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IC affirms cease-and-desist orders against two firms - BusinessWorld Online

IC affirms cease-and-desist orders against two firms - BusinessWorld Online
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Pre-need industry earnings improve in H1

The pre-need industry’s income rose by 31 percent to P1.33 billion in the first semester   amid higher life plans sold, according to the Insurance Commission. ....

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Pre-need firms given more options for investing funds

THE Insurance Commission (IC) gave pre-need companies more options on where to invest their trust funds. Insurance Commissioner Dennis B. Funa signed Circular Letter 2022-37, amending the guidelines on allowable investments for pre-need trust funds. The updated list of allowable investment outlets for pre-need companies includes: Real Estate Investments Trust… ....

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IC allows pre-need firms to use 34% of trust fund for investment

THE Insurance Commission (IC) gave pre-need companies a wider berth in the use of their respective trust fund for investments. Through its issuance of Circular Letter 2022-25 signed by IC chief Dennis B. Funa, the regulator mandated an additional 2-percent increase in the investment threshold allocation of pre-need companies “to… ....

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