The national energy emergency in the Philippines is showing its impact on residents, with health insurance premiums a definite financial pressure. In response, the Philippine Health Insurance Corporation, or PhilHealth, its state-owned health insurance agency, has opened a one-time fine waiver for premium arrears.
Leading finance and insurance government agencies in the Philippines have teamed up to strengthen cybersecurity in the insurance industry.
The Philippines' insurance regulator, the Insurance Commission (IC), Bureau of the Treasury, Government Service Insurance System, Social Security System, Philippine Deposit Insurance Corporation and the Landbank of the Philippines have signed a Memorandum of Agreement (MOA) on a shared cyber defence solution for the insurance cluster
QBE Re has appointed Mr Tanaka Soichiro as Head of Southeast Asia. In this newly created role, he will lead underwriting strategy for Southeast Asia, overseeing portfolio management and growth opportunities as the reinsurer continues to expand in Asia.
The number of Filipinos expected to work beyond the typical retirement age is rising, according to a recent survey by life insurer Sun Life. The study, titled "Retirement Reimagined: Asia's Retirement Divide", found that 72% of respondents anticipate continuing work past age 65.
The Philippine pre-need industry posted double-digit growth at the end of 2025, with total net worth reaching PHP33.87bn ($577.26M), a figure 21.04% higher than that recorded a year earlier. Data from the Philippine Insurance Commission also showed retained earnings increasing by 39.57%, accounting for 73.48% of total net worth.
Global trade credit risk management group Coface has forecast global growth of 2.6% this year, a slight easing from 2.8% in 2025. The forecast was made before 28 February when the US-Israel vs Iran military conflict began.
The majority of Asia's middle class feel financially anxious and underprepared for retirement, as rising living costs and growing family responsibilities reshape financial priorities across generations.
The Philippines needs to overhaul its insurance framework by mandating home coverage and incentivising disaster-resilient construction, the Organization for Economic Cooperation and Development (OECD) says.
The total premiums of the Philippine insurance industry breached the PHP500bn ($8.6bn) mark in 2025, driven by consumers' increasing focus on long-term protection despite economic uncertainties.