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Insurance industry books higher assets, net worth and payouts in the 1st quarter

Insurance industry books higher assets, net worth and payouts in the 1st quarter
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Gov. Walz announces $2.4M investment to extend free nursing assistant training program

The Next Generation Nursing Assistant initiative provides Minnesotans with free training, books, uniforms, and covers the cost of the certification exam. ....

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Shopee affiliate gets OK from IC to sell life plans | Bernadette D. Nicolas

THE Insurance Commission approved the license of SeaInsure Life Insurance Company Inc. (SeaLife) owned by a Singaporean insurance firm affiliated with e-commerce giant Shopee. Insurance Commissioner Dennis B. Funa issued SeaLife’s license on August 4, allowing it to transact business as a life insurance company in the Philippines. SeaLife, previously… ....

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Pre-need firms given more options for investing funds

THE Insurance Commission (IC) gave pre-need companies more options on where to invest their trust funds. Insurance Commissioner Dennis B. Funa signed Circular Letter 2022-37, amending the guidelines on allowable investments for pre-need trust funds. The updated list of allowable investment outlets for pre-need companies includes: Real Estate Investments Trust… ....

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DOF puts financial-health oversight of PCIC under IC | Bernadette D. Nicolas

THE Department of Finance (DOF) placed state-run Philippine Crop Insurance Corp. (PCIC) under the supervision of the Insurance Commission (IC) to ensure the regular examination of the state-run agricultural insurance firm’s financial condition. Two days before President Duterte’s term ends, Finance Secretary Carlos G. Dominguez III signed on June 28… ....

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