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Insurtech alerts consumers to secure online purchases

INSURANCE technology (insurtech) provider Axinan Pte. Ltd. (DBA Igloo) on Thursday reminded consumers to “celebrate the shopping season” with confidence by taking proactive steps to ensure that their online purchases are safe and secure, amid a swathe of cyberthreats. Igloo CEO Raunak Mehta said amid the burgeoning online market, forecasted… ....

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HMOs pay P32-B benefits, claims in Q3

Benefits and claims paid by health maintenance organizations (HMOs) rose in the third-quarter last year driving by increasing medical needs of the Filipino people, the Insurance Commission said.

In a statement on Thursday, Jan. 19, Insurance Commissioner Dennis B. Funa said health care benefit ....

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GSIS to link IT system with LTO, IC to curb fake insurance cover

STATE-run Government Service Insurance System (GSIS) is set to link its information technology (IT) system with Land Transportation Office (LTO) and Insurance Commission (IC) to speed up processing of motor vehicle registration and curb fake insurance cover. The state pension fund said on Monday that it recently signed an agreement… ....

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Covid claims payouts have hit nearly P20 billion | Bernadette D. Nicolas

TOTAL Covid-19 claims paid by the insurance industry, health maintenance organizations (HMOs), and mutual benefit associations (MBAs) have already ballooned to nearly P20 billion since the health crisis started until the first quarter of this year. The Insurance Commission (IC) reported on Wednesday that total Covid-19 claims payouts have reached… ....

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IC approves Gokongwei's foray in HMO business

Gokongwei-led private investment firm JE Holdings, Inc. has secured the approval of the Insurance Commission for the acquisition of a stake in Maxicare Healthcare Corp.

In a statement on Friday, June 3, Insurance Commissioner Dennis B. Funa said the Gokongwei family, through JE Holdings, now own ....

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