Tag page - insurance payment

Philippines insurance penetration remains stubbornly low despite the country’s rising financial vulnerabilities and exposure to natural catastrophes, according to an executive at Singlife Philippines. Lester Cruz, Singlife Philippines chief executive officer, said affordability, access, and...

Banks are set to move away from serving only clients of their affiliated insurers, as the Bangko Sentral ng Pilipinas (BSP) is rolling out amended bancassurance guidelines that will allow third-party insurers to sell their products to banks’ customers. “A draft circular amending the...

President Marcos has ordered the Department of Transportation (DOTr) to study the proposal to increase the insurance payment coverage for private motor vehicles in cases of road crash involving PUVs. Multiple vehicle collision on Subic-Clark-Tarlac Expressway (Photo courtesy of Philippine Red...