The lnsurance Commission (lC) has announced the start of the first industry-wide morbidity study among all insurance companies selling health insurance products as well as all Health Maintenance Organisations (HMOs).
Called Life Advantage, it provides coverage equal to 200% of the sum insured and guaranteed annual income payouts of 5% of the sum insured, EastWest Ageas said in a statement.
The community programme, called "Hoops+Health", is inspiring engagement, activity and healthy living through basketball by improving community access to courts and education across six Asian markets.
The Philippine Insurance Commission (IC) has issued guidelines on the conduct of institutional risk assessment relating to anti-money laundering and combating the financing of terrorism (AML/CFT) by insurance entities to ensure that such a review is carried out comprehensively and uniformly.
Healthcare benefits paid out by health maintenance organisations (HMOs) to its members amounted to PHP30.33bn ($536m) in the first half of 2024, which is a 15.65% increase from healthcare benefits paid out during the corresponding period last year, says the Insurance Commission (IC).
Singapore-headquartered regional InsurTech Igloo has announced that it has expanded its digital platform, Ignite, to the Philippines.
The operating performance of Malayan Insurance, one of the top three non-life insurers in the Philippines in terms of GWP and net income, is viewed as adequate, said AM Best.
The Insurance Commission (IC) is planning to issue rules governing the mandatory insurance for overseas Filipino workers (OFWs).
Finance Secretary Ralph Recto has called on the life insurance industry to expand its reach to prevent Filipinos from falling into poverty.
Pan-Asian life insurer FWD was ranked number six in the 2024 Million Dollar Round Table (MDRT) top 10 multinational companies rankings, for the third consecutive year.