In an era defined by economic uncertainty, digital fatigue and growing social isolation, young Filipinos are facing surging mental health problems according to AXA 2025 Mind Health report.
InLife, the Philippines first and largest local life insurance company, reported stronger financial performance in 2024 compared to 2023.
The Philippine non-life insurance sector performed well in the first quarter of 2025, marking a recovery from the downturn experienced in 2024, said the Insurance Commission (IC) in a statement.
The Philippine life insurance sector's total net income rose by 12.22% to PHP10.83bn ($195.72m) in the first three months of this year from PHP9.65bn in the first quarter of 2024, according to data released by the Insurance Commission (IC).
Mutual benefit associations (MBAs) have posted a combined net surplus of PHP1.59bn ($28.67m) in 1Q2025, dropping by 25.21% from PHP2.12bn in 1Q2024, according to statistics released by the Insurance Commission (IC).
Prudential has appointed Mr Naveen Tahilyani as regional CEO for India, the Philippines, Cambodia, Laos, Myanmar, as well as Africa, with responsibility for health, effective 29 July.
The total net income of the Philippine insurance industry grew to PHP15.30bn (276.6m) for the first three months of this year, 7.1% higher than the PHP14.29bn chalked up for 1Q2024, according to a statement released by the Insurance Commission.
According to Prudential, in 1Q2025, new business profit on a traditional embedded value went up 12% to $608m, annual premium equivalent (APE) sales went up 4% to $1.7bn and new the new business margin increased by two percentage points.
The Government Service Insurance System (GSIS) announced that it has surpassed its non-life insurance premium target for the third consecutive year, highlighting its continued role in safeguarding public assets across the country.
Pru Life UK is looking at banks and non-traditional players to partner with in a bid to boost its distribution network and include more Filipinos into the social protection system.