The Employers Confederation of the Philippines (ECOP), the largest employers' group in the Philippines, has backed Executive Secretary Ralph Recto's proposal to expand benefit packages for direct contributing members of the country's state insurer, PhilHealth.
Sun Life Philippines has announced that 100 of its financial advisors have successfully completed an exclusive delivery of the Chartered Trust and Estate Planner (CTEP) programme, marking a significant milestone in its commitment to elevating expertise within its high-net-worth advisory team.
MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Willis, a WTW business, has announced the appointment of Mr Oliver Pryce as Head of Corporate Risk and Broking Southeast Asia; and the promotion of Mr Rupert Roberts to the role of Chief Commercial Officer, Asia. Both appointments are effective 4 January 2027.
AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
The Philippine pre-need industry saw its total net worth increase by 12.18% to PHP32.36bn ($528m) at the end of the first quarter of 2026, from PHP28.84bn recorded in the same period last year.
The Philippine Health Insurance Corporation (PhilHealth) reported that its benefit and claims payments reached PHP177.82bn ($2.9bn) as of the end of May, according to a public advisory issued on Tuesday.
Model management took centre stage on the opening day of the 22nd Asia Nat CAT and Climate Change Conference in Makati City, as industry experts discussed how risk models can remain effective in an increasingly complex environment shaped by climate change and cyber threats.
Insurance companies and other entities regulated by the Insurance Commission (IC) have been ordered to expedite the settlement of claims in areas declared under a state of calamity following the magnitude 7.8 earthquake that struck Mindanao.
The strong tremor that hit the southern Philippine island of Mindanao is expected to result in limited insured losses due to the country's low insurance penetration, according to a commentary by AM Best.