Two of the country’s biggest non-life insurers— FPG Insurance Co. Inc. and The Mercantile Insurance Co. Inc.—are merging to form a new entity with an estimated ₱10-billion gross written premium (GWP), a scale that would place it among the top four players in the Philippine non-life...
The Philippine insurance industry posted a double-digit growth in terms of premium collections in the first six months of 2025, according to the Insurance Commission (IC). Latest data from the IC showed that combined premiums for both life and non-life insurance products reached ₱242.8 billion as...
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
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...
To clear up allegations surrounding its financial status following a controversial investment, the Government Service Insurance System (GSIS) reported that its net income in the first six months of 2025 jumped by more than a quarter to ₱77 billion from ₱61 billion in the same period in 2024. In...
Suspended Government Service Insurance System (GSIS) President and General Manager (PGM) Jose Arnulfo “Wick” Veloso has issued a formal statement, arguing that the preventive suspension ordered against him, along with six other executives, was merely based on bare allegations contained in an...
The Government Service Insurance System (GSIS) and the Social Security System (SSS) are ramping up efforts to provide swift financial relief to members and pensioners affected by recent calamities Both agencies have announced more accessible and streamlined loan programs. GSIS has opened emergency...
Senator Sherwin Gatchalian on Wednesday, July 23 called on the government to protect Government Service Insurance System (GSIS) members’ interests at all cost in light of authorities’ investigation into its stock investment decisions. Gatchalian is referring to the Department of Finance (DOF)...
The Government Service Insurance System (GSIS) has appointed Juliet M. Bautista as officer-in-charge after the Office of the Ombudsman ordered the suspension of President and General Manager Jose Arnulfo “Wick” Veloso and six other executives over the ₱1.45 billion purchase of preferred...
Metro Pacific Investments Corporation’s subsidiary mWell has decided not to remain just a digital platform and has officially launched its first Primary Care Facility (PCF) in Main Square Mall, Bacoor City. “While a fully integrated digital platform, mWell built the PCF to showcase its Digital...
After receiving zero subsidies this year, the Philippine Health Insurance Corporation (PhillHealth) will be getting ₱53.3 billion in government support next year, according to President Ferdinand Marcos Jr.’s chief economic manager. Department of Finance (DOF) Secretary Ralph G. Recto told...
The government-ordered revamp of Philippine Health Insurance Corp. (PhilHealth), which aims to address inefficiencies and operational challenges within the state health insurer, will last up to three years before services see substantial improvements. Last month, the Governance Commission for...
