Philippines Insurance Industry Newswire

The Philippines Introduces Digital Nomad Visa, Allowing Remote Workers To Stay In The Country For Two Years

The Philippines is about to launch a digital nomad visa allowing remote workers to stay in the country for up to two years. President Bongbong Marcos issued the executive order on April 24. While applications aren't open yet, it is estimated that …

This week in insurance: Prudential’s new CEOs, PH push for private riders benefits, India lacks coverage awareness

In India, only a third of policyholders are aware of the coverage details of their health insurance plans. Asia-Pacific's insurance sector from 19 to 23 May welcomed two new CEOs, whilst Philippine insurers pushed for increased private vehicle …

Generali completes sale of Philippines life business

InLife completes Generali Philippines takeover

Homegrown insurance giant Insular Life Assurance Co., Ltd. (InLife) on Friday said it has completed its acquisition of 100 percent of Generali Life Assurance Philippines, marking a key milestone in its bid to strengthen its foothold in the country’s life …

State subsidies up 15% to P23 billion

MANILA, Philippines — The government increased its budgetary support to state-run firms by 15 percent to almost P23 billion in the first quarter, with the bulk of the subsidies intended to support irrigation projects. Data from the Bureau of the Treasury …

US rating cut could benefit the Philippines, other markets

THE UNITED STATES’ latest credit rating downgrade could benefit the Philippines and other emerging markets as this could prompt investors to diversify their portfolios. “The US credit downgrade is negative for US dollar and US dollar-denominated assets but …

GCash looking to launch takaful, crop insurance products via GInsure marketplace in 2nd semester

ELECTRONIC WALLET operator GCash is planning to launch Shari’ah-compliant and crop insurance products in the coming months through its in-app marketplace GInsure. “We pretty soon will be having a Shari’ah-compliant insurance product for our Muslim brothers …

Philippine companies told to realign resources amid risks

By Revin Mikhael D. Ochave, Reporter PHILIPPINE companies should boost resiliency and realign their resources in the face of a global trade war that puts economic growth, jobs and wages at risk, according to corporate leaders. Filinvest Development Corp. ( …

Philippines’ insurance penetration grows to 1.89% in Q1 2025: IC

The overall insurance penetration in the Philippines grew to 1.89% in Q1 2025 from 1.78% in Q1 2024, while insurance density rose by 13.4% year-on-year to PHP1,094.94 per capita (from PHP965.56), acco...

GCash expands insurance offerings

MANILA, Philippines — E-wallet giant GCash is expanding its insurance offerings with new sector-specific products that are eyed for launch this year. Jay Young, head of GCash insurance arm GInsure, said the company’s target is to add to its portfolio this …

Philippine insurance penetration rises to 1.89% in Q1 2025

Insurance density also grew by 13.40% YoY. In the first quarter of the year (Q1 2025), the Philippines’ insurance penetration rose to 1.89% from 1.78% in the same period last year, data from the Insurance Commission showed. Insurance density also grew by …

Philippines’ non-life sector gains from reinsurance capacity: AM Best

Additionally, insurers are expected to benefit from improved investment income. The Philippine’s non-life insurance sector is forecasted to have a stable outlook, AM Best said, amidst robust growth prospects, expanding reinsurance capacity, and solid …

Insurance sector’s first-quarter profit grew by 7%

MANILA, Philippines — The Philippine insurance industry continued to post higher profits in the first quarter this year on the back of fatter premium collections and a small decline in payouts. Latest data from the Insurance Commission (IC) showed the …

The Economic Times Future Forward Philippines Summit 2025 kicks off successfully

Yasmin Taj, Editor – Features at ETHRWorld and ETEducation, The Economic Times, during her welcome noteThe third edition of the Economic Times Future Forward Philippines Summit officially commences today at Hilton Manila, bringing together influential …

Reinsurance capacity growth supports Philippine’s non-life insurance stable outlook: AM Best

Credit rating Agency AM Best has maintained a stable outlook on the Philippine non-life insurance market, citing growth factors and steady increase in the availability of reinsurance capacity in the country, which is expected to mitigate catastrophe risks …

PDIC extends up to P1M deposit insurance to Islamic banks

MANILA, Philippines — Islamic banks and banking units are now covered by the Philippine Deposit Insurance Corp. (PDIC), ensuring that depositors are protected even if these banks close or go bankrupt. In a statement on Wednesday, May 21, the PDIC said …

Insurance penetration up, lags global average

INSURANCE penetration in the Philippines edged higher to 1.89 percent in the first quarter of 2025, the Insurance Commission said, up from 1.78 percent a year earlier. The country, however, still significantly lags the global average of 7.0 percent and the …

Is a Filipino sardines’ brand possibly the secret to health and longevity?

The story started with an article published by esteemed Harvard University in 2023, extolling the benefits of “Eating down the seafood chain”, meaning sardines. What was their basis?  To start, the health benefits are tremendous. In a world of increasing …

Building the Philippines’ blockchain economy: Policy, talent, and use cases for growth

In the early 2000s, the Philippines witnessed the explosive growth of its business process outsourcing (BPO) sector, transforming the country into a global hub for customer service, back-office support, and IT-related work. That same drive for innovation …

Rx-Credentialing Achieves Milestone: Over 100 NPs and MDs Engaged with High Retention Rates

Premium Medical Billing Service is proud to announce that the company now serves over 100 nurse practitioners (NPs) and medical doctors (MDs) across New York. NEW YORK , NY, UNITED STATES, May 24, 2025 /⁨EINPresswire.com⁩/ -- RxCredentialing, a …

Now Accepting Applications: iHope Genetic Health Clinical Sites

Pass it on! DAMASCUS, MD, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- Genetic Alliance is now accepting applications for new clinical sites to join the iHope Genetic Health (iGH) program, which provides no-cost genomic testing to families from low …

Sample Sale Spectacle: Murray Hill Optical Launches with Weeklong Event Featuring Deep Discounts and Designer Finds

Score designer frames up to 80% off during Murray Hill Optical’s grand opening sample sale, May 28–June 4 at 500 3rd Ave, NYC. Style, prizes, and vision await! NEW YORK, NY, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- A Fresh Start, A Limited-Time …

Insurance Veteran Paul H Flowers Jr Brings Innovative Employee Benefits Solutions to Small & Mid-Sized Businesses

NEW YORK, NY, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- Paul Howard Flowers Jr., founder of Superior Insurance Advisors, is establishing a new standard in the employee benefits space through his boutique insurance agency and consulting firm. …

Tom Sawyer Software Releases Major Update to Tom Sawyer Explorations

Enhancing Flexibility and Clarity in Graph Analysis BERKELEY, CA, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- Tom Sawyer Software, the leader in graph and data visualization technology, today announced a new release of Tom Sawyer …

Elimu Informatics Launches RapidFireApps™ to Accelerate Innovation for Healthcare Startups

New service fast-tracks the launch of clinician and patient apps by combining FHIR expertise, pre-built components, and seamless EHR integration. EL CERRITO, CA, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- Elimu Informatics is proud to …

The Valley Life Real Estate Group: Unprecedented Opportunities for First-Time Home Buyers in the Fraser Valley

LANGLEY, BRITISH COLUMBIA, CANADA, May 23, 2025 /⁨EINPresswire.com⁩/ -- The Valley Life Highlights Excellent Opportunities for First-Time Home Buyers The Valley Life, a Top 1% real estate team with the Fraser Valley Real Estate Board, is sharing …

Orlando Dentist Dr. Cuong T. Phan Now VA-Certified to Provide Dental Care to Eligible Veterans

ORLANDO, FL, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- Veterans in Central Florida now have expanded access to dental care as Dr. Cuong T. Phan of Phan-tastic Smiles has officially received certification from the U.S. Department of …

QuickMechs Expands – Smarter, Faster Auto Service App

QuickMechs launches interest-free car repairs with instant bookings, full payments for mechanics, and real-time updates for drivers. ATLANTA, GA, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- QuickMechs, the growing auto-tech platform, is …

Guiding People Beyond Just Mortgages: Kelly Prsa of Verico Equity Plus Mortgages Inc. Wins 2025 ThreeBestRated® Award

WINDSOR, ONTARIO, CANADA, May 23, 2025 /⁨EINPresswire.com⁩/ -- Kelly Prsa, a high-standing mortgage broker with Verico Equity Plus Mortgages Inc., has been selected for ThreeBestRated®’s Award of Excellence for the seventh consecutive year. Kelly …

Madison Insurance Group Expands Leadership Team with Key Appointments

Madison Insurance names Humberto Torres, Armondo Torres, and LeAnn Rivera to key roles. Humberto Torres replaces Ricardo Rivera, who served as CFO until 2024 SAN JUAN, PUERTO RICO, May 23, 2025 /⁨EINPresswire.com⁩/ -- Madison Insurance Group …

AMBCI Achieves AAPC Licensed Training Provider Status, Setting New Standards in Medical Billing and Coding Education

AMBCI announces its official recognition as an AAPC Licensed Training Provider for Dual CPC and CPC Certification. OREM, UT, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- The Advanced Medical Billing and Coding Institute (AMBCI) is excited …

Deminor Raises EUR 100 Million for Global Growth & Expands Commitment to Social Responsibility with B-Corp Certification

BRUSSELS, BELGIUM, May 23, 2025 /⁨EINPresswire.com⁩/ -- Deminor, a leading global litigation funder, is pleased to announce the successful completion of a EUR 100 million funding round. The proceeds will be used to support the continued expansion …

NHSA Launches Groundbreaking Viska Consortium

A Bold Initiative to Help Solve Some of Today's Most Pressing Problems DENVER, CO, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- The National Home School Association (NHSA) is proud to announce its official sponsorship of the Viska …

High Voltage Generators Market Set to Surge at 4.4% CAGR, to Reach US$ 33.1 Million by 2035: Fact.MR Report

High Voltage Generators Market grows with rising demand for reliable power in industrial, medical & research sectors, says Fact.MR. ROCKVILLE, MD, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- According to Fact.MR, a market research and …

5 Steps Towards Taking Long-Term Care Wound Care To The Next Level

To evolve wound care, it will be important for facilities to take a long view...one that is strategic & rooted in a spirit of continuous improvement. NEWTOWN, PA, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- For many long-term care facilities, …

Jason Ruedy, The Home Loan Arranger Sees Surge in Homeowners Refinancing and Consolidating First & Second Mortgages

Jason Ruedy, Denver, CO, has noted a growing trend among homeowners who are merging their first and second mortgages in response to declining interest rates DENVER, CO, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- Jason Ruedy, Denver, CO - …

Jason Ruedy, Notes Record Surge in Credit Card Debt, Urges Homeowners to Utilize Home Equity for Relief

Jason Ruedy, Mortgage Expert notes a record surge in credit card debt, now at $125 billion, prompting many homeowners to tap into their home equity for relief DENVER, CO, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- Jason Ruedy, Denver, CO …

Bits In Glass Recognized as Winner of Boomi’s 2025 AI Agent Hackathon

Bits In Glass wins Boomi’s AI Agent Hackathon for its innovative Invoice Assistant, an AI agent that automates invoice handling. EDMONTON, AB, CANADA, May 22, 2025 /⁨EINPresswire.com⁩/ -- Bits In Glass (BIG), a trusted global boutique automation …

Duck Creek ehrt Philadelphia Insurance Companies mit dem Standard of Excellence Customer Award auf der Formation ’25

BOSTON, May 23, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, ein globaler Anbieter intelligenter Lösungen mit zukunftsweisendem Ansatz für Schadens- und Unfallversicherungen (P&C) sowie allgemeiner Versicherungen, hat Philadelphia Insurance …