Sun Life of Canada (Philippines) has introduced Sun Life Wealth Prosper 7, a limited-offer life insurance product with seven-year coverage and a guaranteed annual payout of 4.50% of the one-time premium payment.
Community-acquired pneumonia III topped the medical conditions with the highest payouts from the Philippine Health Insurance Corp. (PhilHealth) in the first half of 2026, receiving PHP12.76bn ($215.1m) in healthcare claim payments.
Over the past month, Asia has been hit by two Nat CAT events, namely typhoon Dolphin in China, the Philippines and Taiwan, and Japan's 5.9-magnitude earthquake.
Life insurance premium collections in the Philippines rose 17.91% year-on-year to PHP229.98bn ($3.73bn) in the second quarter of 2026, according to the Insurance Commission.
SEADRIF Insurance Company has appointed Ms Felicia Khoo as Strategic Development Lead.
National Reinsurance Corporation of the Philippines (Nat Re) has announced the retirement of President and CEO Mr Allan Santos, effective 1 October 2026, after nine years of service.
The Philippines' House of Representatives has approved a bill seeking to expand agricultural insurance coverage to farmers and fisherfolk facing losses from natural disasters, diseases and other risks.
The Philippines' state insurer gets a new chief in Beverly Lorraine Ho, Chief Health Officer of Ayala Healthcare Holdings and a former Department of Health (DOH) official. She was appointed as the new President and CEO of the Philippine Health Insurance Corp (PhilHealth), according to a presidential spokesman.
Philippine Insurance Commissioner Reynaldo Regalado has been placed under preventive suspension by the country's graftbuster following a complaint filed by an insurance firm.
The Government Service Insurance System (GSIS), a state-run social insurance institution in the Philippines, has released PHP27.29bn ($443.7m) in microloans to 463,608 active government employees under its Ginhawa lending programme.