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51 7M Filipinos covered by micro-insurance as of Q1 2023, IC says

51 7M Filipinos covered by micro-insurance as of Q1 2023, IC says
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Rise in premiums to cut insurance coverage | Jasper Y Arcalas

THE number of Filipinos with non-life insurance coverage could decline as premiums rise, driven by unprecedented increase in reinsurance costs due to a confluence of economic and calamity concerns, an executive of Malayan Insurance Co. Inc. warned. Malayan Insurance senior vice president and chief underwriting officer Eden R. Tesoro said…

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