Insurance industry chalks up 45% jump in 1Q net profits
The insurance industry saw its net income soar by 45% to more than PHP14.29bn ($246m) in the first quarter of this year, compared to...
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10:17:15 PM
Thu, November 14, 2024
May 61 min read
Microinsurers see strong growth in 2023
Microinsurance premium contributions grew by 17.35% to PHP13.54bn ($237m) in 2023, according to data released by the Insurance...
4
Apr 121 min read
Non-life sector drives profit growth in 2023
The Insurance Commission (IC) has announced that the net income of the insurance industry, comprising life and non-life insurance...
16
Feb 221 min read
Regulator considers incentives to boost microinsurance business
The Insurance Commission (IC) is planning to grant incentives to new microinsurance players to boost financial inclusion in the...
64
Jan 231 min read
National Microinsurance Forum 2024: “Sustainable & Inclusive Finance for Climate Resiliency”
PIRA Executive Director Mitch Rellosa was invited as one of the panelists and reactors to the National Microninsurance Forum 2024 with...
46
Sep 28, 20231 min read
Insurance sector's 2Q2023 net profits increase despite dip in total premium
The insurance industry in the Philippines raked in a net income of PHP22.4bn ($393.5m) in the second quarter of 2023, 4.23% higher than...
40
Jun 14, 20231 min read
Microinsurance premiums and policyholders grow in 2022
Total premiums collected by microinsurance companies increased by 14% year on year to PHP11.53bn ($207.4m) in 2022, data from the...
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