Micro pre-need products ready by yearend, says IC
By
Ted P. Torres
| September 1, 2015 - 10:00am
The Insurance Commission (IC) and the pre-need companies are working on introducing micro pre-need products by the end of 2015.
Business
6 foreign insurance firms woo Philippine National Bank
By
Ted P. Torres
| August 9, 2015 - 10:00am
Six foreign financial institutions are interested in forming an alliance or a joint venture bancasssurance with Philippine...
Business
Insurance Commission forecasts record P250-B premium income for insurers
By
Ted P. Torres
| July 30, 2015 - 10:00am
The Insurance Commission (IC) expects the industry’s total premium income this year to surpass the record P198 billion in 2013 to hit a new all-time high of P250 billion.
Business
Prudential retains top spot in non-life insurance
By
Ted P. Torres
| March 17, 2015 - 12:00am
Prudential Guarantee and Assurance Inc. (Prudential Guarantee) has retained top spot in terms of net premium written (NPW) among the country’s 70 non-life insurance companies in 2014. From P3.19 billion in...
Banking
Sun Life, AXA Life lead in premium income in 2014
By
Ted P. Torres
| March 11, 2015 - 12:00am
Sun Life of Canada (Philippines) Inc. reported a total premium income of P30.7 billion in 2014, slightly higher than the P29.6 billion in 2013 which enabled it to retain leadership in the country’s life insurance...
Business
Insurance premiums down in 2014
By
Ted P. Torres
| February 17, 2015 - 12:00am
The country’s insurance industry has reported total premium income of P188 billion in 2014, down slightly from the P198 billion reported in 2013, due mainly to lower sales performance by the life insurance...
Banking
Life insurers’ premium income falls 7.8% to P157.8B in 2014
By
Ted P. Torres
| February 15, 2015 - 12:00am
The country’s life insurance industry reported P157.8 billion in total premium income last year, 7.81 percent lower than the P171 billion recorded in 2013, based on initial data released by the Insurance Commission...
Business
2015 premium income outlook bullish
By
Ted P. Torres
| December 23, 2014 - 12:00am
The Insurance Commission (IC) is confident that the country’s insurance industry could hit a record P200 billion in 2015.
Banking
IC sells former Prudential Plans property in BGC for P402 M
By
Ted P. Torres
| December 21, 2014 - 12:00am
The Insurance Commission (IC) has sold a foreclosed property owned by the shuttered Prudential Plans Inc. (PPI), the biggest sale since the Government Service Insurance System (GSIS) sold a 1,600-square meter property...
Business
Phl leads East Asia in microinsurance
By
Ted P. Torres
| November 25, 2014 - 12:00am
Roughly 27.96 million Filipinos had microinsurance coverage in 2013, among the highest in the East Asian region, according to the Insurance Commission (IC).
Banking
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