Malayan Insurance Covid-19 protection products bag 2 global honors businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
July 22, 2021 THE next best thing available to defeating Covid-19 is getting the anti-virus vaccine injections. And the next best thing to embracing all the accepted precautionary health safety measures is getting insurance protection.
A number of vaccines have already been delivered to the country, and Filipinos are encouraged to get their jabs to help lessen the transmission of the deadly virus.
According to the Centers for Disease Control and Prevention in the United States of America, apart from preventing the spread of Covid-19, getting vaccinated offers protection such as natural immunity from the virus.
It also lessens the chance of reinfection, as the vaccine helps create an antibody response in a person’s immune system.
Malayan rolls out insurance product for modern day diseases sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
BusinessWorld
May 28, 2021 | 12:04 am
MALAYAN INSURANCE Co., Inc., Liberty Insurance Corp. and Prudential Guarantee and Assurance, Inc. have rolled out plans for individuals with trips affected by the coronavirus disease 2019 (COVID-19) pandemic, the Insurance Commission (IC) said in a statement on Thursday.
The IC said the policies offered by these companies include assistance on flight rebooking, airline ticket reimbursements, and hospital cash benefits, among others.
“Those interested to avail of COVID-19 insurance coverage may well consider these products offered by the three companies mentioned,” IC Commissioner Dennis B. Funa was quoted as saying.
“Our fellow Filipinos may examine these insurance products and avail such products that are most responsive to their needs and the particular COVID-19-related risks they seek protection from,” Mr. Funa added.
Malayan Insurance has again topped the Philippine non-life insurance industry, based on GWP in 2020, Insurance Commissioner Dennis Funa has said.
Malayan Insurance’s number one ranking was based on the compilation of quarterly reports on selected unaudited financial figures submitted by insurers to the Insurance Commission.
Malayan Insurance’s gross premiums written amounted to PHP14.21bn ($297m), the highest in the industry, despite the impact of the COVID-19 pandemic on the economy. 2020 was the 50th consecutive year in which Malayan Insurance headed the non-life sector in terms of GWP.
However, the insurer reported net premiums written of PHP4.08bn in 2020, placing it in second place after Prudential Guarantee & Assurance.