Philippines
Philippine insurers to shift towards new accounting system by 2025
Insurers may start to adopt the PFRS 17 in 2023.
Philippine insurers to shift towards new accounting system by 2025
Insurers may start to adopt the PFRS 17 in 2023.
Philippine insurers shell out $80.93m in 2020 COVID-19 claims
Almost $25.4m (PHP1.22b) comprised death benefits.
Philippine insurers' 2020 net income slips 8.6% to $859m
Premium income only crept up 1.18% YoY.
Sun Life is 2020's top Philippine life insurer
It netted a $175m net income and $811m premium income.
Philippine senator seeks to include HMOs in insurance code
He also wants the Insurance Commission to be placed under the central bank.
Philippine non-life insurers must apply new catastrophe rates by April 2022
The cession of facility rates will be based on a maximum limit per risk.
Qoala acquires Thai insurtech FairDee
This move expands Qoala's reach in Southeast Asia.
Philippine non-life insurers stable but pitfalls remain: report
The sector had one of the highest five-year compound growth rates before COVID-19.
Philippine insurers 'firm' despite shrinking capacity: report
Pricing has risen across several segments.
Philippines to launch catastrophe insurance facility in Q1
It will allow insurers to take in more catastrophe risks.
Igloo, Akulaku, UnionBank launch microinsurance in the Philippines
PA products will be available on UnionBank's and Akulaku's platforms.
Philippines issues rules on insurtechs' adoption of regulatory sandbox
All entities must gain the approval from the regulator.
Why you shouldn't miss the inaugural Insurance Asia Forum 2020
Hear from the region’s top insurance execs on how to stay ahead of changing industry trends.
Philippine life insurance premiums jumped 20.4% to $3.32b in 9M2018
Premiums from variable life insurance products hit $2.48b.
Philippine insurtech startup Saphron clinches $1m seed funding
It will optimise AI and real-time data analytics for customer service.
Philippine insurers can now invest in infrastructure projects
The move enhnaces the investment options of the country's insurers.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
