Topic

Insurance Commission

The Insurance Commission of the Philippines plays a key role in regulating and promoting the country's insurance sector, overseeing policies that enhance financial protection and resilience for Filipinos. Recent developments show strong growth in the industry, supported by increased premium collections and international investments such as a $400 million ADB loan for digitalization. The Commission is also involved in policy reforms, including proposed changes to insurance coverage and driver training standards.

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This is an AI-generated summary based on recent coverage. It was last updated on Sun, November 23, 2025 at 1:09 AM

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Recent developments on Insurance Commission

Sat, November 22, 2025 at 2:10 AM

Philippine HMOs net income triples in Q3 2025 on strong premium collections

Philippine health maintenance organizations (HMOs) experienced a significant surge in profits, tripling their aggregate net income in the third quarter of 2025 due to robust premium collections.

Tue, October 14, 2025 at 5:21 PM

ADB grants Philippines $400M loan to boost insurance sector

The Philippines has secured a $400 million loan from the Asian Development Bank (ADB) aimed at enhancing its insurance sector.

Tue, September 9, 2025 at 10:54 AM

LTO proposes doubling CTPL insurance to P400,000, stricter driver training

The Land Transportation Office (LTO) is proposing to increase the Compulsory Third-Party Liability (CTPL) insurance coverage to P400,000 per accident, doubling the current P200,000 maximum benefit.

Wed, May 28, 2025 at 5:05 PM

Insurance demand in PH to grow 9.2% by 2035

Demand for insurance in the Philippines is projected to increase by 9.2% by 2035, driven by population growth and insufficient social protection policies, according to a study by Allianz.

Fri, May 23, 2025 at 12:00 AM

GCash to launch Shari'ah and crop insurance this year

GCash, through its insurance arm GInsure, is set to launch new sector-specific insurance products within the year, including Shari'ah-compliant insurance and crop insurance.

Wed, May 21, 2025 at 1:23 PM

Philippine insurance penetration rate improves in Q1 2025

Philippine insurance penetration improved to 1.89 percent in Q1 2025 from 1.78 percent in Q1 2024, though it remains below the global rate of over 6 percent.

Thu, May 15, 2025 at 12:02 AM

IC places Getwell Health Systems under conservatorship

The Insurance Commission (IC) has placed Getwell Health Systems, Inc. (GHSI) under conservatorship due to its inability to comply with capitalization and financial requirements.

Mon, May 5, 2025 at 5:42 PM

Marcos Jr. honors officials for FATF gray list removal

President Ferdinand R. Marcos Jr. awarded 29 government officials from various agencies for their role in the Philippines' removal from the Financial Action Task Force (FATF) gray list.

Thu, April 10, 2025 at 2:21 PM

IC releases new investment guidelines for regulated entities

The Insurance Commission (IC) has released new omnibus guidelines on investments for regulated entities like insurers, reinsurers, and mutual benefit associations (MBAs).

Wed, March 26, 2025 at 3:18 PM

SC upholds graft conviction of ex-Laguna guv ER Ejercito

The Supreme Court (SC) upheld the graft conviction of former Laguna Governor Emilio Ramon "ER" Ejercito for approving an illegal insurance contract in 2008 as Pagsanjan mayor.