For the Philippine executives surveyed in the recent Allianz Risk Barometer, business interruptions and natural catastrophes are the major risk factors for companies operating in the country in 2020.
This agent bashing advertisement by the UnionBank of the Philippines caused a stir in the insurance community in the Philippines. And rightly so. Such distasteful advertisements have to stop.
Life insurers are forming a position on a legal opinion from the insurance regulator that allows insured individuals in same-sex relationships to enter their partners as beneficiaries of insurance policies.
Independent claims specialist Cunningham Lindsey Philippines has officially rebranded itself as Total Claims Specialists (TCS) with a view to continuing its expansion within the Philippines and overseas.
Two Bills have been filed in the House of Representatives that seek to place the Insurance Commission (IC) under the control of the Bangko Sentral ng Pilipinas (BSP).
Cunningham Lindsey Philippines (CLP), a longstanding Philippine-owned loss adjusting and claims management company, has rebranded itself as an independent stand-alone business, Total Claims Specialist (TCS).
The spread of the Wuhan coronavirus is unlikely to have a significant impact on the performance of the local insurance industry, according to a top official of the Insurance Commission (IC).
Online life insurer Singlife Philippines which received its licence from the insurance regulator earlier this week is hailed a pioneer in the Philippine InsurTech market.
The Insurance Commission (IC) has issued a stern warning to all life and non-life insurance companies that a cease-and-desist order shall be issued against them should they fail to comply with the PHP900m ($17.8m) minimum net worth and minimum capital investment requirement by the regulator's deadline.
The primary insurance market in the Philippines has 86 players serving a population of 105m - suggesting that some consolidation might be in order.