Finance Secretary Ralph G. Recto has urged the Insurance Commission (IC) to go beyond its traditional regulatory mandate and embrace a transformative role as the "tireless guardian of the Filipino dream."
In a move to strengthen social protection for gig economy workers, Grab Philippines and motorcycle taxi platform Move It have joined forces with AXA Philippines and PhilPacific Insurance Brokers & Managers Inc. (Philinsure) to provide free life insurance for top-performing driver-partners.
With Filipinos generally living longer lives, many fear outliving their savings, being unable to afford necessary healthcare, and experiencing a diminished quality of life, according to a study of InLife.
This development aims to address a long-standing gap for Shari’ah-compliant insurance in the Philippines, particularly for the country’s nearly seven million Muslim residents.
The collaboration is designed to help micro, small, and medium enterprises (MSMEs) and corporate clients safeguard against risks like fire, floods, theft, and food poisoning.
HMOs made a significant turnaround in the first half of 2024, swinging back to profitability with a net income of P636.6 million, a sharp contrast to the P1.19 billion loss recorded in the same period last year.
BDO Insure has products to protect against the unexpected. These could be sudden trip cancellations, illness, natural disasters, political unrest, and airline strikes.