insurance

Enhanced bank deposit protection takes effect

Starting today, more bank savings are going to be protected under the expanded insurance coverage…

Nonlife insurers still pushing for lower taxes

The local nonlife insurance industry will continue to push for tax cuts in a bid…

California wildfires seen to stoke insurance costs

The California fires may be miles away but the heat is felt by the local…

AIA Philippines embeds mental health in offerings

The local unit of Hong Kong-based insurance firm AIA Group Ltd. said is scaling up…

BIZ BUZZ: Manulife stands ready to help clients

Last year, the Philippines saw how the effects of climate change resulted in stronger and…

HMOs turn profitable; preneed earnings double

The local health maintenance (HMO) industry swung to profitability last year while preneed firms saw…

PDIC doubles bank deposit insurance to P1M

The Philippine Deposit Insurance Corp. (PDIC) will double the protection for bank deposits, marking the…

BSP to regulate digital financial shops

The Bangko Sentral ng Pilipinas (BSP) wants banks and electronic money (e-money) issuers to follow…

How to insure EV? Risk pricing under study

The local nonlife insurance sector aims to come up with industry-accepted guide rates for electric…

Insurance sector grew ’24 profits by 16%

The insurance industry recorded fatter profits in 2024 on the back of higher premium collection…