Sickness and disasters will continue to pose risks post-pandemic “Filipinos have always been highly underinsured,” shares AXA Philippines President and CEO, Rahul Hora, during a recent interview. But if there has been a silver lining to the COVID-19 pandemic, it is that Filipinos are now...
The Government Service Insurance System (GSIS) on Monday, Feb. 14, vowed to expedite the processing of insurance claims of government agencies whose properties have been “extensively damaged” by Super Typhoon Odette. “I have instructed our Insurance Group to help clear the debris in insured...
With the gradual easing of restrictions, the chaotic Manila traffic is back. Instead of the peaceful and empty intersections, in its place is heavy traffic, harried drivers and commuters, and shorter tempers makes for the perfect setting for road accidents. Whether you’re going on a long or short...
The extreme challenges posed by the pandemic and its economic fallout over the past two years have fueled Filipinos’ interest in insurance as shown by the 27 percent jump in spending allocation for insurance premiums in 2021, a study by the Hong Kong-based insurer AIA Group revealed. Based on the...
The ongoing pandemic has not only disrupted routines and derailed plans, but also heightened our fears about life’s uncertainties. It made us rethink our priorities, putting health and financial preparedness first before everything else. Almost always, unexpected health-related expenses...
The Insurance Commission (IC) lauded the state-owned Philippine Crop Insurance Corp. (PCIC) and CARD Pioneer Microinsurance, Inc. (CPMI) for an agreement on agriculture insurance. In a statement, Insurance Commissioner Dennis B. Funa said the co-insurance agreement between PCIC and CPMI would help...
The Senate unanimously approved on third and final reading the bill seeking to amend certain sections of the Philippine Deposit Insurance Corp. (PDIC) Charter, and make it an attached agency of the Bangko Sentral ng Pilipinas (BSP). Voting 23-0-0, the Senate passed during its hybrid plenary session...
The Government Service Insurance (GSIS) on Monday, Jan. 31, said it will release a total of P100 million to 10,000 kins of members to augment their college expenses for the academic year 2021-2022. GSIS said each student will receive P10,000 from GSIS. "The P10,000 educational subsidy will bring a...
As the number of COVID-19 cases in the country increased, insurance claim payouts due to the pandemic hit P8.2 billion in the first nine months of last year, a survey conducted by the Insurance Commission revealed. In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 31 that...
The Insurance Commission (IC) has placed pre-need firm Himlayang Pilipino Plans, Inc. (HPPI) under conservatorship due to poor financial management. In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 24, that HPPI was placed under conservatorship following its “continuing...
Making insurance more relevant, accessible to Filipinos As Filipinos become more concerned about their health and well-being, the country’s life insurance industry has seen unprecedented growth due to the global pandemic. The ongoing health crisis has certainly brought life insurance to the top...
Presidential aspirant Vice President Leni Robredo wants to empower micro, small, and medium enterprises (MSMEs) to address the country’s high unemployment rate and job losses amid the pandemic. Vice President Leni Robredo speaks to her supporters from Laguna during a virtual greet and meet event...
