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.
The Insurance Commission (IC) has issued Circular Letter (CL) on the "Omnibus Guidelines on Investments", to enhance investment adaptability of insurers, reinsurers and mutual benefit associations (MBAs) to respond to the dynamic investment market environment.
On March 11 2025, the Insurance Commission (IC) and the National Privacy Commission (NPC) issued Joint Advisory No 2025-001, or Considerations on the Use of Privacy Enhancing Technologies (PETs) in the Insurance Industry.
Sun Life, in partnership with global sport for social change foundation Beyond Sport, has announced the extension of its "Hoops + Health" philanthropy programme for the second year, with the goal of helping 45,000 young people get active by the end of 2025 by providing safe spaces, coaching programmes and equipment in underprivileged communities.
The Philippine Insurance Commission (IC) is encouraging insurance companies and health maintenance organisations (HMOs) to explore offering more gender-responsive policies, considering anticipated increases in healthcare costs nationwide.
Pru Life UK has won a 2024 Silver Quill Award for excellence in communications from the International Association of Business Communicators (IABC), reaffirming the company's commitment to strategic and impactful storytelling, further strengthening its reputation as a leader in the life insurance industry.
Philippines non-life insurers could increase their premium rates by 10% to 15% during 2025 as natural catastrophes have affected the reinsurance market.
Women in Singapore have made significant strides towards financial empowerment even as barriers remain, according to a new survey by Sun Life Asia.