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Summit set to discuss insurance issues

For more than a decade now, Reynaldo De Dios, publisher and editor-in-chief of Insurance Philippines Magazine, organizes one of the biggest industry events in the country.

Posted: March 31st, 2014 in Headlines,Inquirer Features | Read More »

Preneed firms grew moderately in 2013

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Insurance Commissioner Emmanuel Dooc: Upward trajectory.  PHOTO FROM INSURANCE.GOV.PH

The preneed industry registered modest growth in 2013 as the increase in demand for memorial and pension plans more than offset the drop in sales of educational plans, the Insurance Commission reported.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

Rise in claims dented non-life insurers’ profit in ’13

Life insurance companies posted a higher net income last year due to rising demand for financial services, but non-life insurance firms suffered a steep decline in profit due to a surge in claims following the natural calamity that hit the country last November.

Posted: March 10th, 2014 in Headlines | Read More »

Sun Life premiums surged 51% in 2013 to P5.96B

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The Philippine unit of global insurer Sun Life of Canada recorded a “spectacular” performance in 2013, reflecting a robust year for the insurance industry.

Posted: March 3rd, 2014 in Headlines | Read More »

Nonlife insurance sector gets ‘high risk’ rating

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Standard & Poor's Ratings Services upgraded its outlook Monday, June 10, 2013, for the US government's long-term debt but affirmed its credit rating for the country at AA+.  AP PHOTO/HENNY RAY ABRAMS

The local nonlife insurance sector has been tagged as a “high risk” industry owing to the country’s fragile institutions, a sub-standard payment culture and weak rule of law.

Posted: February 24th, 2014 in Editor's Pick,Headlines | Read More »

Insurance firms in for growth

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The country’s insurance sector is expected to post a significant growth in revenues over the next few years due to rising household incomes and enhanced regulations, according to Fitch Ratings.

Posted: February 11th, 2014 in Headlines | Read More »

More mergers in insurance sector seen

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Philippine Insurers and Reinsurers Association president Emmanuel Que: Merge or surrender. FILE PHOTO

The non-life insurance industry expects more mergers and acquisitions among its members this year and in the medium term amid rising capital requirements.

Posted: January 28th, 2014 in Latest Business Stories | Read More »

Nonlife insurers seek self-regulation status

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The Philippine Insurers and Reinsurers Association (PIRA), which counts 69 nonlife insurance firms as members, is applying for a self-regulatory organization (SRO) status.

Posted: January 24th, 2014 in Headlines | Read More »

Philam Life sees rebound in equities

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Philippines Stocks Exchange. AP FILE PHOTO

Philam Life expects the local equities market to grow significantly in 2014, saying investors may start focusing more on the country’s strong economic fundamentals.

Posted: January 22nd, 2014 in Latest Business Stories | Read More »

PSE, insurance firms in talks to launch SBL

The Philippine Stock Exchange is working with the insurance industry to supply the stocks needed to fuel securities borrowing and lending (SBL), a capital market activity common in global markets that helps boost trading liquidity.

Posted: December 27th, 2013 in Headlines | Read More »

Insurance firm under PPP framework eyed

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The government, through a loan assistance of about P3 billion from the Asian Development Bank, intends to put up an insurance company that will likely be under the Public Private Partnership program framework. AFP FILE PHOTO

The government, through a loan assistance of about P3 billion from the Asian Development Bank, intends to put up an insurance company that will likely be under the Public Private Partnership (PPP) program framework.

Posted: December 13th, 2013 in Latest Business Stories | Read More »

Gov’t eyes insurance against calamities

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The government is considering availing itself of an insurance plan that will ease the financial burden brought about by relief and reconstruction activities following calamities.

Posted: November 25th, 2013 in Headlines | Read More »

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