Stronghold Insurance Co. Inc. has refuted what it called “misleading and unfounded public statements,” defending the company’s integrity and clarifying the roles of its board of directors and its function in the issuance of surety bonds. In a statement, Stronghold addressed reports concerning...
Government Service Insurance System (GSIS) said its investments in DigiPlus Interactive Corp. have so far generated a total of ₱139 million in dividends since it injected ₱1 billion worth of funds into the gaming firm in 2023. “We already made ₱139 million from that [investment],” Jose...
Unutilized Philippine Health Insurance Corp. (PhilHealth) funds will now be rechanneled to greater universal healthcare (UHC) access, a move welcomed by the Department of Finance (DOF). In a statement on Saturday, Sept. 20, the DOF commended President Ferdinand R. Marcos Jr. for ordering the return...
Leading online gaming firm DigiPlus Interactive Corp. has tapped sister company Philippine First Insurance Co. Inc. (PhilFirst) to introduce the Philippines’ first-ever surety bond program for online gaming players. In a disclosure to the Philippine Stock Exchange (PSE), DigiPlus said the...
FWD Life Insurance Corp. (FWD Philippines) plans to simplify policy contracts and introduce new traditional products next year, as it looks to solidify its standing in the country’s fast-growing but still underpenetrated insurance market. “We want to make insurance easy to understand. Today,...
Pioneer Insurance, in partnership with Nestlé Philippines, has provided crop insurance to coffee farmers from the Tinalon Farmers Association, United Highlander Farmers Producers Cooperative, and the Rural Improvement Club-Kuden in Sultan Kudarat. The insurance coverage equips them with a lifeline...
The Government Service Insurance System (GSIS), in partnership with the Social Security System (SSS), led the celebration of National Pensioners’ Day at the GSIS Head Office in Pasay City as part of the week-long National Pensioners’ Week. The event pays tribute to the invaluable contributions...
Pioneer Insurance and Toyota Motor Philippines Corporation (TMP) have joined forces to reaffirm their shared commitment to providing reliable and accessible insurance solutions for Filipino motorists. “Pioneer believes that collaborating with Toyota, the respected and recognized leader in...
Sun Life of Canada (Philippines), Inc. maintained its lead in the domestic life insurance industry, posting ₱28.9 billion in premium income in the second quarter of the year. In a statement, the local unit of Sun Life of Canada, Inc. reported that premium earnings were nearly double the...
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)....
