Business NEWS

AIA Philippines and its bancassurance arm BPI AIA are expecting stronger growth this year on the back of improved economic environment amid easing quarantine restrictions.

There was a 12.9-percent spike in fire incidents from January to February compared to the same period last year. AXA offers Home Security insurance that covers a broad range of risks including fire.

This insurance company wants you to take your unclaimed benefits.

While being at home generally protects people from the virus, the chance of injuries from accidents remains just as threatening. A reliable home insurance policy like Malayan Insurance Co. Inc.'s Home Protect non-life insurance policy, helps safeguard homeowner’s property and themselves.

The Government Service Insurance System (GSIS) on Monday, Feb. 14, vowed to expedite the processing of insurance claims of government agencies whose properties have been “extensively damaged” by Super Typhoon Odette.

The extreme challenges posed by the pandemic and its economic fallout over the past two years have fueled Filipinos’ interest in insurance as shown by the 27 percent jump in spending allocation for insurance premiums in 2021, a study by the Hong Kong-based insurer AIA Group revealed.

The ongoing pandemic has not only disrupted routines and derailed plans, but also heightened our fears about life’s uncertainties. It made us rethink our priorities, putting health and financial preparedness first before everything else. Almost always, unexpected health-related expenses because of the pandemic break our budgets, force us to touch our savings and, for some, lead them into debt. This scenario leaves many to choose between health or wealth. 

Because life insurance is for everyone

The cost of healthcare insurance in the Philippines is projected to further increase this year, surpassing the global average, due to “considerable volatility” caused by the prolonged pandemic, according to a survey of medical insurers.

The threat of medical impoverishment has increasingly compelled Filipinos to invest in insurance, or at least consider it. Supporting the Nielsen Consumer Study is the Insurance Commission stating that the 29.4% growth of the insurers’ aggregate bottom line in the first half of 2021 could be attributed to the public’s interest in insurance coverage and the prolonged pandemic.

As a lot of work became virtual recently, many professionals have seen the benefits of a freelance career. They can choose which jobs and how much work they’re willing to take on, dictate their own working hours, set their own rates, and stay safe and healthy while they conduct business from mostly at home.

Putting the urgent need for insurance in sharp perspective, more than ever before, is the still ongoing COVID-19 pandemic. Insurance is often the difference between life and death, health or lingering illness, and financial security or destitution.

This week, we answer any questions you might have about getting a car through financing and protecting it with insurance.

Automobile insurance is simple. It gives the vehicle owner financial protection from car theft, auto damage, or bodily harm that may arise from a vehicular accident. We explain why it's important and what package suits you.

Cocogen, formerly UCPB General Insurance, offers the same strength, professionalism, credibility, and maturity it was known for while introducing a fresh and younger approach to non-life insurance.

Etiqa Philippines, a leading ASEAN insurer, simplifies the selection process for individuals and corporate decision-makers by integrating life, health, and non-life in one unified approach.

They also won awards the past year

Etiqa Philippines, wins the COVID Management Initiative in Insurance Asia Awards 2021 for its efforts to help frontliners. The company delivered 5,700 complete sets of PPEs to more than 14 major partner hospitals and gave 28,000 men and women of the PNP NCRPO free six-month insurance coverage for pneumonia-related hospitalization expenses, including those caused by COVD-19.