The country’s leading e-wallet GCash has empowered micro-finance for over 14 million users through its insurance arm, GInsure, since its launch in 2021. GInsure, which provides affordable coverage conveniently on GCash, has already provided over 51.4 million policies to its millions of clients....
Over P13 billion worth of premiums were paid to microinsurance companies by the year-end 2023, increasing by 17.3 percent from P11 billion in 2002. The Insurance Commission said that the significant increase in premium collection could be attributed to the across-the-board increase in premium...
The Insurance Commission (IC) reported that premiums from insurance products tailored to meet the requirements of low-income Filipinos surpassed the P10 billion mark in the first nine months of last year. Based on the IC data, the total premiums gathered from microinsurance policies hit P10.16...
Micro-insurance companies collected over P6.7 billion worth of premiums in the second quarter this year, surging by 22.7 percent from P5.5 billion in the same period last year. Latest data released by the Insurance Commission (IC) showed that the number of lives insured under micro-insurance...
FROM THE MARGINS January is National Microinsurance Month. Microinsurance is crucial to financial inclusion and has immense social and economic benefits because it provides poor people with safety nets to help them cope with unexpected shocks. Its growth was facilitated by the Insurance Commission...
FROM THE MARGINS The President has appointed a new tax chief. Atty. Romeo Lumagui, Jr., tax lawyer and former Deputy Commissioner for Operations, recently took his oath, assuming leadership of the Bureau of Internal Revenue (BIR) amidst many challenges. With global inflation and an economy bearing...
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...
