Insurers could see growing interest in financial lines and cyber policies with social-engineering and crime extensions in the Philippines, after Filipino companies reported fraud losses of about ?HP4tn ($71.43bn).
Southeast Asia may soon have an insurance programme for rebuilding damaged infrastructure following natural catastrophes.
FM has appointed Mr Calvin Kuan as client service manager for Southeast Asia.
The Philippine Health Insurance Corporation (PhilHealth) paid over PHP200bn in medical claims from January to September 2025.
The Asian Development Bank (ADB) has approved a $400m policy-based loan to support reforms aimed at raising the efficiency of the Philippines' insurance industry, creating an enabling environment for broader participation in the sector, and helping stimulate stronger economic growth.
KRM Re has appointed Mr Ramon "Mon" Zandueta as managing director and CEO.
Philippines Congress is likely to consider a request from the government to double the crop insurance subsidy it pays to the country's farmers to PHP8bn in 2026 so that it covers up to 4.2m farmers. According to a news report on the news portal https://bilyonaryo.com most of these farmers are rice growers.
As part of its initiative to ensure that only approved products are offered to the public, the Filippino insurance regulator, the Insurance Commission (IC), has directed all insurers, mutual benefit associations, health maintenance organisation, and pre-need companies to submit an inventory of all existing products and services.
The Filippino Department of Finance (DOF) has ordered all agencies, government financial institutions, and government-owned and controlled corporations under its supervision to extend much-needed aid to the victims of the recent 6.9 magnitude earthquake in Cebu and severe tropical storm Opong.
Raising a child is never an easy task, and the present economic climate makes the challenge especially hard, Sun Life Grepa said in a statement.