Leading finance and insurance government agencies in the Philippines have teamed up to strengthen cybersecurity in the insurance industry. The Insurance Commission (IC), the Bureau of the Treasury (BTr), Government Service Insurance System (GSIS), the Philippine Deposit Insurance Corporation (PDIC), and the Land Bank of the Philippines, signed a memorandum of agreement on a shared cyber defense solution for the insurance cluster, according to a statement released by the IC. T

The Philippines has secured its largest-ever loan from the World Bank, with the Washington-based multilateral lender approving $1 billion on Friday, March 27. This funding will support the Philippines Sustainable Agricultural Transformation Project (PSAT), which will be implemented by the Department of Agriculture (DA) and is expected to benefit at least five million farmers nationwide. PSAT aims to boost agricultural productivity, promote diversification, and enhance the cli

The Philippines' insurance regulator, the Insurance Commission (IC), Bureau of the Treasury, Government Service Insurance System, Social Security System, Philippine Deposit Insurance Corporation and the Landbank of the Philippines have signed a Memorandum of Agreement (MOA) on a shared cyber defence solution for the insurance cluster In line with the directives of the Department of Finance, the solution is intended to enhance the agencies’ capability to detect, prevent and re

WHEN people hear “Middle East crisis,” they think geopolitics. Insurers think in transmission lines: oil, shipping, credit and household cash flow. For an oil-importing, trade-dependent Philippines, a distant conflict can raise costs at home within days. The chain of events is straightforward. Conflict risk rises, then markets price the possibility that ships will avoid key choke points or that ports and terminals become unsafe. The Strait of Hormuz is the world’s most critic

The Insurance Commission (IC) continues to demonstrate its strong support for the insurance industry’s transition to Philippine Financial Reporting Standard (PFRS) 17 – Insurance Contracts through ongoing capacity-building initiatives . Its latest initiative is the comprehensive 4-day PFRS 17 Seminar to be conducted for non-life insurance companies and HMOs on 17–20 March 2026 in Makati , aimed at strengthening technical understanding and practical implementation of the new

Deputy Insurance Commissioner for Financial Examination Group Atty. Jayson P. Lopez, CPA, giving his opening remarks. The Insurance Commission held its Regulatory Forum entitled " Enhancing Prudential Reporting and Compliance Practice " on 25 February 2026 from 1:00 PM to 5:00 PM at the Insurance Institute for Asia and the Pacific (IIAP) building. The forum provided participants with updated guidance on prudential reporting requirements, including proposed revisions to the