DEPITE the hurdles related that the pandemic established on progress, the year 2021 remains a “year of growth,” according to Insurance Commissioner Dennis B. Funa. Citing data from interim reports for the third quarter of last year, Funa said the industry’s total net income grew by 31.04 percent year-on-year while…
ARISE-Philippines and its priority lead for insurance, the Philippine Insurers and Reinsurers Association (PIRA) recently held the INSURANCE FOR RESILIENCE WEBINAR SERIES, a two-part webinar intended to raise awareness on the critical role that insurance plays in building the resilience of businesses and communities. Session one was held last November…
The Insurance Commission (IC) has finally approved the guidelines on the adoption of a regulatory sandbox framework in a bid to encourage greater private sector participation in agricultural insurance. According to Circular Letter No. 2021-60 signed by Insurance Commissioner Dennis B. Funa, “agriculture insurance in the country is mostly provided…
Rules vs redundant vehicle insurance issued | Bernadette D. Nicolas businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
The cost of fraud across the Asia Pacific (APAC) region last year rose to 3.51 and 3.87 times the amount of actual lost transaction values due to the rise of fraudulent transactions. These figures, which came from the LexisNexis® True Cost of Fraud Study from LexisNexis® Risk Solutions for the Phili