May 281 min readInsurance industry chalks up 45% jump in 1Q net profitsThe insurance industry saw its net income soar by 45% to more than PHP14.29bn ($246m) in the first quarter of this year, compared to...
May 61 min readMicroinsurers see strong growth in 2023Microinsurance premium contributions grew by 17.35% to PHP13.54bn ($237m) in 2023, according to data released by the Insurance...
Apr 121 min readNon-life sector drives profit growth in 2023The Insurance Commission (IC) has announced that the net income of the insurance industry, comprising life and non-life insurance...
Feb 221 min readRegulator considers incentives to boost microinsurance businessThe Insurance Commission (IC) is planning to grant incentives to new microinsurance players to boost financial inclusion in the...
Jan 231 min readNational 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...
Sep 28, 20231 min readInsurance sector's 2Q2023 net profits increase despite dip in total premiumThe 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...
Jun 14, 20231 min readMicroinsurance premiums and policyholders grow in 2022Total premiums collected by microinsurance companies increased by 14% year on year to PHP11.53bn ($207.4m) in 2022, data from the...