Saturday, December 27, 2025
Today's Print

Tag: Insurance Commission

Insular Life jumps to 5th place in NBAPE

Insular Life (InLife) improved its sales performance, jumping from 7th place at the end of the first quarter of 2023 to fifth place at...

Insurance density, penetration remain low in the Philippines

Digitalization and financial literacy programs will play key roles to increasing the contribution of the insurance sector to the economy, Insurance Commissioner Reynaldo Regalado...

COVID-related insurance payouts declined to P1.53b in second half of 2022

Insurance companies and health maintenance organizations paid out P1.53 billion in COVID-related claims in the second half of 2022, down from P7.65 billion a...

Micro-insurance firms post double-digit growth in premiums

Total premiums collected by micro-insurance companies posted a double-digit growth in 2022 on increased public awareness of the need for affordable insurance products. Latest data...

New IC commissioner

Senior leaders of the National Reinsurance Corporation of the Philippines pay a courtesy visit to newly appointed Insurance Commissioner Reynaldo Regalado (fourth from left)...

‘Rise in minimum catastrophe insurance rates will incentivize cartels’

Agri party-list Rep. Wilbert Lee said the move of the Insurance Commission to increase the minimum catastrophe insurance rates is an anti-competitive policy that...

IC asked to junk disaster premium rate hike order

The Insurance Commission was urged Friday to scrap the implementation of its IC Circular Letter No. 2022-34 which seeks to increase the minimum catastrophe...

Insurance body asked to protect the public

Finance Secretary Benjamin Diokno asked the Insurance Commission to explore new initiatives to promote trust and transparency in financial products and encourage the public...

Insurance body orders closure of 2 companies

The Insurance Commission said over the weekend it issued cease-and-desist orders against two companies for allegedly conducting unlicensed business activities. The commission affirmed the orders...

Solon lauds IC move to hold hike in catastrophe insurance premium

Agri party-list Rep. Wilbert T. Lee on Saturday welcomed a decision of the Insurance Commission (IC) to suspend the increase of insurance premium rates...

Solon to IC: Explain increase in minimum insurance premium

A party-list legislator has appealed to the Insurance Commission (IC) to answer issues surrounding the agency’s abrupt and unreasonable increase on the minimum insurance...

Solon seeks inquiry on ‘abrupt’ increase in catastrophe insurance premiums

A party-list legislator on Monday sought a congressional inquiry into the “impending abrupt and unreasonable” increase of catastrophe (typhoon, flood, earthquake, among others) insurance...

Gokongwei-backed insurance firm gets IC nod

The Insurance Commission said Thursday it approved the application of the Gokongwei family’s JE Holdings Inc., Pin-An Holdings Corp. and Maxicare Health Corp. to...

PCIC now under supervision of IC

Finance Secretary Carlos Dominguez III has placed Philippine Crop Insurance Corp. (PCIC) under the supervision of the Insurance Commission (IC) to empower the latter...
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