The Japan International Cooperation Agency (JICA) will support the Government Service Insurance System (GSIS) in expanding the pension fund’s insurance business. In a statement, GSIS announced signing a new technical agreement with JICA as part of the Japanese government's recently launched...
The life insurance industry registered robust growth in premium collections and financial performance in the first three months of the year, the Insurance Commission (IC) reported. Total premiums collected by life insurance companies increased by 12 percent from January to March 2024 to P87.66...
The health maintenance organization (HMO) industry has returned to profitability for the first time in the post-pandemic era, the Insurance Commission (IC) said. In a statement, the IC reported that the HMO sector posted a net income of P6.8 million from January to March 2024, a reversal of the...
President Marcos has issued an executive order (EO) transferring the Philippine Crop Insurance Corp. (PCIC) from the Department of Finance (DOF) to the Department of Agriculture (DA) to make it more responsive to the needs of small farmers, fisherfolk, and other agricultural stakeholders. The EO,...
The Social Security System and Government Service Insurance System could buy the shares of Subic-Clark-Tarlac Expressway to benefit their pension funds, according to Finance Secretary Ralph G. Recto. Recto told reporters on Tuesday that the government has plans for the SCTEX including selling some...
The Government Service Insurance System (GSIS) has earmarked P1.7 billion in emergency loans to aid its members and pensioners who have been affected by rabies and El Niño in 13 different areas across the country. According to the pension fund for government workers, more than 77,000 affected...
Albay 2nd district Rep. Joey Salceda (MANILA BULLETIN) “Kung sino pa ang walang pera, siya pa ang malaki ang kailangang bayaran (It’s a pity that those who don’t have money are the ones who need to pay a lot).” House Committee on Ways and Means...
The Government Service Insurance System (GSIS) has rolled out a debt relief program to aid borrowers currently facing payment challenges in its housing loan program. In a statement on Wednesday, May 8, Wick Veloso, GSIS president and general manager, said that the program is designed to...
(GSIS) Members of the Makabayan bloc have filed two resolutions urging the House of Representatives to investigate, in aid of legislation, the Government Service Insurance System (GSIS) over its alleged inefficiencies and irregular investments. The group led by...
The insurance premiums of the state-run Government Service Insurance System (GSIS) jumped to 12 percent in the first quarter of 2024. The GSIS reported on Thursday, May 2, that their collected insurance premiums garnered P2.98 billion from January to March this year, which is higher than P2.65...
In light of the pertussis outbreak in Sta. Rosa City, Laguna, the Government Service Insurance System (GSIS) has set aside P178 million for emergency loans to assist members and pensioners directly affected by the situation. In a statement, the pension fund for government workers said the...
Over P13 billion worth of premiums were paid to microinsurance companies by the year-end 2023, increasing by 17.3 percent from P11 billion in 2002. The Insurance Commission said that the significant increase in premium collection could be attributed to the across-the-board increase in premium...
