The Asian Development Bank (ADB) has approved a $400m policy-based loan to support reforms aimed at raising the efficiency of the Philippines' insurance industry, creating an enabling environment for broader participation in the sector, and helping stimulate stronger economic growth.
KRM Re has appointed Mr Ramon "Mon" Zandueta as managing director and CEO.
Philippines Congress is likely to consider a request from the government to double the crop insurance subsidy it pays to the country's farmers to PHP8bn in 2026 so that it covers up to 4.2m farmers. According to a news report on the news portal https://bilyonaryo.com most of these farmers are rice growers.
As part of its initiative to ensure that only approved products are offered to the public, the Filippino insurance regulator, the Insurance Commission (IC), has directed all insurers, mutual benefit associations, health maintenance organisation, and pre-need companies to submit an inventory of all existing products and services.
The Filippino Department of Finance (DOF) has ordered all agencies, government financial institutions, and government-owned and controlled corporations under its supervision to extend much-needed aid to the victims of the recent 6.9 magnitude earthquake in Cebu and severe tropical storm Opong.
Raising a child is never an easy task, and the present economic climate makes the challenge especially hard, Sun Life Grepa said in a statement.
Sun Life, the leading life insurer in the Philippines will strategically collaborate with Go Negosyo, a non-profit organisation, to further empower micro, small, and medium enterprises (MSMEs) across the country.
Sun Life has unveiled its newly transformed client service centers and new business offices, marking a bold step forward in delivering exceptional client experiences.
The non-life insurance industry net premiums written (NPW) in the Philippines has risen 20.48% to PHP39.63bn ($69.18m) in 1H2025 as compared to figures from the same period in 2024, according to the Insurance Commission (IC), the country's regulator.
Philippines senator Christopher Lawrence Bong Go has urged the Philippines Health Insurance Corporation to develop more benefit packages for the senior citizens of the country.