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IC says PGAI leads non-life sector in NPW

IC says PGAI leads non-life sector in NPW
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

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Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines

Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
© STAR/File
Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
MANILA, Philippines The Insurance Commission (IC) announced Sun Life Canada (Philippines) Inc. and Prudential Guarantee and Assurance Inc. (PGAI) remained the highest-ranked life and non-life insurance company, respectively, in terms of premium income in 2020.
Based on insurance companies’ quarterly reports on selected financial statistics submitted to IC at the end of December last year, Sun Life topped life insurance companies with a premium income of P39.27 billion, while PGAI led the non-life sector with net premiums written (NPW) amounting to P4.55 billion in 2020. ....

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Prudential Guarantee is top non-life insurer

Published April 24, 2021, 6:00 AM
Based on net premiums
The Prudential Guarantee and Assurance, Inc. (PGAI) remained the top non-life insurance company in terms of net premiums last year.
Based on the 2020 rankings released by Insurance Commission, PGAI registered the highest net premiums among non-life insurers at P4.55 billion, effectively maintaining its top spot position for four consecutive years based on companies’ quarterly reports on selected financial statistics submitted to IC at the end of December last year.
Second on the list was Malayan Insurance Co., Inc. with P4.08 billion, followed by Pacific Cross Insurance, Inc. with P3.32 billion and Pioneer Insurance & Surety Corp. with P2.97 billion. ....

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Sun Life, Prudential top life and non-life insurers in 2020

Sun Life, Prudential top life and non-life insurers in 2020
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Texas Winter Storms: Evaluating Business Interruption Claims Following a Large-Scale Disaster | Pillsbury Winthrop Shaw Pittman LLP

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Responding to the Texas Winter Storm Crisis: Issue 2 Winter storms and wide-area events like the one that recently devastated Texas leave behind challenging questions about business interruption insurance coverage.
TAKEAWAYS
Property insurance policies with business interruption coverage and case law require close inspection to determine the proper method for measuring business interruption claims following wide-area impact catastrophes.
Quantifying a policyholder’s business interruption loss is a contentious issue in the wake of large scale disasters.
The methodology for calculating business interruption losses varies by jurisdiction and can depend on specific policy language. ....

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