+ Follow Insurance Commission Tag
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[ArticleID] => 2530010
[Title] => Insurance penetration rate improves in Q1
[Summary] => The insurance industry’s penetration rate improved in the first quarter, driven by higher premiums, invested assets and benefits paid, according to the Insurance Commission.
[DatePublished] => 2026-05-24 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808868
[AuthorName] => Aubrey Rose Inosante
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/05/23/13_2026-05-23_19-16-13726_thumbnail.jpg
)
[1] => Array
(
[ArticleID] => 2495523
[Title] => IC orders insurers to report DPWH infra bonds
[Summary] => The Insurance Commission (IC) has directed all non-life insurance companies duly authorized to act as sureties to submit detailed reports on all bonds they have issued, as part of efforts to strengthen regulatory oversight and risk monitoring.
[DatePublished] => 2025-12-20 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808493
[AuthorName] => Marco Luis Beech
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/12/19/3_2025-12-19_19-35-4081_thumbnail.jpg
)
[2] => Array
(
[ArticleID] => 2494015
[Title] => Insurance premiums hit P17.5 billion in Q3 amid economic pressure
[Summary] => Total insurance premium income grew by nearly four percent to P17.52 billion as of the third quarter this year, reflecting the industry’s resilience amid economic challenges, the Insurance Commission said.
[DatePublished] => 2025-12-14 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808493
[AuthorName] => Marco Luis Beech
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/12/13/2_2025-12-13_18-09-37286_thumbnail.jpg
)
[3] => Array
(
[ArticleID] => 2487685
[Title] => IC orders insurers to fast-track claims
[Summary] => The Insurance Commission (IC) has ordered insurance firms to expedite processing and payment of claims whenever a state of calamity is officially declared, whether local or national, to ensure faster support for affected policyholders.
[DatePublished] => 2025-11-17 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808493
[AuthorName] => Marco Luis Beech
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/11/16/14_2025-11-16_18-33-35663_thumbnail.jpg
)
[4] => Array
(
[ArticleID] => 2431035
[Title] => IC wants accident insurance expanded to motorcycle taxis
[Summary] => The government wants to expand the coverage of passenger personal accident insurance to motorcycle taxis amid increased exposure following their frequent use as a transport alternative.
[DatePublished] => 2025-03-26 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/03/25/8_2025-03-25_18-21-35268_thumbnail.jpg
)
[5] => Array
(
[ArticleID] => 2428141
[Title] => Insurers to adopt new accounting standards by 2027
[Summary] => The insurance sector has been ordered to adopt new accounting standards by 2027, according to the Insurance Commission.
[DatePublished] => 2025-03-14 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/03/13/ic_2025-03-13_18-47-00198_thumbnail.jpg
)
[6] => Array
(
[ArticleID] => 2401419
[Title] => Insurance industry nets P40 billion in 9 months
[Summary] => The country’s insurance industry saw its net income inch up by 4.2 percent to P39.93 billion as of end-September, mainly driven by earnings from the non-life sector.
[DatePublished] => 2024-11-20 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808134
[AuthorName] => Keisha Ta-Asan
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/11/19/7_2024-11-19_18-30-31968_thumbnail.jpg
)
[7] => Array
(
[ArticleID] => 2397879
[Title] => First Islamic insurance in Philippines to bridge social protection gap
[Summary] => The government has issued the first Takaful or Islamic insurance license in the country amid the need to bridge the gap in social protection and offer a more affordable option to Muslim and non-Muslim Filipinos.
[DatePublished] => 2024-11-06 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/11/05/14_2024-11-05_18-52-13955_thumbnail.jpg
)
[8] => Array
(
[ArticleID] => 2394737
[Title] => Pre-need profit soars despite drop in life plans sold
[Summary] => The pre-need industry saw its net income jump by more than 50 percent to P2.9 billion in the first semester even amid a decrease in the number of life plans sold, the Insurance Commission said.
[DatePublished] => 2024-10-24 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/10/23/14_2024-10-23_18-18-22328_thumbnail.jpg
)
[9] => Array
(
[ArticleID] => 2379297
[Title] => Insurance penetration improves to 1.71% of GDP
[Summary] => The insurance industry saw its net income rise to P28 billion in the first half amid increases in the life and non-life segments with the sector’s contribution to the overall economy also improving to 1.71 percent.
[DatePublished] => 2024-08-21 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/08/20/a813_2024-08-20_18-23-4447_thumbnail.jpg
)
)
)
Insurance Commission
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 2530010
[Title] => Insurance penetration rate improves in Q1
[Summary] => The insurance industry’s penetration rate improved in the first quarter, driven by higher premiums, invested assets and benefits paid, according to the Insurance Commission.
[DatePublished] => 2026-05-24 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808868
[AuthorName] => Aubrey Rose Inosante
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/05/23/13_2026-05-23_19-16-13726_thumbnail.jpg
)
[1] => Array
(
[ArticleID] => 2495523
[Title] => IC orders insurers to report DPWH infra bonds
[Summary] => The Insurance Commission (IC) has directed all non-life insurance companies duly authorized to act as sureties to submit detailed reports on all bonds they have issued, as part of efforts to strengthen regulatory oversight and risk monitoring.
[DatePublished] => 2025-12-20 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808493
[AuthorName] => Marco Luis Beech
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/12/19/3_2025-12-19_19-35-4081_thumbnail.jpg
)
[2] => Array
(
[ArticleID] => 2494015
[Title] => Insurance premiums hit P17.5 billion in Q3 amid economic pressure
[Summary] => Total insurance premium income grew by nearly four percent to P17.52 billion as of the third quarter this year, reflecting the industry’s resilience amid economic challenges, the Insurance Commission said.
[DatePublished] => 2025-12-14 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808493
[AuthorName] => Marco Luis Beech
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/12/13/2_2025-12-13_18-09-37286_thumbnail.jpg
)
[3] => Array
(
[ArticleID] => 2487685
[Title] => IC orders insurers to fast-track claims
[Summary] => The Insurance Commission (IC) has ordered insurance firms to expedite processing and payment of claims whenever a state of calamity is officially declared, whether local or national, to ensure faster support for affected policyholders.
[DatePublished] => 2025-11-17 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808493
[AuthorName] => Marco Luis Beech
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/11/16/14_2025-11-16_18-33-35663_thumbnail.jpg
)
[4] => Array
(
[ArticleID] => 2431035
[Title] => IC wants accident insurance expanded to motorcycle taxis
[Summary] => The government wants to expand the coverage of passenger personal accident insurance to motorcycle taxis amid increased exposure following their frequent use as a transport alternative.
[DatePublished] => 2025-03-26 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/03/25/8_2025-03-25_18-21-35268_thumbnail.jpg
)
[5] => Array
(
[ArticleID] => 2428141
[Title] => Insurers to adopt new accounting standards by 2027
[Summary] => The insurance sector has been ordered to adopt new accounting standards by 2027, according to the Insurance Commission.
[DatePublished] => 2025-03-14 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/03/13/ic_2025-03-13_18-47-00198_thumbnail.jpg
)
[6] => Array
(
[ArticleID] => 2401419
[Title] => Insurance industry nets P40 billion in 9 months
[Summary] => The country’s insurance industry saw its net income inch up by 4.2 percent to P39.93 billion as of end-September, mainly driven by earnings from the non-life sector.
[DatePublished] => 2024-11-20 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808134
[AuthorName] => Keisha Ta-Asan
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/11/19/7_2024-11-19_18-30-31968_thumbnail.jpg
)
[7] => Array
(
[ArticleID] => 2397879
[Title] => First Islamic insurance in Philippines to bridge social protection gap
[Summary] => The government has issued the first Takaful or Islamic insurance license in the country amid the need to bridge the gap in social protection and offer a more affordable option to Muslim and non-Muslim Filipinos.
[DatePublished] => 2024-11-06 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/11/05/14_2024-11-05_18-52-13955_thumbnail.jpg
)
[8] => Array
(
[ArticleID] => 2394737
[Title] => Pre-need profit soars despite drop in life plans sold
[Summary] => The pre-need industry saw its net income jump by more than 50 percent to P2.9 billion in the first semester even amid a decrease in the number of life plans sold, the Insurance Commission said.
[DatePublished] => 2024-10-24 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/10/23/14_2024-10-23_18-18-22328_thumbnail.jpg
)
[9] => Array
(
[ArticleID] => 2379297
[Title] => Insurance penetration improves to 1.71% of GDP
[Summary] => The insurance industry saw its net income rise to P28 billion in the first half amid increases in the life and non-life segments with the sector’s contribution to the overall economy also improving to 1.71 percent.
[DatePublished] => 2024-08-21 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/08/20/a813_2024-08-20_18-23-4447_thumbnail.jpg
)
)
)
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