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...
The Philippines has officially rolled out a comprehensive insurance coverage aimed at protecting the country from infrastructure losses caused by natural disasters, the Bureau of the Treasury announced. In a statement, Treasury Officer-in-Charge Sharon P. Almanza said the National Indemnity...
The Government Service Insurance System (GSIS) said that the relatives of deceased pensioners who had availed of the Choice of Loan Amortization Schedule for Pensioners (CLASP) are not obliged to settle the remaining loan balance. In a virtual briefing on Tuesday, Dec. 19, Wick Veloso, GSIS...
State-run Government Service Insurance System (GSIS) has invested in renewable energy firm Alternergy Holdings Corp. to speed up the development of wind power projects in Rizal and Quezon. In a disclosure to the Philippine Stock Exchange on Tuesday, Dec. 19, Alternergy stated that the pension fund...
