by ev3v4hn | May 26, 2020 | Business News
The Philippines will invite reinsurers for the re-bidding of the planned P2-billion national indemnity insurance program to insure and protect public assets in disaster-prone areas, this time with less stringent documentary requirements. In Resolution No. 10-2020, the interagency Government Procurement Policy Board (GPPB) said it this month amended the bidding documents for procurement of international […]
by ev3v4hn | May 26, 2020 | Business News
The insurance industry’s bottom line grew by over a fifth to P45.12 billion in 2019 as a result of sustained strong sales and insurers’ bigger net worth, the Insurance Commission (IC) said on Tuesday (May 26). In a statement, the IC said last year’s total industry net...
by ev3v4hn | May 25, 2020 | Business News
The “small” number of COVID-19 claims to date reflected low insurance penetration in the country, according to life insurers. At an online press briefing last week, AIA Philam Life chief marketing officer, Leonardo Tan Jr. said the company paid out 10 claims related...
by ev3v4hn | May 19, 2020 | Business News
Life insurer Manulife has offered an additional P1.25 billion worth of life insurance coverage to 25,000 more two-wheel riders from various app-based delivery platforms who continue to brave the streets to transport goods during the lockdown of Luzon and other key...
by ev3v4hn | May 15, 2020 | Business News
With social distancing seen outliving the COVID-19 pandemic, the Insurance Commission (IC) allowed insurance transactions online until end of 2020. The IC, in two circulars issued on May 14, extended the period allowing no physical contact sales of life and non-life...
