Philippines

Most insurance companies use 18-year-old legacy systems, not enough to drive innovation: ZA Tech

Legacy systems often come with limitations that can hinder the development of new products and insurance channels.

Most insurance companies use 18-year-old legacy systems, not enough to drive innovation: ZA Tech

Legacy systems often come with limitations that can hinder the development of new products and insurance channels.

Etiqa Philippines says rising costs may entail adjustments in premium pricing and risk management strategies

Although various influences linger, the country’s penetration rate must be put in focus.

Sun Life Philippines pushes for a purpose-driven agency force in the digital era

The insurer shared the sheer importance of having the right balance between customer and clientele.

Manulife Philippines President and CEO points out three ways to navigate post-pandemic challenges

The insurance leader said insurers have a unique opportunity to address the health protection gap in the Philippines.

EY consulting partner tallies six emerging focus areas insurers must be on the lookout for

The expert said the life and health insurance and retirement industries will witness transformative changes in the coming years.

PH congressman proposes 2% tax collection on non-life premiums

Currently, only life insurance premiums are taxed in the country.

The Philippines’ life insurance sector climbs 9.6% YoY in Q2

This was driven by the surge recorded in premium collections from traditional life insurance products.

Philippines’ Nat Re’s underwriting performance seen to improve: AM Best

Nat Re's enterprise risk management approach is appropriate for its current size and complexity.

Aon Philippines welcomes new country head of reinsurance solutions

He has close to three decades of experience in the industry.

Philippine reinsurance costs to hike from climate change impact

Driven by the high risk of natural disasters amidst climate change, non-life insurance plans may become more expensive.

Micro-insurance protection jumps 22.5% in the Philippines – Q1 2023

Individuals covered also climbed 15.4% to 51.70 million.

Philippines’ Insurance Council transitions HMO to receivership

The HMO had been under conservatorship since 18 January, due to its inability to meet the IC's requirements.

Philippine non-life insurance outlook turns sour: AM Best

The negative outlook was attributed to the heightened negative pressure on the balance sheet and operating performance of counterparts.

Nat Re's business in position to capitalise from local gov't initiatives

Nat Re's underwriting portfolio is moderately diversified by geography.

PH’s COVID-19 claims plummet in H2 2022

Insurance claims related to COVID-19 amounted to P1.53b ($-).