State-owned Philippine Crop Insurance Corp. (PCIC) needs to be run by “industry professionals” to stop the company’s money losing business, the government’s chief economic manager said. Finance Secretary Carlos G. Dominguez III, who officially took over the chairmanship of PCIC on Friday,...
SSS mobile app The number of Social Security System (SSS) members filing unemployment-insurance claims skyrocketed since the pandemic began in March last year, the government’s chief economic manager revealed. Finance Sec. Carlos Dominguez III Since the SSS unemployment insurance benefit (UIB)...
Insurance payments related to the coronavirus pandemic hit more than P8 billion. IC Comm. Dennis B. Funa Since the pandemic began, Insurance Commissioner Dennis B. Funa reported that payouts made by life and non-life insurers, health maintenance organizations (HMOs), and mutual benefit associations...
Magsasaka Partylist Rep. Argel Joseph Cabatbat on Friday, Sept. 17 decried as illegal government’s decision to transfer the Philippine Crop Insurance Corporation from the Department of Agriculture to the Department of Finance. Sugarcane farmers In a press statement, Cabatbat said various farmers...
A group of farmers expressed disappointment and fear over the decision of the Duterte Administration to transfer the Philippine Crop Insurance Corporation (PCIC) from the Department of Agriculture (DA) to the Department of Finance (DOF). In a statement, the Federation of Free Farmers (FFF) said on...
As the pandemic drags on, some enterprises are forced into reducing their workforce, or worse even shutting down due to the subsequent recession that followed. 32342 Data from the Philippines Statistics Authority (PSA) released last March showed that the economy shrunk more than expected in the...
Agents and executives of life- and non-life insurance companies across the country have displayed a united front in calling on Vice President Leni Robredo to run for president in the 2022 elections. Insurers for Leni (Facebook) In a statement, the group, which called itself "Insurers for Leni",...
PNP-NCRPO given free 6-month coverage for pneumonia ASEAN insurer, Etiqa Philippines, wins the COVID Management Initiative in Insurance Asia Awards 2021 for its efforts to help frontliners. At the height of the pandemic, the company delivered 5,700 complete sets of personal protective equipment...
The Philippine Health Insurance Corp., commonly known as PhilHealth, needs a long-term plan to fix the agency’s serious systemic problem, the Department of Finance (DOF) said. PhilHealth During a virtual Senate hearing on Wednesday, Sept. 8, Finance Secretary Carlos G. Dominguez III told...
Homegrown insurance technology (insurtech) startup Kwik.insure has rolled out a zero-interest installment payment scheme for availing its insurance policies for vehicles. (FILE PHOTO / MANILA BULLETIN) In a statement, Kwik.insure said customers can pay their premiums over three or six months using...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) announced the second implementation of the Debit-Credit Payment Mechanism (DCPM) that covers received in-process claims from April 8 to August 9, 2021. First implemented...
AXA Take Charge of Your Health For the very first time in my life, I was tapped as a resource speaker for a webinar. It was for an episode of AXA’s "What’s Your Game Plan" series, and the episode revolved around health plans and how one prepares for health-related eventualities. It was entitled...
