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INSURANCE and reinsurance companies can now diversify their investment portfolio after the industry regulator okayed their participation in securities borrowing and lending (SBL) transactions.
INSURANCE COMMISSIONER Dennis B. Funa was elected as chairman of Asian Reinsurance Corp. (Asian Re), the Insurance Commission (IC) said.
THE INSURANCE Commission (IC) issued a cease and desist order against health maintenance organization (HMO) Caritas Health Shield, Inc. due to alleged fraudulent card swiping and misrepresentation of sales agents.
THE Insurance Commission (IC) has issued guidelines on insurers’ investment on real estate investment trusts (REIT), admitting such as assets.
THE INSURANCE Commission (IC) is now requiring new insurance adjusters to secure endorsement from two associations related to the industry.
THE INSURANCE Commission (IC) is optimistic that insurance firms will be able to prepare ahead of the 2023 implementation of new accounting rules, as multinational insurers are expected to comply ahead of time.
THE NATIONAL Reinsurance Corp. of the Philippines (Nat Re) was allowed by the Insurance Commission (IC) to continue its operations for another two years.
THE INSURANCE Commission (IC) has deferred by another year the implementation of new accounting rules for life and non-life insurers to give these firms more time to comply.
THE Insurance Commission (IC) believes some non-life insurance companies may not be able to meet the increased statutory solvency requirements by the end of the year, and encouraged such firms to seek investors or merge with other companies.
The Insurance Commission (IC) said an individual who was claiming to be Insurance Commissioner Dennis B. Funa was charged with estafa. In a statement sent...
THE INSURANCE INDUSTRY booked a double-digit increase in the first half as all sectors posted robust growth, the Insurance Commission (IC) said on Wednesday.
Philippine American Life and General Insurance Co., Inc. (Philam Life) is facing administrative case for allegedly manipulating insurance policies. In a statement, the Insurance Commission...
THE INSURANCE COMMISSION said Chinese firms are eyeing to support a non-life insurance company placed under conservatorship.
THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement.
THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement. In...
THE INSURANCE COMMISSION (IC) seeks to repeal the National Labor Relations Commission (NLRC) resolution requiring surety companies to immediately pay the appeal bonds to...
By Melissa Luz T. Lopez, Senior Reporter THE insurance sector saw another banner year in premiums in 2017 supported by double-digit growth among life and...
BIG NON-LIFE INSURANCE firms may now invest in land and other real property assets to augment their capital buffers and generate more income, the...