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Covid-related claims paid by insurers hit nearly ₧17B

NEARLY P17 billion in Covid-19 related claims have been paid by the insurance industry, health maintenance organizations (HMOs), and mutual benefit associations (MBAs) since the start of the Covid-19 pandemic until the end of 2021. Of the total P16.71-billion claims paid during the period, P12.82 billion or 77 percent were…

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COVID-19 insurance payouts hit P8 2 B

As the number of COVID-19 cases in the country increased, insurance claim payouts due to the pandemic hit P8.2 billion in the first nine months of last year, a survey conducted by the Insurance Commission revealed. In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 31 tha

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HMOs, insurers paid ₧12-B Covid claims | Bernadette D Nicolas

INSURERS, health maintenance organizations (HMO) and mutual benefit associations (MBA) paid a total of P12.12 billion for Covid-19 related claims since the start of the pandemic until end of third quarter in 2021. The Insurance Commission (IC) reported that P8.23 billion or 68 percent of the amount was paid in…

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Insurance, HMO, MBA payouts hit ₧8 25B | Bernadette D Nicolas

Insurance, HMO, MBA payouts hit ₧8 25B | Bernadette D Nicolas
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