firm said...
Global financial services provider Manulife has launched a single-pay variable life insurance plan that aims to help Filipinos grow their wealth by investing in an array of funds that fit personal preferences and goals. In a statement on Thursday, Feb. 9, Rahul Hora, Manulife Philippines president...
The Government Service Insurance System (GSIS) posted a record-high P6.8 billion gross premium written (GPW) in its non-life insurance business for last year as more agencies move to secure state-owned assets, making the pension fund the country's largest non-life insurer in the country. In a...
This new investment-linked life insurance fund offers up to 6%potential payout annually Leading life insurer Pru Life UK introduces PRULink Cash Flow Fund Plus, the newest in its suite of expertly-managed investment-linked life insurance funds, that offers high payout target of up to 6% annually or...
Manulife Philippines has began selling insurance products on its website to take advantage of the growing popularity of digital transactions in the country. In a statement, Rahul Hora, Manulife Philippines president and chief executive officer, said Filipinos can now buy insurance online with three...
An affiliate of e-commerce platform Shopee has secured its license to sell life insurance products in the Philippines, the Insurance Commission announced. In a statement Wednesday, Aug. 10, Insurance Commissioner Dennis B. Funa said that SeaInsure Life Insurance Co., Inc. (SeaLife) was granted a...
