The Philippine insurance sector recorded a robust performance in the first six months of 2026, surpassing ₱280 billion in total premium collections, fueled by increased public demand for financial protection and strong sales of life insurance products. According to the latest data released by the...
The Philippine Health Insurance Corporation (PhilHealth) on Thursday, Aug. 20, said it will streamline its procedures and modernize its information technology system to cut red tape and speed up transactions for members and healthcare providers. During a press briefing, PhilHealth President and...
Oona Insurance Philippines entered the country’s top 10 non-life insurers by net written premiums less than four years after launching operations, buoyed by surge in first-half profits and expansion across digital and traditional distribution channels. In a statement, the Singapore-based insurer...
Pru Life UK, the Philippine arm of the London-based insurance giant, has launched a cancer-specific insurance plan to provide Filipinos with additional financial protection against income loss and recovery costs that may not be fully covered by their health maintenance organizations (HMOs). Garen...
State-run pension fund Government Service Insurance System (GSIS) is ready to extend up to ₱40,000 in emergency loans to members and pensioners affected by Tropical Storm Maymay and the enhanced Southwest Monsoon, or Habagat, once their areas are officially placed under a state of calamity. In a...
As digital natives, Gen Zs go through life literally with a cellphone in their hand. They complete daily tasks digitally on their phones, whether it 's getting a ride, ordering meals, and transferring funds within minutes. So, what’s stopping Gen Zs from getting protection to improve their...
In one of his columns, syndicated writer Mike Royko routinely used the line, “What do you expect me to do, give it to strangers?” whenever Chicago Mayor Richard J. Daley was challenged about awarding a lucrative municipal insurance contract to a close political friend instead of opening it to...
State-run Philippine Deposit Insurance Corp. (PDIC) is intensifying efforts to recover ₱107 billion remitted to the national treasury to rebuild its deposit reserve cushion even as executives maintain operational targets remain intact despite the reduced capital base. PDIC President and Chief...
State-run Philippine Deposit Insurance Corp. (PDIC) is seeking to increase insurance coverage for bank accounts that Filipinos rely on for daily living and long-term security—such as payroll and retirement accounts—to cushion depositors against losses during bank failures. The proposal is...
Suspended Insurance Commission (IC) Commissioner Reynaldo Regalado said he will cooperate with the proceedings over allegations of favoritism while maintaining that the industry regulator complied with its accreditation standards. “I respect the authority of the Ombudsman and will fully cooperate...
State-run pension fund Government Service Insurance System (GSIS) has refunded more than ₱9 billion in loan amortizations to over 500,000 members and pensioners in less than a month under the expanded Balik Ginhawa 2 program, just 24 days after its wider implementation. In a statement on Tuesday,...
State-run Government Service Insurance System (GSIS) has disbursed ₱27.29 billion in microloans to 463,608 active state workers through its expanded credit facility, offering civil servants an alternative to high-cost informal lenders. The total reflects loan issuances from Oct. 24, 2024, through...
