Thursday, May 14, 2026
Today's Print

Tag: Insurance Commission

IC studies reducing vehicle insurance cost

The Insurance Commission is evaluating a proposal of a transport group to reduce the premium collected by insurance firms on comprehensive motor insurance. Insurance commissioner...

Govt starts probe on HMO provider

The Insurance Commission said it issued a show cause order against Caritas Health Shield, a health maintenance organization, to explain the numerous complaints filed...

Govt threatens to shut down Provident Plans

The Insurance Commission on Monday threatened to shut down Provident Plans International Corp., a pre-need company led by businessman Gregorio Alcantara Jr., unless the...

Insurance industry’s premium income jumped 19.5% in Q1

The local insurance industry grew 19.5 percent in the first quarter from a year ago in terms of premium income, the Insurance Commission said...

Still the biggest problem

There is no argument that President Duterte is on the right track in addressing the drug menace. It could make us a narco-state. We...

Insurers set underwriting rules for people with HIV

THE Insurance Commission has partnered with insurance industry stakeholders to come out with underwriting guidelines for people suspected or are positive for the human...

IC issues new rules on mutual life firms

The Insurance Commission said it issued a new directive for the demutualization of domestic mutual life insurance companies to protect existing policyholders. IC issued Circular...

Insurance firms given leeway to meet capital

Insurance companies that fall short of the minimum P550-million capitalization requirement imposed by the amended Insurance Code have until April this year to reach...

8 non-life insurers in merger talks, 4 to close down

The Insurance Commission on Friday said eight non-life insurers were working out a merger to comply with the minimum paid-up capital requirement of P550...

Funa appointed new chief of Insurance Commission

President Rodrigo Duterte appointed Deputy Insurance Commissioner Dennis Funa as the new head of the Insurance Commission.  Executive Secretary Salvador Medialdea confirmed the approval of...

New SSS President faces graft case

The group Volunteers Against Crime and Corruption (VACC) has filed a graft case against the newly-appointed head of the Social Security System (SSS). In a...

Demise of Filipino life insurance sector

Policymaking can be a very tricky activity even under the best of circumstances. There are several reasons for this. Undoubtedly the most important of...

Govt reviews catastrophe insurance bid

The Insurance Commission will revisit its compulsory catastrophe insurance proposal to align with the new administration’s priorities amid climate change. Insurance Commissioner Emmanuel Dooc said...

IC requires insurers to share medical info

The Insurance Commission has required life insurance companies to create and share the medical information data base of policy holders to prevent fraud in...
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