COMPLAINTS against Mutual Benefit Associations (MBAs) and Health Maintenance Organizations (HMOs) by the insuring public increased last year, data provided by the Insurance Commission (IC) revealed. Based on the IC’s latest data, complaints against MBAs rose by 178.26 percent with a total of 64 complaints in 2023 compared to 23…
THE amount of premiums collected by the microinsurance industry as of the third quarter of last year rose by almost 20 percent year-on-year to over P10 billion as more Filipinos insured their lives and assets. The Insurance Commission (IC) said microinsurance premium production as of the third quarter of 2023…
PH insurance industry s net income grew by 4 2% in H1 inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Fortune Life Insurance Company took part in the first ever Life Insurance Convention Philippines (LifeConPH) with the theme, “Sparking Passion, Igniting Action” from August 9 to 11, 2023 at Shangri-La Mactan, Cebu City. The event was organized by the Life Underwriters Association of the Philippines (LUAP) and the Million Dollar…
THE Insurance Commission (IC) said it is “optimistic” that both the country’s insurance density and penetration would improve on the back of financial literacy programs and digitalization amid an expanding insurance industry. IC Commissioner Reynaldo A. Regalado was cognizant that the country’s insurance density and insurance penetration remained paltry despite…