Sunday, January 11, 2026
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Tag: Insurance Commission

8 non-life insurers in merger talks, 4 to close down

The Insurance Commission on Friday said eight non-life insurers were working out a merger to comply with the minimum paid-up capital requirement of P550...

Funa appointed new chief of Insurance Commission

President Rodrigo Duterte appointed Deputy Insurance Commissioner Dennis Funa as the new head of the Insurance Commission.  Executive Secretary Salvador Medialdea confirmed the approval of...

New SSS President faces graft case

The group Volunteers Against Crime and Corruption (VACC) has filed a graft case against the newly-appointed head of the Social Security System (SSS). In a...

Demise of Filipino life insurance sector

Policymaking can be a very tricky activity even under the best of circumstances. There are several reasons for this. Undoubtedly the most important of...

Govt reviews catastrophe insurance bid

The Insurance Commission will revisit its compulsory catastrophe insurance proposal to align with the new administration’s priorities amid climate change. Insurance Commissioner Emmanuel Dooc said...

IC requires insurers to share medical info

The Insurance Commission has required life insurance companies to create and share the medical information data base of policy holders to prevent fraud in...

Insurance cuts target

The Insurance Commission revised its 2016 revenue target for the insurance industry following the weak performance in the first quarter. Insurance commissioner Emmanuel Dooc said...

Insurance claims eased

The Insurance Commission will no longer require parties with claims of up to P200,000 to go to court and allow them instead to settle...

Insurance premium dropped 16% in Q1

The income of the insurance industry fell 16 percent in the first quarter of the year following the money laundering controversy that rocked the...

IC pushes mandatory calamity insurance pool

The Insurance Commission said Monday it will “definitely” push for the mandatory catastrophe pool insurance that will assist households and small and medium enterprises...

Loyola set to pay P27m to policyholders

The Insurance Commission said Monday Loyola Plans Consolidated Inc. is set to pay an additional P27 million to affected plan holders in the next...

Govt sells insurance company for P1.05b

The Insurance Commission on Tuesday approved the sale of National Life Insurance Corporation of the Philippines to 6762 Holdings Corp. of businessmen Ricardo Cuerva...

Insurance regulator issues stay order on Sobrepeña firm

The Insurance Commission on Wednesday issued a stay order, suspending all payment claims against CAP General Insurance Corp., a non-life insurer controlled by the...

IC threatens to close Loyola

The Insurance Commission on Thursday threatened to shut down pre-need company Loyola Plans Consolidated after its thrust fund fell short to serve the claims...
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