The net income of health maintenance organisations (HMOs) in the Philippines tripled in the third quarter of 2025, reaching PHP?2.44bn ($41.4m) from PHP?800.9m recorded in the same period last year.
A new study in the Philippines has revealed that the total health spending in the country had reached PHP1.4tn ($23.81bn) in 2024, which translates to about 5% of the country's GDP.
Filipino farmers have received an initial insurance payout of around PHP571.3m (US?$9.67?m) from the country's Crop Insurance Corporation to accelerate recovery from the effects of recent storms, Fung-wong and Kalmaegi.
In a circular letter, the Insurance Commission (IC), the regulator of the Philippines, ordered all insurance companies and related entities to undertake the following measures whenever a state of calamity is declared in the country:
Over 14,200 small-scale fishers, across 24 coastal municipalities in the Philippines will soon be covered through country's first parametric insurance solution for small scale fishermen. The cover will mitigate income losses resulting from adverse weather conditions that prevent safe fishing in nearshore waters.
The Philippine insurance industry recorded a 13.25% increase in total premiums as of the third quarter of 2025, according to data from the Insurance Commission (IC).
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.