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Philippines tag returned 160 results

  • Philippines: Tender launched for insurance of state assets

    Social insurance institution Government Service Insurance System (GSIS) has launched a tender, from 4-11 December, for an insurance plan to cover government assets in 25 provinces in the Eastern Seaboard for PhP1tn ($19.7bn).

    Asia | 09 Dec 2019
  • Philippines: Regulator proposes list of changes to insurance law

    The Insurance Commission (IC) is seeking to amend the insurance law, about six years since it was last revamped in 2013, to cater to developments like takaful and catastrophe insurance.

    Asia | 05 Dec 2019
  • Philippines: MAPFRE achieves minimum capital requirement

    The Philippine outfit of non-life Spanish insurer MAPFRE has fulfilled the minimum net worth requirement set by the Insurance Commission after raising its paid-up capital to PHP900m ($17.6m).

    Asia | 02 Dec 2019
  • Asia: Singapore Exchange is first bourse in the region to list cat bonds

    SGX (Singapore Exchange) has become the first Asian exchange to list the first catastrophe bonds issued for a sovereign entity in the region and the first to be issued for the Philippines.

    Asia | 28 Nov 2019
  • Philippines: Country first in Asia to receive catastrophe-linked bonds

    As one of the most disaster-prone countries in the world, the Philippines often faces exorbitant Nat CAT losses. In view of this, the country will be provided with financial protection from the World Bank (International Bank for Reconstruction and Development or IBRD) in the form of catastrophe-linked bonds (CAT bonds).

    Asia | 27 Nov 2019
  • Asia: Nat Re and Taiping Re in cooperation pact

    The National Reinsurance Corporation of the Philippines (Nat Re) and Taiping Re (TPRe) have signed a memorandum of understanding that seeks to strengthen the two reinsurers' cooperation.

    Asia | 14 Nov 2019
  • Philippines: Insurers market more variable unit linked products to meet demand

    More Filipinos are choosing to purchase variable unit linked (VUL) products over traditional life insurance, leading insurers to place more of such products in the market to meet the growing demand.

    Asia | 08 Nov 2019
  • FWD Group appoints Thailand country CEO and Philippines CEO

    FWD Group has appointed Peter Grimes as Country Chief Executive Officer for FWD's businesses in Thailand and Li Hao Zhuang as President & Chief Executive Officer of FWD Life Philippines. Both appointments are effective 1 January 2020 and subject to regulatory approval.

    Agents | 31 Oct 2019
  • Philippines: Govt reviews composite insurers' capital requirements

    The government is set to review the minimum capital requirement of companies that offer both life and non-life insurance products, following concerns raised by industry players, according to the Insurance Commission (IC).

    Asia | 01 Nov 2019
  • FWD Group announces the appointment of Thailand country CEO and Philippines CEO

    FWD Group has announced the appointment of Peter Grimes, currently president & CEO of FWD Life Philippines, as country CEO for FWD's businesses in Thailand, effective 1 January 2020, although he will continue to lead the business during the transition to the end of the year. Following this appointment, FWD will also appoint Li Hao Zhuang, currently group head of agency distribution, as president & CEO of FWD Life Philippines, effective 1 January 2020 and subject to regulatory approval.

    People | 25 Oct 2019

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