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Insurance industry premiums grow 64% under Duterte presidency

Insurance Commissioner Dennis Funa (File photo) MANILA - The Philippine insurance industry saw robust growth under the Duterte administration, with total gross premiums rising 64.3 percent from PHP169.6 billion in the third quarter of 2016 to PHP278.7 billion in the same period in 2021, according to data from the Insurance Commission (IC). IC Commissioner Dennis Funa said the industry's total net income increased 64.1 percent from PHP22.85 billion by end-September 2016 to PHP37.5 billion in ...
Randy Escolango Dennis Funa Erickson Balmes Ferdinand George Florendo Insurance Commission Finance Secretary Carlos Dominguez

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