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Philippines tag returned 143 results

  • Philippines: Insurers allowed to undertake securities borrowing & lending

    The Insurance Commission (IC) is allowing insurers to participate in securities borrowing and lending (SBL) transactions, subject to regulatory approval.

    Asia | 16 Sep 2019
  • What's new this week - 23 Aug 2019

    A curation of the latest and most important developments in the insurance industry to keep you up to date.

    Agents | 24 Aug 2019
  • Philippines: Government urged to provide mandatory crop insurance

    To help local farmers cope with damaged crops and their associated costs, the Philippine government is urged to provide mandatory insurance coverage for unhusked rice and other crops, according to local publication The Philippine Star.

    Asia | 22 Aug 2019
  • Manulife Philippines appoints new President and CEO

    Manulife Philippines has announced the appointment of its new President and Chief Executive Officer (CEO).

    Agents | 17 Aug 2019
  • Philippines: Insurers to lobby against hike in capital requirement

    The Philippine Life Insurance Association (PLIA) has revealed that it will be working with the Philippine Insurers and Reinsurers Association of the Philippines (PIRA) in getting regulators to keep the capital requirement for insurance companies at PHP900m ($17.3m).

    Asia | 06 Aug 2019
  • Philippines: Singapore online-only life insurer applies for insurance licence

    Singapore Life, a digital-only life insurance company, is expected to enter the Philippines soon, according to a senior official of the Philippine Life Insurance Association (PLIA).

    Asia | 02 Aug 2019
  • Philippines: Regulator revives wound down insurer

    The Philippines' Insurance Commission (IC) has lifted its conservatorship order against Metropolitan Insurance after the insurer secured investments by Hong Kong-based FinTech, Streetcorner E-Commerce. This has enabled the insurer to comply with the current PHP550m ($10.8m) capital requirement for insurance companies and undergo rehabilitation, reported The Philippine Star citing an advisory posted on the IC website.

    Asia | 19 Jul 2019
  • Philippines: State insurer considers automating processes to limit corruption

    The Philippine Health Insurance Corporation (PhilHealth) is considering automating its processing system completely in order to prevent corruption in the agency's transactions, reported the Manila Bulletin. Earlier last month, the agency's former president and CEO Roy Ferrer and six other PhilHealth officials resigned after allegations of fraudulent claims paid by the agency highlighted underlying corruption and revealed insurance fraud.

    Asia | 10 Jul 2019
  • Chinese-European partnership to boost InsurTech development globally

    ZhongAn Online P&C Insurance has collaborated with Digital Insurance Agenda (DIA) to advance the development of InsurTech globally, reported the Shanghai Daily. While Zhong An is dubbed China's first digital-only insurer, DIA is a InsurTech conference organiser headquartered in Barcelona

    Asia | 05 Jul 2019
  • Philippines: Regulator allows private health insurers to limit coverage of HIV patients

    Health maintenance organisations (HMOs) are allowed to suspend or decline applications from HIV patients with co-occurring medical conditions or other risk factors temporarily, according to the Insurance Commission's latest circular letter no. 2019-30. This directive has been passed despite the recent 'Philippine HIV and AIDS Policy Act' which came into effect in December last year.

    Asia | 05 Jul 2019

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