Government Service Insurance System (GSIS) members and pensioners affected by the recent African Swine Fever (AFS) in Oriental Mindoro can now avail of an emergency loan. In a statement on Friday, March 8, GSIS said that the pension fund opened its emergency loan window valued at P428 million,...
FWD Life Insurance (FWD Philippines) has urged Filipinos to include insurance protection among their priorities and part of plans in building a better future. Roche Vandenberghe, FWD Philippines Chief Marketing and Digital Business Officer, stressed this as the company launched a new video campaign...
The Government Service Insurance System (GSIS) plans to secure new investment opportunities as part of its efforts to diversify and enhance long-term profitability. Wick Veloso, GSIS president and general manager said the fund has intensified its focus on alternative investments, including private...
With an expanding portfolio of insured properties from government agencies, the Government Service Insurance System (GSIS) has emerged as the largest non-life insurer in the country. Wick Veloso, GSIS president and general manager, said the pension fund's gross premiums written (GPW) for its...
The Philippine Health Insurance Corporation (PhilHealth) on Thursday, Feb. 8 warned the public against a fraudulent website that uses its name to offer users a financial loan. (PhilHealth) In a post on its official Facebook page, PhilHealth said it only provides immediate benefits and services for...
As the Philippines grapples with increasing healthcare costs, the government is gearing up to conduct a morbidity study aimed at determining reasonable premium rates for insurance companies. The Insurance Commission (IC) and the Actuarial Society of the Philippines (ASP) have joined forces to...
The Philippine Health Insurance Corporation (PhilHealth) declared on Thursday, Jan. 25, the extension of privileges related to ongoing systems optimization until Jan. 31. (PhilHealth) The announcement through PhilHealth Advisory No. 2023-0039 outlined changes that will come into effect on Feb. 1,...
The Department of Finance (DOF) has urged the Insurance Commission (IC) to develop new products aimed at addressing emerging challenges, notably climate change. Finance Secretary Ralph G. Recto said there is the need to develop new products, implement innovative solutions, and utilize new...
The Government Service Insurance System (GSIS) has announced its readiness to provide emergency loans to its members and pensioners in Mindanao who have been affected by heavy rainfall, leading to flash floods and landslides. In a statement, Wick Veloso, GSIS president and general manager, said...
The Insurance Commission (IC) reported that premiums from insurance products tailored to meet the requirements of low-income Filipinos surpassed the P10 billion mark in the first nine months of last year. Based on the IC data, the total premiums gathered from microinsurance policies hit P10.16...
The Insurance Commission (IC) raked in more than half-a-billion-pesos from registration and supervision fees last year, largely fueled by examination fees paid by insurance agents. The IC's data revealed that the agency collected over P518 million from January to December 2023, a 3.83 percent...
The Government Service Insurance System (GSIS) has urged its members to take advantage of its improved lending program designed for state workers. In a statement, GSIS President and General Manager Wick Veloso said over 258,000 government employees and Department of Education (DepEd) teachers have...
