Benefits and claims paid by health maintenance organizations (HMOs) rose in the third-quarter last year driving by increasing medical needs of the Filipino people, the Insurance Commission said.
In a statement on Thursday, Jan. 19, Insurance Commissioner Dennis B. Funa said health care...
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...
The Insurance Commission (IC) approved the life insurance business application of Maxicare Life Insurance Corp. (MaxiLife), a joint venture firm between the Gokongwei-led investment company and an health maintenance organization (HMO) provider.
In a statement on Thursday, July 28,...
The Insurance Commission (IC) reported on Wednesday, June 15, that local insurers have paid about P2.93 billion for claims related to Covid-19 in the first three-months of the year.
In a statement, Insurance Commissioner Dennis B. Funa said the claim payouts were made by life and non-life...
Gokongwei-led private investment firm JE Holdings, Inc. has secured the approval of the Insurance Commission for the acquisition of a stake in Maxicare Healthcare Corp.
In a statement on Friday, June 3, Insurance Commissioner Dennis B. Funa said the Gokongwei family, through JE Holdings, now...
The Insurance Commission (IC) has issued a new license to AIA Philippines Life and General Insurance Co., Inc. following its merger with Philam Equitable Life Assurance Co., Inc. (PELAC).
In a statement, Insurance Commissioner Dennis B. Funa said on Thursday, April 28, that the IC needed to...
Two foreign-led insurers are set to enter the Philippine market, the Insurance Commission (IC) announced.
Without naming names, Insurance Commissioner Dennis B. Funa said they are now processing the applications of the two new entrants coming from a Southeast Asian conglomerate.
“We...
PhilHealth, PCIC accounting norms monitored
By Chino S. Leyco
The Insurance Commission (IC) is closely monitoring the compliance of the Philippine Health Insurance Corp. (PhilHealth) and the Philippine Crop Insurance Corp. (PCIC) with the directive of the Department of Finance (DOF) to adopt...
Healthcare benefits and claims rose by 25 percent from October to December last year amid the prolonged pandemic, the Insurance Commission reported on Friday, March 25.
In a statement, Insurance Commissioner Dennis B. Funa said health maintenance organizations (HMOs) paid P32.72 billion...
The Life Underwriters Association of the Philippines (LUAP) launched its first-ever national awards program for the country’s top life insurance advisors and companies.
In partnership with the Insurance Commission (IC), LUAP unveiled the Philippine Life Insurance Agents Awards (PhilLIAA). A...
Insurance claims related to the pandemic reached P16.71 billion in the past two years, with life coverages accounting for more than half of the payouts, the Department of Finance (DOF) said.
In a report to Finance Secretary Carlos G. Dominguez III, the Insurance Commission said 23 percent or...
The Insurance Commission (IC) has placed another pre-need firm under conservatorship due to trust fund deficiencies, the Department of Finance (DOF) said on Thursday, March 3.
In a statement released by the DOF, the IC said the agency ordered Eternal Plans Inc. (EPI) to be placed under...
