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OONA Insular Insurance Corp. (Oona Insurance) announced it will introduce new products such as new age lines, cyber risk and health insurance, as well as solutions that are emerging on the back of increasing adoption of internet, e-commerce and digital payments. The firm said it would also continue to sell…
More foreign companies are likely to enter the insurance business in the Philippines as the final tranche of the increase in capital requirement – a move that would impact small local firms – nears implementation.
Leading global private equity firm Warburg Pincus is investing $350 million to set up Oona Insurance, a new digital insurance platform in Southeast Asia seeded with two recent significant acquisitions in Indonesia and the Philippines.
Insular Life (InLife) has entered into a joint venture agreement with Oona Philippines Holding Corp. to take the full control of Mapfre Insular Insurance Corp. (MIIC).
In statement, Nina Aguas, InLife executive chairperson, said the Filipino-owned life insurance firm increased its stake in MII