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Life sector spurs 20% growth in insurance industry’s 2019 income

THE INSURANCE INDUSTRY’S total net income booked double-digit growth in 2019 buoyed by a spike in the life insurance sector’s net profit.

A bright and robust sector

The Philippine insurance industry remains bright and robust, exhibiting positive growth in recent years despite some internal and external challenges. In fact, in 2018,...

Insurance industry’s premiums climb 34% as life sector grows

THE INSURANCE INDUSTRY booked a double-digit increase in its total premium income in the third quarter, driven by the continued growth of the life...

Digital transformation in the insurance sector

Existing for nearly 200 years now, the insurance industry in the Philippines, according to the Oxford Business Group (OBG), has been expanding steadily in...

Stronger than ever

The Philippine insurance industry had a remarkably successful 2017, with its assets, investments, net worth, net income and premium all growing at double-digit rates...