FINANCE Secretary Carlos G. Dominguez III has thumbed down a proposed Senate bill seeking to cap the minimum net worth requirement of insurance players at P900 million instead of jacking it up to P1.3 billion by the end of this year. Speaking on the sidelines of the 73rd Insurance Commission anniversary…
IC monitoring PhilHealth, PCIC s shift to new accounting standard bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Healthcare benefits and claims rose by 25 percent from October to December last year amid the prolonged pandemic, the Insurance Commission reported on Friday, March 25. In a statement, Insurance Commissioner Dennis B. Funa said health maintenance organizations (HMOs) paid P32.72 billion in benef
The Insurance Commission recently endorsed to the Securities and Exchange Commission the application for an increase in authorized capital stock of Eternal Plans Inc. (EPI), from P250 million to P500 million. The endorsement came after Insurance Commissioner Dennis B. Funa approved the recommendation of Atty. John A. Apatan, ex-officio conservator,…
THE insurance industry’s premium income in 2021 rose by over a fifth to P374 billion from P308 billion in 2020 despite the economic and health crises, according to the chief of the Insurance Commission (IC). Premium income generated by life and non-life insurers in 2021 posted a double-digit growth of…