This undated photo courtesy of the Financial Stability Coordination Council shows (from left) Insurance Commissioner Dennis B. Funa; Bangko Sentral ng Pilipinas, Governor Benjamin E. Diokno; Securities and Exchange Commission Chairman Emilio B. Aquino and FSCC Technical Secretariat Head Johnny Noe E. Ravalo during the FSSC quarterly meeting. According to…
The Insurance Commission (IC) lauded the state-owned Philippine Crop Insurance Corp. (PCIC) and CARD Pioneer Microinsurance, Inc. (CPMI) for an agreement on agriculture insurance. In a statement, Insurance Commissioner Dennis B. Funa said the co-insurance agreement between PCIC and CPMI would he
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
The Insurance Commission (IC) has placed pre-need firm Himlayang Pilipino Plans, Inc. (HPPI) under conservatorship due to poor financial management. In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 24, that HPPI was placed under conservatorship following its “continuing
DEPITE the hurdles related that the pandemic established on progress, the year 2021 remains a “year of growth,” according to Insurance Commissioner Dennis B. Funa. Citing data from interim reports for the third quarter of last year, Funa said the industry’s total net income grew by 31.04 percent year-on-year while…