ZAMBOANGA CITY —The Philippine Health Insurance Corp. (PhilHealth) Regional Office IX and Ciudad Medical Zamboanga (CMZ) formalized an accreditation agreement on March 10 recognizing CMZ as the region’s first PhilHealth Z-Benefit Provider for Kidney Transplantation in 2025. CMZ and PhilHealth...
Large companies' heavy reliance on bank loans, particularly from major local banks, could amplify vulnerabilities within the Philippine financial sector, according to the 2024 Financial Stability Report (FSR). "Corporates’ heavy reliance on bank funding could amplify credit risks to the financial...
Pru Life UK, a London-based international life insurance company, is set to be the first Takaful operator in the Philippines, as the insurer’s executives confirmed it will launch the product next month, April 2025. Speaking to reporters during a roundtable discussion on Monday, March 24, Pru Life...
Senatorial candidate Ben Tulfo seeks to provide life insurance for barangay volunteers in a bid to prioritize their welfare. Tulfo said this as he addressed the municipalities in Nueva Ecija specifically the towns of Talavera and Rizal, where he was invited as a guest speaker. “What happens to...
Would you buy a divorce insurance? On March 31, Prime Video will premiere the new Korean romantic comedy series “The Divorce Insurance” starring Lee Dong-wook, Lee Joo-been, Lee Kwang-soo and Lee Da-hee. The series focuses on a team that is planning to create a divorce insurance product...
The Land Transportation Office (LTO) is now crafting measures to increase the benefits of motorists from motor vehicle insurance following consultations with transport groups and even insurance providers. LTO chief, Assistant Secretary Vigor D. Mendoza II also vowed to run after unauthorized...
An expansion of deposit insurance coverage has taken effect, designed to bolster financial security and instill greater confidence in the Philippine banking system. Beginning Saturday, March 15, the adjustment doubled the maximum protected amount for depositors, providing an additional safety net...
Senate President Pro Tempore Jinggoy Ejercito Estrada is now pushing for a measure expanding the compulsory insurance coverage for agency-hired overseas Filipino workers (OFWs). Estrada filed Senate Bill No. 2948 which primarily seeks to amend the provisions of Republic Act (RA) No....
Doubling the subsidy for the Philippine Health Insurance Corp. (PhilHealth) in the next fiscal year would be the most appropriate course of action if the Supreme Court (SC) orders the return of the ₱60 billion fund, according to the Budget chief. This comes after public demand to return the funds...
Increasing frequency and intensity of climate-related disasters are driving up reinsurance costs and impacting insurance premiums in the Philippines Worsening climate change could drive up the cost of insuring personal assets, creating a domino effect from rising reinsurance costs, according...
Makati City 2nd district Rep. Luis Campos Jr. (Facebook) The Philippine Deposit Insurance Corp.'s (PDIC) move of doubling the maximum deposit insurance coverage (MDIC) for bank depositors from P500,000 to P1 million will have a positive impact...
State-run Government Service Insurance System (GSIS) announced a 21 percent increase in net income from operations to ₱135.7 billion in 2024, fueled by strong investment returns and robust operational performance. In a statement on Monday, Feb. 24, Wick Veloso, GSIS president and general manager,...
